NYDFS-licensed Standard Custody brings Solana staking to institutions
Cointelegraph
Published Nov 10, 2021 09:00AM ET
Updated Nov 10, 2021 11:20AM ET
Standard Custody & Trust Company, a digital asset custodian based in New York, has expanded its crypto offerings to include Solana (SOL), giving institutional investors the ability to stake and custody the world’s sixth-largest cryptocurrency.
Beginning Wednesday, institutional investors will have the ability to interact directly with Solana’s rapidly growing ecosystem through both segregated and on-chain accounts, with staking services offered through Figment, an application layer solution provider for institutions. The company said it also plans to provide custody services for Solana Program Library tokens, which are a collection of on-chain programs.
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Written By: Cointelegraph
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