Metavesco, Inc. congratulated DeFi Dev Corp on launching its DONT memecoin, making DeFi Dev Corp the second publicly traded company to enter the memecoin arena. This development follows Metavesco's own historic achievement in September 2025, when it became the first publicly traded company to launch a memecoin, OTCfi, via Pump.fun on the Solana blockchain. Ryan Schadel, CEO of Metavesco, stated that competition validates their pioneering approach, emphasizing that innovation does not require a major exchange listing but rather vision and execution.
Metavesco has established a consistent track record as a first mover at the intersection of public markets and blockchain technology. The company was the first fully reporting public company to launch liquidity pools on Uniswap, the first to recognize revenue from an airdrop (ApeCoin), and the first to own a Bored Ape Yacht Club NFT, which was the source of that airdrop. Following the launch of OTCfi, Metavesco also became the first public company to claim creator rewards on Pump.fun and the first to execute a community token airdrop to retail traders. Schadel added that Metavesco recently became the first public company to have its memecoin listed on CoinGecko, further demonstrating that innovation occurs across all markets.
The company argues that the OTC markets, with over 10,000 securities and a passionate retail trading community, are a fertile ground for financial innovation. Metavesco's OTCfi is described as the Community Token of the OTC, designed to unite traders, holders, and issuers to bring transparency, liquidity, and social energy on chain. Built on Solana, OTCfi aims to become the digital asset treasury token of choice for OTC issuers. Metavesco is developing a suite of tools within the OTCfi Ecosystem for OTC issuers and investors, with more information available at otcfi.io.
Key milestones in Metavesco's journey include releasing a white paper titled "Tokenizing the OTC: A Vision for Transparency, Liquidity, and Growth" in August 2025 ahead of an SEC roundtable, announcing a historic forthcoming announcement on August 29, 2025, executing the first token airdrop by a public company on September 3, 2025, and becoming the first public company to claim creator rewards on Pump.fun on September 9, 2025. The emergence of a second publicly traded company launching a memecoin underscores a growing trend where traditional corporate structures are engaging directly with decentralized finance mechanisms, potentially signaling broader acceptance and integration of crypto assets within regulated corporate frameworks.
