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Crypto.com has announced a new partnership with SOL Strategies in a strategic move to bolster institutional adoption within the Solana ecosystem.
This collaboration aligns with the growing demand for secure, compliant digital asset management solutions, with Solana one of the digital assets seeing notable resurgence across the market.
Crypto.com’s partnership with SOL Strategies
The partnership represents a symbiotic relationship designed to enhance service offerings for institutional clients in the rapidly evolving digital asset space.
SOL Strategies will allocate a portion of its treasury operations to Crypto.com Custody.
In return, Crypto.com gains access to SOL Strategies’ validator services, which will be seamlessly integrated into its platform.
This exchange not only diversifies risk for SOL Strategies but also enriches Crypto.com’s network with reliable staking and validation capabilities.
Crypto.com’s head of institutional sales, Eesa Ahmad, shared details of what this move means via X.
Excited to announce our partnership with SOL Strategies Inc. (Nasdaq: STKE)…! We look forward to safeguarding a portion of their treasury with our qualified custodian and making their validator suite available for our institutional custody clients. SOL Strategies’
Eric Anziani, president and chief operating officer of Crypto.com, emphasized this in his statement.
“Public companies building out their digital asset treasury require a safe, secure, and compliant custody solution and reliable staking options. We are pleased to partner with SOL Strategies not only to provide them with trusted treasury custody solutions, but also to enhance our validator network.”
Michael Hubbard, interim CEO of SOL Strategies, echoed this sentiment, highlighting the firm’s dual-role model:
“This partnership validates our position as an institutional-grade Solana infrastructure provider.
By making our validators available through Crypto.com’s custody platform, we’re expanding access to our proven validator services while prudently diversifying our own treasury custody operations.”
SOL Strategies’ eyes on SOL traction
At the core of this partnership lies a sophisticated treasury strategy tailored for the volatile yet opportunity-rich crypto landscape.
SOL Strategies, which manages substantial SOL holdings as part of its treasury, will now benefit from Crypto.com Custody’s fortified environment.
This integration ensures that assets are protected against cyber threats. It also applies to operational disruptions, and regulatory scrutiny.
Meanwhile, it will boost efficient yield generation via staking.
Public companies and high-net-worth individuals eyeing SOL will benefit from this setup.
Essentially, Crypto.com and Sol want to help investors by mitigating counterparty risks.
Furthermore, support means taking advantage of long-term holding strategies without compromising liquidity.
Another boost for SOL Strategies
SOL Strategies is one of the top Solana treasury asset companies, and its partnership with Crypto.com expands on its growing traction.
In this case, SOL Strategies’ validators will empower Crypto.com’s institutional clients. That means they get to participate directly in Solana’s proof-of-stake consensus mechanism.
By embedding SOL Strategies’ validators into Crypto.com’s ecosystem, the partnership fosters greater interoperability and trust in Solana’s infrastructure.
The move means institutions can now pursue diversified staking portfolios and yield on SOL holdings.
SOL Strategies holds over 435,000 SOL. However, it recently closed a C$30M offering with proceeds aimed at adding over 80,000 $SOL to the company’s treasury.
Funds will also be used to expand its validator operations.
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