Summary:
Bybit, the world’s second-largest cryptocurrency exchange, has partnered with Anchorage Digital to provide institutional custody support for its staked SOL token, bbSOL. This collaboration strengthens bbSOL’s position as an institutional-grade liquid staking token (LST) within the Solana ecosystem, offering regulated entities a secure and compliant pathway to on-chain yield generation. By combining Bybit’s liquidity with Anchorage Digital’s federal oversight, the partnership enhances trust and accessibility for institutional participants in Solana DeFi.
What This Means for You:
- Enhanced Security: Institutional investors can now access bbSOL with bank-grade custody under U.S. federal oversight, reducing counterparty risk.
- Liquidity and Flexibility: bbSOL enables staking rewards while maintaining liquidity, allowing users to participate in Solana DeFi without locking up assets.
- Regulatory Assurance: The partnership ensures compliance with U.S. regulations, making bbSOL a trusted option for funds and asset managers.
- Future Outlook: This collaboration signals growing institutional interest in Solana’s ecosystem, potentially driving further innovation and adoption in DeFi.
Bybit’s bbSOL Gains Institutional Custody Support from Anchorage Digital, Reinforcing Its Institutional-Grade Standing:
DUBAI, UAE, Oct. 30, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced that its staked SOL token, bbSOL, is now supported for institutional custody by Anchorage Digital, home to the first federally chartered crypto bank in the United States.
This collaboration marks a significant step in positioning bbSOL as an institutional-grade liquid staking token (LST) within the Solana ecosystem, offering regulated entities a trusted pathway to participate in on-chain yield generation.
bbSOL, Bybit’s exchange-backed staked SOL asset, enables users and institutions to access Solana staking rewards while maintaining liquidity and flexibility. With Anchorage Digital Bank’s secure custody solution, bbSOL holders can now enjoy bank-grade security and compliance under U.S. federal oversight—building confidence among funds, asset managers, and enterprises seeking exposure to Solana DeFi.
“Anchorage Digital’s integration represents a major leap in bbSOL’s evolution as an institutional-ready product,” said Emily Bao, Head of Spot at Bybit and Founder of Byreal. “By combining liquidity with regulatory assurance, we’re offering institutions a compliant and transparent entry point into Solana’s DeFi landscape—anchored in the stability and integrity of Bybit.”
“We’re thrilled to unlock additional opportunities for institutions to participate in the Solana ecosystem through liquid staking, backed by Anchorage Digital’s security,” said Nathan McCauley, CEO and Co-Founder, Anchorage Digital.
Through Anchorage Digital’s infrastructure, bbSOL now bridges exchange-grade performance with institutional-grade protection. The partnership underscores Bybit’s commitment to shaping a secure, compliant, and yield-efficient gateway to decentralized finance for the next wave of institutional participants.
#Bybit / #CryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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Extra Information:
Solana Official Website – Learn more about the Solana blockchain and its ecosystem.
Anchorage Digital – Explore Anchorage Digital’s institutional-grade custody solutions.
Bybit bbSOL Staking – Details on how to stake SOL through Bybit.
People Also Ask About:
- What is bbSOL? bbSOL is Bybit’s staked SOL token, enabling users to earn staking rewards while maintaining liquidity.
- Why is institutional custody important for bbSOL? It ensures bank-grade security and regulatory compliance, attracting institutional investors.
- How does Anchorage Digital support bbSOL? Anchorage Digital provides federal oversight and secure custody for bbSOL.
- What are the benefits of liquid staking? It offers liquidity and flexibility while earning staking rewards.
- How does this partnership impact Solana DeFi? It boosts institutional participation and trust in Solana’s ecosystem.
Expert Opinion:
This partnership between Bybit and Anchorage Digital is a pivotal moment for institutional adoption in the Solana ecosystem. By combining liquidity with regulatory assurance, it bridges the gap between traditional finance and decentralized finance, paving the way for broader institutional participation in crypto staking and DeFi.
Key Terms:
- Institutional-grade liquid staking token
- Solana staking rewards
- Anchorage Digital custody
- Regulated crypto staking
- Solana DeFi ecosystem
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