Anchorage Digital has partnered with Kamino Finance (KMNO) and Solana Company (HSDT) to enable institutions to borrow against Solana (SOL) while maintaining regulated custody.
Anchorage Digital opens the door to institutional lending with SOL at stake
Anchorage Digital has announced a strategic partnership with Kamino Finance and Solana Company to enable institutions to borrow against locally staked SOL without giving up regulated custody of their assets.
According to One, the collaboration introduces a three-party custody structure designed to remove long-standing barriers that have prevented institutions from fully engaging in on-chain lending markets. statement On Friday. It combines Anchorage Digital’s collateral management infrastructure with Kamino’s decentralized lending markets and Solana Company’s digital asset treasury capabilities.
Under the arrangement, institutions can deploy their staked SOL as collateral to access borrowing liquidity on Kamino’s platform, while their assets remain securely stored in segregated accounts at Anchorage Digital Bank.
Anchorage will serve as the collateral manager within the digital framework, providing automated, around-the-clock monitoring of loan-to-value ratios, margin requirements and liquidation triggers.
“Atlas Collateral Management allows institutions to seamlessly hold staked SOL with a qualified custodian while using it productively, bringing institutional-grade risk management to Solana’s debt markets,” said Nathan McCauley, CEO and co-founder of Anchorage Digital.
This model allows institutions to earn up to 7% basic stake yield on SOL while unlocking liquidity for lending and borrowing activities.
It also supports a wide range of collateral types for the protocol, including standard digital assets like BTC, ETH, and SOL, as well as fiat positions.
“Reach a new class of institutional borrowers by accepting the full spectrum of collateral, from standard digital assets to reward-bearing, unwrapped (native BTC or ETH), and fiat positions,” the firm wrote.
This flexibility is expected to make the system attractive to institutional portfolios with diverse asset allocations.
Cosmo Jiang, general partner at Pantera Capital and board member of Solana Co, said the model demonstrates how regulated custody infrastructure can be integrated with decentralized lending markets. “Simply put, this scalable model is the blueprint that other treasury companies will follow and institutional investors will demand,” Jiang said.
Solana will serve as the first treasury unit to adopt the company structure. Established in collaboration with Pantera Capital and Summer Capital, the firm aims to optimize its SOL treasury holdings while expanding exposure to the public market for the asset.
At the time of writing SOL and KMNO are trading around $84 and $0.029, up approximately 10% and 8% respectively in the last 24 hours.
