Key Takeaways:
SOL Strategies, a Canadian public company, has partnered with Australian blockchain firm DigitalX to offer institutional Solana staking services. The collaboration between two publicly traded companies indicates a maturing market where transparency, regulation, and performance converge. Solana continues to emerge as a viable Ethereum alternative, with its staking ecosystem now gaining legitimacy through enterprise-grade custody and validator integration.SOL Strategies, a Canadian public company focused on Solana blockchain infrastructure, announced a partnership with Australian blockchain firm DigitalX on May 12 to funnel institutional stakes into BitGo’s custody, turning passive tokens into a regulated yield machine.
This collaboration seeks to combine SOL Strategies’ performance-focused validator network with BitGo’s institutional-grade security and custodial services, providing a secure and high-yield staking infrastructure for large-scale investors.
SOL Strategies Named Validator for DigitalX as Institutional Solana Staking Expands on BitGo
As part of the partnership, DigitalX will stake its Solana holdings through SOL Strategies, selecting the Canadian company as its validator.
SOL Strategies has developed a reputation for maintaining a performance-focused validator network that boasts consistent uptime and high security, ensuring that institutional clients can rely on a stable and efficient platform for their staking needs.
DigitalX, a company listed on the Australian Securities Exchange (ASX), specializes in managing blockchain investments and digital asset funds.
According to the announcement, the decision to partner with SOL Strategies aligns with DigitalX’s goal to increase its exposure to the Solana ecosystem while providing its clients with a secure and scalable solution for earning returns on their digital assets.
Leah Wald, CEO of SOL Strategies, commented on the collaboration, saying, “We’re thrilled to welcome DigitalX to our growing roster of institutional clients. Their decision to stake with us further validates the strength, security, and performance of the infrastructure we have built for sophisticated participants in the digital asset market.”
In addition, SOL Strategies’ integration with BitGo places it among a select group of institutional validator partners offering Solana staking through regulated custodians.
BitGo is one of the largest independent digital asset custodians in the world, providing institutional clients with secure and compliant solutions for managing their cryptocurrency assets.
By becoming part of BitGo’s platform, SOL Strategies strengthens its position in the institutional staking market while also providing DigitalX and other clients with access to high-yield Solana staking infrastructure that is secure, transparent, and compliant with regulatory standards.
This move is expected to accelerate institutional adoption of Solana as a staking asset, offering an alternative to traditional financial assets and providing clients with competitive yields that are not typically available through conventional investment vehicles.
SOL Strategies Ramps Up Validator Expansion, Eyes On-Chain Equity with Superstate
SOL Strategies is also accelerating its role as a key institutional player in the Solana ecosystem with a series of major moves.
On March 17, 2025, the Canadian public company completed the acquisition of three Solana validators, including Laine and analytics platform Stakewiz.com.
The deal brings Laine’s high-performance validator infrastructure under SOL Strategies’ control, further consolidating its position in the Solana staking market.
On May 5, SOL Strategies deployed the full $20 million tranche from its $500 million convertible note facility, acquiring 122,524 SOL at an average price of $148.96.
The purchase was announced via X the following day, and it was described as “building the institutional backbone of @solana, one block at a time.”
Just days later, on May 7, SOL Strategies revealed it was exploring bringing its equity on-chain.
The company signed a non-binding MOU with blockchain firm Superstate to tokenize its shares using the new “Opening Bell” platform, an SEC-compliant infrastructure for issuing and trading equities on-chain.
If executed, this move could position SOL Strategies as one of the first public companies to tokenize regulated equity on Solana, unlocking real-time settlement and global access for investors.
The firm’s validator footprint now spans over 3.3 million SOL across four nodes.
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