Finance

Institutional access to Solana grows as Anchorage Digital adds custody for Bybit’s bbSOL

7 hours ago
Bitcoin Ethereum News
Institutional Access to Solana Grows as Anchorage Digital Adds Custody for Bybit’s bbSOL

Key highlights:

  • Anchorage Digital now provides institutional custody for Bybit’s staked SOL token, bbSOL, offering regulated access to Solana staking.
  • bbSOL combines liquidity with on-chain yield, with custody now meeting U.S. federal compliance through Anchorage Digital Bank.
  • The partnership signals broader efforts to connect institutional finance with the Solana DeFi ecosystem.

Anchorage Digital custody opens doors for institutional bbSOL adoption

Bybit’s liquid staking token has secured a key infrastructure boost, as Anchorage Digital begins offering institutional custody services for the asset. The move positions bbSOL as a compliant and secure vehicle for institutions exploring yield opportunities within the Solana ecosystem.

bbSOL is a staked version of issued by Bybit that allows token holders to earn staking rewards while keeping the flexibility to trade or use the asset elsewhere in decentralized finance. With Anchorage Digital Bank—recognized as the first federally chartered crypto bank in the U.S.—now supporting custody, bbSOL holders can benefit from bank-grade protection and regulatory oversight.

“Anchorage Digital’s integration represents a major leap in bbSOL’s evolution as an institutional-ready product. By combining liquidity with regulatory assurance, we’re offering institutions a compliant and transparent entry point into Solana’s DeFi landscape—anchored in the stability and integrity of Bybit.” — Emily Bao, Head of Spot at Bybit and Founder of Byreal

Anchorage Digital’s CEO and co-founder Nathan McCauley added that the new support for bbSOL “unlocks additional opportunities for institutions to participate in the Solana ecosystem through liquid staking, backed by Anchorage Digital’s security.”

The integration bridges the divide between exchange-grade token issuance and institutional asset protection. It reflects a broader trend of institutional infrastructure adapting to support blockchain-native products—particularly those that provide yield without sacrificing liquidity.

Bybit has been steadily expanding its product suite to support DeFi access while keeping regulatory compliance in focus. The partnership with Anchorage Digital underscores a shared interest in facilitating secure, transparent, and capital-efficient tools for professional market participants.

The bottom line

With Anchorage Digital adding custody for bbSOL, institutions now have a clearer path into Solana staking without compromising on compliance or security. The collaboration suggests liquid staking tokens like bbSOL are maturing beyond retail use and finding footing in the institutional asset landscape. As infrastructure providers continue to adapt, the gap between DeFi innovation and traditional finance may continue to narrow.

Source: https://coincodex.com/article/75676/institutional-access-to-solana-grows-as-anchorage-digital-adds-custody-for-bybits-bbsol/