- ARK Invest partners with SOL Strategies for Solana staking
- Over 3.5 million $SOL under BitGo’s institutional-grade custody
- Partnership signals growing institutional interest in Solana
ARK Invest Makes a Strategic Move in Solana Staking
ARK Invest, the asset management firm led by Cathie Wood, has selected SOL Strategies as its exclusive Solana staking provider. This marks a significant development in institutional adoption of the Solana ecosystem, with over 3.5 million $SOL now being managed under the arrangement.
The move was further solidified by the use of BitGo’s custody platform, ensuring top-tier security for these digital assets. BitGo, known for its institutional-grade infrastructure, adds a layer of trust and protection crucial for handling such large sums of cryptocurrency.
Why SOL Strategies?
SOL Strategies has quickly become a notable player in the staking industry, particularly on the Solana blockchain. Its partnership with ARK Invest indicates strong institutional confidence in its staking infrastructure, performance, and reliability.
By choosing an exclusive Solana staking provider, ARK Invest ensures optimal staking yields while maintaining the security and liquidity of its digital assets. This aligns with ARK’s broader investment thesis of backing next-generation technology platforms.
Institutional Support for Solana Grows
This partnership is another major step in Solana’s journey toward institutional adoption. The fact that a high-profile firm like ARK Invest is not only holding a significant amount of $SOL but also actively staking it, shows long-term commitment to the blockchain.
With SOL Strategies handling the staking process and BitGo securing the assets, ARK Invest is positioning itself to benefit from both the growth of Solana and the yield-generating potential of staking.
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