Institutional investors can now leverage their staked Solana (SOL) as collateral for loans, a first-of-its-kind offering enabled by a partnership between Anchorage Digital, Kamino, and the Solana Company, announced February 13, 2026.
The collaboration integrates Kamino’s protocol directly into Anchorage Digital’s institutional-grade collateral management platform, Atlas. This allows accredited and institutional entities to access liquidity without unstaking their SOL, thereby continuing to earn staking rewards. Traditionally, unlocking liquidity from staked assets required unstaking, resulting in forfeited rewards and potential unlock periods.
Anchorage Digital, a federally-chartered crypto bank operating under the oversight of the Office of the Comptroller of the Currency (OCC), will act as the collateral manager for the natively-staked SOL. All collateral will remain held in the borrower’s segregated account at Anchorage Digital Bank, according to the Solana Company.
This development follows Anchorage Digital’s earlier achievement as the first U.S. Bank to enable Solana staking through a regulated Exchange Traded Fund (ETF), the REX-Osprey Solana + Staking ETF, launched under the Investment Company Act of 1940. Anchorage serves as the exclusive custodian and staking partner for the fund, ensuring regulated exposure to SOL and the distribution of staking rewards to ETF shareholders. Unlike spot Bitcoin or Ethereum ETFs, this ETF requires a qualified custodian, a role currently held solely by Anchorage Digital.
Anchorage Digital too now supports the minting and redemption of JitoSOL, Solana’s largest liquid staking token, allowing clients to stake SOL directly through its platform without utilizing third-party applications. This expands institutional access to both SOL ETF staking and liquid staking through a single platform.
The partnership with Kamino brings sophisticated on-chain liquidity management to a regulated setting. Kamino’s protocol automates complex decentralized finance (DeFi) strategies on the Solana blockchain. Anchorage Digital’s Atlas platform provides the regulatory-compliant framework for these activities.
The service aims to address a key challenge for institutional crypto investors: the trade-off between liquidity and staking rewards. By enabling loans against staked SOL, Anchorage Digital, Kamino, and the Solana Company are attempting to unlock greater capital efficiency within the digital asset ecosystem.
