NEWTOWN, PA — Solana Company (NASDAQ: HSDT) announced it has launched a digital asset treasury in collaboration with Anchorage Digital and Kamino, enabling institutions to borrow against natively staked SOL held in qualified custody.
The company said the structure is designed to allow institutions to earn staking rewards while accessing on-chain liquidity through a tri-party custody model.
Under the arrangement, Anchorage Digital will act as collateral manager for natively staked SOL. The digital assets will remain in segregated accounts at Anchorage Digital Bank while their economic value is reflected within Kamino’s lending markets, according to the release.
Solana Company said the model enables institutions to maintain custody, compliance and operational controls while accessing borrowing and lending markets on the Solana blockchain.
Nathan McCauley, chief executive officer and co-founder of Anchorage Digital, said the structure is intended to provide institutions with access to on-chain liquidity without relinquishing qualified custody.
Cheryl Chan, head of strategy at Kamino, said the collaboration allows institutions to borrow against assets held within a regulated custody framework.
The companies said Anchorage Digital’s collateral management platform will provide continuous monitoring of loan-to-value ratios and execute margin and collateral adjustments when required.
Solana Company described the initiative as a framework that could be replicated by other treasury firms and institutional investors seeking to participate in protocol-based borrowing markets.
Solana is a blockchain network that processes thousands of transactions per second and supports staking of its native token, SOL. Solana Company said it serves as a long-term holder of SOL while continuing its neurotechnology and medical device operations.
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