Anchorage Digital Expands Solana Support With JitoSOL Staking

Anchorage Digital has announced its support for minting and burning JitoSOL, the liquid staking token on Jito, the leading liquid staking protocol on Solana ($SOL). This move is significant as it allows $SOL holders to directly stake and use JitoSOL through a federally regulated U.S. bank, eliminating the need for third-party applications like WalletConnect.

Institutional customers and retail $SOL holders can now mint and redeem JitoSOL via Anchorage Digital Bank NA, the sole federally chartered crypto bank in the U.S., which has been approved to offer staking. Additionally, support is available through Anchorage Digital Singapore, which is registered as a Major Payment Institution by the Monetary Authority of Singapore. This integration simplifies the staking process by enabling $SOL holders to mint JitoSOL and directly deposit it into their wallets, earning staking and maximal extractable value (MEV) rewards. Users can redeem their staked SOL at any time to claim their staked tokens.

Anchorage Digital will soon enable JitoSOL minting and redemption via Porto, its institutional-grade self-custody wallet. This feature will include an in-house staking protocol, eliminating the need for third-party apps and aligning with Anchorage Digital's vision of compliant, secure infrastructure. The sponsorship of JitoSOL is a strategic decision driven by the increasing demand for regulated liquid staking solutions. As staking-enabled ETFs emerge, JitoSOL and other assets are increasingly viewed as compliant with traditional staking. The token will interact with both primary and secondary market structures, offering utility to ETF issuers and financial product creators.

The launch marks Anchorage Digital’s first liquid staking expansion outside the Ethereum ecosystem, augmenting its overall support for Solana ($SOL), which already includes SPL token custody and USDG transactions. Anchorage Digital's participation in the REX-Osprey Solana ($SOL) and Staking ETF as the staking partner and sole qualified custodian reflects its long-term interest in the Solana ecosystem. The bank is currently offering its services to institutional accounts in its international entities, with support from notable firms such as Goldman Sachs, KKR, Visa, and Andreessen Horowitz.

Anchorage Digital's initiative to support JitoSOL is part of a broader effort to integrate regulated staking solutions into the crypto market. By leveraging its status as a federally chartered bank, Anchorage Digital can offer a secure and compliant staking service, which is particularly attractive to institutional investors seeking regulated exposure to crypto assets. This development is expected to boost institutional participation in the Solana ecosystem, as it provides a trusted and regulated avenue for staking.

Anchorage Digital's role as both the custodian and staking partner for various crypto funds further solidifies its position as a leader in the regulated crypto space. The bank's ability to offer compliant staking solutions through JitoSOL and other liquid staking tokens is a testament to its commitment to innovation and regulatory compliance. This move is likely to attract more institutional investors to the Solana ecosystem, as it provides a secure and regulated way to participate in staking and earn yields.

The launch of JitoSOL support by Anchorage Digital is a significant development in the crypto industry, as it brings regulated liquid staking to the Solana ecosystem. This move is expected to enhance institutional access to compliant crypto yields and streamline the staking process for Solana holders. As the crypto market continues to evolve, regulated staking solutions like those offered by Anchorage Digital are likely to play an increasingly important role in attracting institutional investors and driving growth in the industry.