Anchorage Digital Bank Partners with JitoSOL to Boost Solana Staking

JitoSOL has partnered with Anchorage Digital Bank to enhance support for Solana liquid staking tokens. This collaboration is significant as it marks the first instance of a federally chartered crypto bank in the United States providing full support for Solana's liquid staking tokens. Anchorage Digital Bank will offer custody, minting, and redeeming functionalities for JitoSOL, making it easier for institutions to engage with Solana's DeFi ecosystem in a regulated environment.

Anchorage Digital Bank, leveraging its status as the only federally chartered crypto bank in the U.S., aims to facilitate institutional integration into the Solana ecosystem. This partnership is expected to attract more institutional liquidity into Solana, potentially boosting its total value locked (TVL). The collaboration enables SOL holders and institutions to engage with Solana’s liquid staking ecosystems through regulated platforms, heightening SOL liquidity within DeFi protocols.

Anchorage Digital Bank N.A. and Anchorage Digital Singapore will provide these enhanced services, ensuring that institutions and SOL holders can custody, mint, and redeem JitoSOL through secure and trusted platforms. This development is set to pave the way for broader adoption by regulated financial entities, providing a solid foundation for future technological advancements in the Solana ecosystem.

Thomas Uhm, Chief Commercial Officer at Jito Foundation, highlighted the significance of this partnership, stating that liquid staking tokens like JitoSOL are increasingly considered a practical alternative to direct staking. With support for in-kind creation and redemption, primary and secondary market liquidity, and compatibility with a trusted partner like Anchorage Digital, JitoSOL satisfies many of the operational requirements that modern ETF issuers and other developers of regulated financial products must address. This partnership brings the integration of staking into the broader financial landscape closer to reality.

The Jito Foundation has been proactive in meeting the standards expected by sophisticated market participants. This includes publishing the JitoSOL Securities Classification Report, which outlines why JitoSOL does not constitute a security under U.S. law, and releasing a memorandum to guide tax treatment of liquid staking. These efforts, combined with Anchorage Digital's support, help position JitoSOL as one of the most accessible and well-prepared assets for integration into mainstream financial products.

Nathan McCauley, CEO of Anchorage Digital, expressed pride in offering expanded support for JitoSOL, starting with custody and now delivering a seamless, custom-built mint and redeem experience right from their platform. This latest integration marks Anchorage Digital's growing support for the Solana ecosystem, making liquid staking and the Solana DeFi ecosystem accessible to a growing number of institutions.

This partnership underscores the Jito Foundation's commitment to enabling secure access to Solana staking. As demand for regulated exposure to Solana's ecosystem grows, the Foundation is advancing the infrastructure and partnerships needed to support meaningful institutional participation. With support from Anchorage Digital now in place, JitoSOL is positioned to meet the growing demand for broader access to Solana's staking economy.