Solstice Finance Wins Investment From Bullish, Anchorage Digital

Solstice Finance, a Solana-based yield-generating protocol for institutions, said May 26 that it had secured institutional investment from Bullish, the New York Stock Exchange-listed crypto exchange, and digital-asset platform Anchorage Digital. The companies did not disclose the investment size.

Bullish committed capital to Solstice’s delta-neutral yield strategy, known as the eUSX strategy. Anchorage Digital took an investment position in the Solstice protocol itself.

The investments also deepen ties within the Global Dollar Network, or GDN, ecosystem that Solstice is part of. GDN is a stablecoin consortium of more than 100 institutions led by Paxos. USX, the payment asset underpinning the Solstice ecosystem, uses collateral including USDG, GDN’s digital dollar. Bullish and Anchorage Digital are also founding GDN members alongside Paxos.

Total assets deposited across Solstice products exceeded $400 million as of May 20. Beyond Bullish and Anchorage Digital, more than 20 global institutional investors — including Bitcoin Suisse, Pasānara Capital and RockawayX — are using Solstice.

“We built Solstice to deliver on-chain financial products tailored to institutional standards,” Chief Executive Officer Ben Nadarajski said. “This investment shows institutional infrastructure is taking hold in Solana’s decentralized-finance ecosystem.”

“Solstice has delivered results that can be rigorously verified,” Bullish President Chris Tyrer said. The capital commitment aligns with the company’s goal of bringing institutional-grade standards to on-chain markets, he added. Anchorage Digital Chief Executive Officer Nathan McCauley said Solstice was built with the regulatory and operational discipline institutions require and that the investment fits Anchorage’s strategic direction.