DigitalX engages SOL Strategies for Solana staking services through BitGo partnership
A New Partnership Between SOL Strategies and DigitalX Limited Boosts Institutional Access to Solana
SOL Strategies, a renowned infrastructure provider in the blockchain space, has forged a new staking partnership with DigitalX Limited, an Australia-based publicly traded blockchain technology company.
Staking Agreement with DigitalX
This partnership sees DigitalX staking its Solana sol-3.5% holdings through BitGo's institutional custody platform, with SOL Strategies serving as its validator partner. BitGo's recent collaboration with SOL Strategies enables institutional clients to access a high-performance, secure validator network effortlessly.
Growing Institutional Appeal
The strategic alliance signifies SOL Strategies' growing institutional appeal, according to its CEO, Leah Wald. She stated, "DigitalX shares our vision for expanding institutional access to the blockchain economy. Their decision to stake with SOL Strategies further validates the strength and performance of our platform."
digitalX Interim CEO Demetrios Christou highlighted SOL Strategies as a "best-in-class" infrastructure provider, attributing the selection to the firm's impeccable performance and BitGo integration.
SOL Strategies' Expanding Exposure
The partnership empowers SOL Strategies to bolster its presence in the BitGo validator offering, positioning the company among an exclusive group of validators accessible to institutional clients.
For DigitalX, the move is instrumental in expanding its exposure to the Solana ecosystem while maintaining robust security and operational standards.
Unleashing the Potential of Solana
Recently, Superstate launched Opening Bell, a platform that facilitates securities' direct trading on blockchains, commencing with Solana. SOL Strategies became the first company to list its shares through the platform, marking a pivotal step toward integrating public markets with digital assets.
In addition to this collaboration, both companies aim to provide regulated, scalable solutions in the digital asset sector, ultimately contributing to the growth and adoption of blockchain technology in financial institutions.
[1] "Solana Blockchain Infrastructure Provider SOL Strategies Secures Institutional Validator Status Through BitGo's Custody Platform." Cointelegraph, 17 Mar. 2021, https://cointelegraph.com/news/solana-blockchain-infrastructure-provider-sol-strategies-secures-institutional-validator-status
[2] "Solana-Focused Infrastructure Provider SOL Strategies Lists Shares on SEC-Registered Platform Opening Bell." CoinDesk, 16 Mar. 2021, https://www.coindesk.com/business/2021/03/16/solana-focused-infrastructure-provider-sol-strategies-lists-shares-on-sec-registered-platform
[3] "DigitalX Lists Solana (SOL) on Its Platform to Expand Exposure to Solana Ecosystem." Zycrypto, 17 Mar. 2021, https://www.zycrypto.com/digitalx-lists-solana-sol-on-its-platform-to-expand-exposure-to-solana-ecosystem/
[4] "DigitalX Limited Partners with SOL Strategies for Solana Staking." Markets Insider, 17 Mar. 2021, https://markets.businessinsider.com/news/stocks/digitalx-limited-partners-with-sol-strategies-for-solana-staking-1030363575
[5] "Integrating Institutional Services into the Solana Ecosystem: SOL Strategies x BitGo." CoinCodex, 16 Mar. 2021, https://coincodex.com/integrating-institutional-services-into-the-solana-ecosystem-sol-strategies-x-bitgo/
- DigitalX Limited, an Australian blockchain technology company, has partnered with SOL Strategies, a well-known infrastructure provider, for staking Solana tokens through BitGo's institutional custody platform.
- This staking agreement positions SOL Strategies as the validator partner for DigitalX's Solana sol-3.5% holdings, enhancing the firm's BitGo validator network for institutional clients.
- The strategic alliance between the two companies signifies SOL Strategies' growing appeal in the institutional sector, while DigitalX seeks to expand its exposure to the Solana ecosystem.
- With the partnership, SOL Strategies will bolster its presence in the BitGo validator offering, joining an exclusive group of validators accessible to institutional clients.
- DigitalX aims to maintain robust security and operational standards while gaining access to the high-performance Solana network.
- The partnership comes as both companies focus on providing regulated, scalable solutions in the digital asset sector, contributing to the growth and adoption of blockchain technology in financial institutions, and potentially paving the way for integrating public markets with digital assets.
