JitoSOL Makes History: Anchorage Digital Backs First Federally Chartered Solana LST
Solana's liquidity staking just got a Wall Street stamp of approval—or at least, the closest thing crypto gets to one.
JitoSOL, the liquid staking token for Solana, just became the first LST to partner with Anchorage Digital, the US federally chartered crypto bank. No more hiding in DeFi's shadows—this is institutional-grade validation.
Why it matters
Banks and blockchains rarely play nice. Anchorage's backing signals regulators might finally be warming to Solana's speed demon ecosystem—even if they still don't understand it.
The fine print
Don't expect FDIC insurance on your staked SOL. But for institutions dipping toes into crypto? This bridge between TradFi and DeFi just got way less shaky.
Bottom line
Another 'first' for Solana—and another chance for hedge funds to pretend they cared about decentralization all along.
Liquid staking & MEV rewards on @solanaNo third-party apps neededUnlock your SOL at any time pic.twitter.com/234opZF4ND
— Anchorage Digital
Thanks to this latest partnership, Anchorage Digital now offers access to the complete lifecycle of Solana’s leading liquid staking token. Institutions and SOL holders can custody, mint, and redeem JitoSOL. They can do so via Anchorage Digital Bank N.A. or, a payment institution with a licence from the.
These actions allow them to maintain SOL liquidity and capture staking and protocol revenue, the team argues. The partnership overall, it adds, paves “the way for broader adoption by regulated financial entities.”
Moreover, JITOSOL mint and redemptions will soon be available through, Anchorage Digital’s self-custody wallet, for those who want to self-custody.
JitoSOL is the 1st solana LST with support from a federally chartered bank!
Institutions can custody, mint, & burn JitoSOL via @Anchorage, home to the only federally chartered crypto bank in the U.S.
More on this below
pic.twitter.com/ZS7T0YxkrO
“Anchorage Digital is proud to offer expanded support for JitoSOL, starting with custody and now delivering a seamless, custom-built mint and redeem experience right from our platform,” said the former’s CEO Nathan McCauley. “This latest integration marks our growing support for the Solana ecosystem. We’re excited to make liquid staking and the Solana DeFi ecosystem accessible to a growing number of institutions.”
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Per the announcement, the integration includes institutional-grade security features, such as hardware security modules (HSMs), biometric authentication, and behavioral analytics.
Moreover, the Jito Foundation says it has published the JitoSOL Securities Classification Report. It “outlines why JitoSOL does not constitute a security under US law.” It has also published a memorandum to guide the tax treatment of liquid staking. These moves help “position JitoSOL as one of the most accessible and well-prepared assets for integration into mainstream financial products,” the team argues.
4/6 Why does this matter?
Institutions previously faced a tradeoff:
• Direct staking: locked capital and operational complexity
• LSTs: lacked qualified custody solutions
Now JitoSOL offers liquid staking with institutional-grade custody via Anchorage
And speaking of regulations, the latest partnership comes amid discussions around staking-enabled exchange-traded funds (ETFs).
According to Thomas Uhm, Chief Commercial Officer at Jito Foundation, “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.”
The team also argues that liquid staking tokens are increasingly seen as a practical alternative to direct staking.
“With Anchorage Digital’s qualified custody infrastructure now in place, JitoSOL is positioned to meet many of the operational requirements that regulated financial product developers must address,” it concludes.
You may also like: SEC’s Staking ETF Pushback Shows Regulatory Uncertainty, Says Ripple-Backed Custodian The U.S. Securities and Exchange Commission (SEC) has raised fresh concerns around the classification and legality of exchange-traded funds (ETFs) that use staking, casting doubt on proposals from REX Financial and Osprey Funds. Both firms recently submitted amendments for ETFs that WOULD incorporate staking mechanisms for Solana (SOL) and Ether (ETH), but the SEC has argued that the funds may not meet the requirements to be classified as traditional ETFs under current U.S....