09:13 AM EDT, 07/11/2025 (MT Newswires) -- DeFi Development ( DFDV ) said Friday it signed a non-binding letter of intent with Switchboard Technology Labs for a potential collaboration to build the data and oracle infrastructure that is needed to support real-world asset initiatives across the Solana blockchain ecosystem.

Under the agreement, the company said it and Switchboard will consider cooperating on the development of custom oracle feeds for real-world asset pricing and data, and implementing real-time proof-of-reserve attestations. DeFi Development ( DFDV ) also said they will consider integrating Switchboard's oracle infrastructure into DeFi's real-world asset framework.

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