Real Estate Firm Janover Acquired by Ex-Kraken Executives, to Buy Solana Tokens with $42M Raise

Crypto-Funded Real Estate Firm Janover Secures $42M To Back Solana Investments

An AI-powered commercial real estate platform, Janover, Inc. has raised around $42 million through a private sale of convertible notes and warrants.

The funding round attracted backing from notable digital asset investors, including Pantera Capital, Kraken, and Arrington Capital.

Convertible Notes Linked To Market Cap Milestone

Issued under Section 4(a)(2) and Regulation D of the Securities Act of 1933, the notes carry a 2.5% annual interest rate, paid quarterly, and mature on 6 April 2030.

Investors have the option to convert their notes into common shares any time before maturity—if Janover’s market capitalisation hits or exceeds $100 million the day before conversion.

When that benchmark is met, the conversion price will be determined based on the share price at that moment, with a floor price set at $4.81.

Each $1,000 worth of notes comes with warrants allowing investors to buy 8.333 shares at $120 and another 6.666 shares at $150, adding a layer of potential upside tied to future growth.

Former Kraken Executives Lead Blockchain Pivot

A new leadership group, made up of former executives from US crypto exchange Kraken, is now steering Janover.

Under their direction, the company plans to use its fresh capital to acquire digital assets, with a strong focus on Solana (SOL).

Their strategy includes purchasing SOL tokens and investing in Solana validators, anchoring Janover more firmly in the crypto space.

Solana Ecosystem At The Core Of Strategic Plan

According to Janover, its first major move with the new funds will be into the Solana ecosystem.

Known for its high-speed and low-cost transactions, Solana has gained significant traction among blockchain developers.

Janover’s treasury is being positioned to not just hold SOL but to actively participate in the network through validator investments.

The move is being viewed as more than a financial play.

The leadership team aims to bridge the gap between traditional real estate finance and blockchain-based operations.

By combining real estate with the transparency and liquidity of blockchain, Janover intends to rework how commercial property transactions are managed.

The firm’s platform currently offers tools to simplify real estate financing.

With blockchain integration on the horizon, the process could become even more streamlined, especially for large-scale commercial deals.

Backing From Industry Veterans Signals Confidence

Pantera Capital, Kraken, and Arrington Capital’s involvement adds credibility to Janover’s pivot.

These firms are known for supporting projects that are deeply embedded in the digital asset space.

Their backing signals strong confidence in Janover’s plan to align real estate with blockchain infrastructure.

As Janover moves forward with its Solana-focused strategy, its transformation from a tech-powered real estate platform into a blockchain-integrated operation appears well underway.