Solana Company (HSDT), together with Anchorage Digital and Kamino, launched “the first-ever” digital asset treasury to enable borrowing against natively staked SOL in qualified custody. The company said, “Under the innovative structure, Solana Company will collaborate to bring institutional capital to Solana’s high-performance DeFi ecosystem through a first-of-its-kind tri-party custody model. Anchorage Digital will act as collateral manager for natively-staked SOL, enabling institutions to earn staking rewards while simultaneously unlocking borrowing power on Kamino. All collateral will remain held in the borrower’s segregated account at Anchorage Digital Bank. Using Atlas collateral management, Anchorage Digital provides 24/7 automated oversight of loan-to-value ratios, orchestrates margin and collateral movements, and executes rules-based liquidations when required. This provides institutions with familiar risk, compliance, and operational controls while enabling direct participation. This model is purpose-built for institutions seeking protocol-native credit while retaining the benefits of working with a federally-regulated qualified custodian. With Atlas, institutions receive both on-chain borrowing and the safety of industry-leading custody standards. Beyond the initial deployment, the collaboration is designed as a repeatable blueprint for institutional participation in protocol borrowing. It can be reused by other investors, venture firms, and protocols seeking to serve institutional markets.”
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