Anchorage Digital has announced support for the JitoSOL token, allowing $SOL holders to participate in liquid staking directly through a registered federal bank in the U.S.
Launch of JitoSOL via Anchorage Digital
Anchorage Digital has officially declared support for the JitoSOL token for liquid staking on the Jito platform, the leading liquid staking protocol on Solana. Institutional and individual $SOL holders can now mint and redeem JitoSOL via Anchorage Digital Bank NA, the only federally-chartered crypto bank in the U.S. approved for staking. This integration simplifies the staking process, allowing users to earn staking and maximal extractable value (MEV) rewards.
Plans for Self-Custody and Institutional Clients
Looking ahead, Anchorage Digital plans to enable JitoSOL minting and redemption through Porto, an institutional-grade self-custody wallet. This will involve an in-house staking protocol, eliminating the need for third-party applications and aligning with Anchorage Digital's vision of compliant, secure infrastructure.
Anchorage Digital's Long-Term Commitment to Solana
This launch marks Anchorage Digital's first liquid staking expansion outside the Ethereum ecosystem, reinforcing its support for Solana, which is already facilitated through SPL token custody and USDG transactions. Anchorage Digital is also participating as the staking partner and sole qualified custodian in the REX-Osprey Solana Staking ETF, reflecting the firm's long-term interests in the Solana ecosystem.
The support for JitoSOL by Anchorage Digital is a significant step towards simplifying liquid staking and integrating traditional financial tools into the crypto industry.
