• Written by: Kosta Gushterov
  • Wed, 21 May 2025
  •   Romania

Speaking during an X Space hosted by The Block on May 21, Santori explained that the firm’s shift from its […]The post Pantera Capitals Marco Santori: Solana-Focused Strategy Offers Edge Over ETFs Through DeFi Participation appeared first on Coindoo.

Pantera Capitals Marco Santori: Solana-Focused Strategy Offers Edge Over ETFs Through DeFi Participation

Speaking during an X Space hosted by The Block on May 21, Santori explained that the firms shift from its roots in real estate software to a strategic accumulation of Solana earlier this year was not merely an investment pivotit was a calculated bet on active DeFi participation outperforming passive ETF models.

The plan in the beginning was that this was going to be a much better way to stack Solana than an ETF for a whole number of reasons, one of which is that we can do things like getting involved in DeFi, Santori said.

Pantera Capital is a key investor in DeFi Development Corp, and Santori also sits on its board. According to him, the strategy isnt just about holding SOL tokensits about deploying them to generate returns. Unlike ETFs, which typically offer only price exposure, DeFi Development Corp seeks to increase what Santori calls the North Star metric: Solana-per-share.

This metric reflects not just passive appreciation but also active yield generation through treasury strategies, staking, and other on-chain revenue mechanisms.

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Most of Wall Street didnt know about DeFi just a while ago, Santori added, and now theres this pretty straightforward vehicle by which they can access it directly not just by buying and holding the coins, but investing in a team thats actually going to execute.

As of publication, DeFi Development Corp holds 400,091 SOL, following an initial $9.6 million purchase in April. In a further step to deepen its staking capabilities, the firm disclosed plans on May 5 to acquire a Solana validator business for $3.5 million, allowing for direct self-staking of its SOL reserves.

This model positions DeFi Development Corp as both a capital allocator and an On-chain

Transactions that are recorded and verified on the blockchain.

" >on-chain operatorsomething that Santori believes could set a new standard for crypto-native investment strategies.

The post Pantera Capitals Marco Santori: Solana-Focused Strategy Offers Edge Over ETFs Through DeFi Participation appeared first on Coindoo.