DeFi Development (DFDV, Financial) has revealed plans to engage in a potential strategic partnership with Switchboard Technology Labs Inc., a key player in the decentralized oracle network on Solana. This agreement, marked by a non-binding Letter of Intent, aims to explore collaboration opportunities to enhance data and oracle infrastructure, supporting initiatives involving real-world assets within the Solana ecosystem.
The proposed collaboration covers several areas, including the creation of customized oracle feeds for pricing and data related to real-world assets. Additionally, the partnership intends to implement real-time proof-of-reserve attestations. Both parties are also considering joint go-to-market strategies for products related to real-world assets, and integrating Switchboard’s oracle technology within DeFi Dev Corp.’s framework for these assets. This initiative marks a significant step in developing robust infrastructure for real-world asset management on Solana.
