Solana News: CME Group Launches SOL Futures, Marking Milestone in Regulated Crypto Derivatives Market

In a significant move for the cryptocurrency market, CME Group, a leading derivatives exchange, has officially launched SOL futures trading. This development marks a crucial step in the evolution of regulated cryptocurrency derivatives and highlights the growing institutional demand for capital-efficient tools to manage digital asset investments.

CME Group Launches Solana Futures

CME Group, one of the largest derivatives exchanges, has officially launched SOL futures trading. The first transaction was executed between FalconX and StoneX, marking a significant step in the growth of regulated cryptocurrency derivatives. The move comes amid rising institutional demand for capital-efficient tools to manage digital asset investments. Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, expressed pleasure at the early support for the new futures contracts, noting that the addition of SOL and Micro SOL futures to their regulated cryptocurrency suite will provide investors with capital-efficient tools.

Solana Futures Start Quietly on CME

Solana (SOL) futures trading in its debut on the Chicago Mercantile Exchange (CME) Monday generated $12.3 million in notional daily volume, finishing the day with $7.8 million in open interest, far less than the totals of Bitcoin and Ethereum futures in their launches. However, K33 Research’s Head of Research Vetle Lunde wrote that the SOL futures start was similar to BTC and Ethereum relative to their market capitalizations at the time.

World’s First RWA Marketplace on Solana, Glimmer Finance Plans to Start RWA Trend

Glimmer Finance, built on Solana, is creating a unique and secure RWA marketplace for asset tokenization. The platform aims to bridge traditional finance and Web3, enabling users worldwide to participate in the next generation of asset ownership and investment. It facilitates the conversion of real-world assets into digital tokens, offering fractional ownership, AI-powered asset evaluation, and enhanced liquidity. By leveraging Solana’s high-speed, low-cost infrastructure, Glimmer Finance ensures a frictionless investment experience.

STARDEER Launches $10M Fund to Support Solana Ecosystem

Digital asset trading platform STARDEER has announced a $10 million fund to support projects in the Solana ecosystem. The fund will support new businesses, offer liquidity, and encourage developers to build innovative applications on Solana (SOL). Due to its reputation for fast transactions and low costs, Solana has attracted developers and users from all over the world. However, many projects struggle with early funding and market exposure. By providing both financial and technical support, STARDEER’s fund seeks to address these issues. The fund will focus on offering early-stage funding to new Solana projects and providing liquidity to boost market activity and attract users.