- Fidelity Digital Assets launches Solana trading across retail and institutional services.
- SOL trades at $192.99 with analysts identifying compression pattern before potential move.
- Tether’s USDt and XAUT tokens recently deployed on Solana network infrastructure.
Fidelity Digital Assets has introduced Solana trading and custody services across its retail, institutional, and wealth-management platforms. The integration marks one of the largest traditional finance adoptions of a blockchain outside the Bitcoin and Ethereum ecosystems.
The launch provides access to SOL for customers using Fidelity Crypto, individual retirement accounts, wealth-management services, and the institutional trading suite. The platform offers commission-free transactions but applies spreads of up to 1% per trade. New users must establish a Fidelity Brokerage account to access cryptocurrency features, though service availability varies by U.S. state.
Solana recovers from FTX collapse aftermath
This expansion aligns with Fidelity’s blockchain strategy developed over the past decade. The firm started Bitcoin mining operations in 2014, established Fidelity Digital Assets in 2018, and became an early issuer of spot Bitcoin and Ethereum ETFs in 2024. The platform previously offered Bitcoin, Ethereum, and Litecoin before adding Solana.
Solana has recovered from the fallout of the FTX collapse to reclaim a market capitalization above $100 billion. The token currently trades at $192.99, up nearly 4% over the past 24 hours. Trading volume has exceeded $7 billion, reflecting increased participation from both retail and institutional market participants.
Fidelity’s $16 trillion in managed assets could provide additional liquidity to the Solana network. The blockchain’s fast transaction speeds, low costs, and support for tokenized assets position it as an efficient platform for real-world asset trading and decentralized finance applications.
Technical analysts outline breakout scenarios
Market observers maintain optimistic views on Solana’s price trajectory. Analyst Daan Crypto Trades identified a compression pattern between $175 and $200, suggesting accumulation before a potential upward move. He projects that a close above $195 could trigger rapid gains toward $250.
AltcoinGordon highlighted an ascending triangle formation on Solana’s weekly chart, a pattern often associated with bullish price movements. He forecasts that sustained upward pressure could drive SOL into the $320 to $500 range if current trends continue.
Recent infrastructure developments support the fundamental case for growth. Tether recently launched cross-chain versions of USDt and Tether Gold on Solana. These tokenized stablecoin and gold products add on-chain liquidity and improve value transfer capabilities across the network.
Analysts believe real-world asset integrations attract institutional participants by reducing volatility and providing familiar financial products on blockchain infrastructure. These developments could strengthen Solana’s foundation for continued expansion as traditional finance entities increase their blockchain exposure.