Anchorage to Offer Institutional Loans Collateralized by Staked Solana (SOL)

Source
JH Kim

Summary

  • Anchorage Digital said it will offer institutional investors a lending service collateralized by staked Solana (SOL).
  • Anchorage said it partnered with Kamino (KMNO) and Solana Company to integrate the Kamino protocol into its collateral management platform, Atlas.
  • Anchorage said institutional investors will be able to secure liquidity by borrowing against staked SOL while continuing to earn staking rewards.

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Anchorage Digital, a digital-asset (cryptocurrency) bank, is offering institutional investors a lending service collateralized by staked Solana (SOL).

According to crypto-focused media outlet Cointelegraph on the 13th (local time), Anchorage introduced the feature in partnership with Solana-based automated liquidity management protocol Kamino (KMNO) and Solana Company. To that end, it integrated the Kamino protocol into its collateral management platform, Atlas.

As a result, institutional investors can secure liquidity by borrowing against staked SOL while continuing to earn staking rewards. The structure allows them to maintain their investment strategy without selling the asset.

Anchorage is a US-based digital-asset bank providing institutional digital-asset custody and financial services.

Photo=Shutterstock
Photo=Shutterstock
JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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