23 Oct
23Oct

SOL Strategies Inc. and Netcoins, a regulated Canadian crypto exchange and subsidiary of BIGG Digital Assets Inc., have formed an institutional staking alliance to expand access to compliant, high-yield Solana ($SOL) staking for institutional clients in North America.


Key Partnership Details

  • Enhanced Infrastructure: Netcoins will migrate its Solana staking operations to SOL Strategies' enterprise-grade validator infrastructure.
  • Dual Focus: This move is designed to offer Netcoins’ customers higher staking yields while strictly adhering to Canadian securities regulations.
  • Institutional Compliance: SOL Strategies' Chief Operating Officer, Andrew McDonald, emphasized that their operations are built specifically to meet the institutional requirement for both high-yield performance and robust regulatory compliance.
  • Reliability Benchmark: Netcoins’ CEO, Fraser Matthews, confirmed that the selection of SOL Strategies was based on its demonstrated excellence in infrastructure strength and operational reliability, aiming to set a new benchmark for institutional staking in Canada.

SOL Strategies' Ecosystem Role

SOL Strategies is positioned as a key player in the institutional staking market, currently operating four validators that serve over 15,000 wallets. Its institutional clients include major entities like BitGo and Crypto.com, with validator partnerships extending to projects such as Pudgy Penguins and Solana Mobile. The company employs a unique hybrid model, combining a large Solana treasury with a revenue-generating validator business.


Solana Market Outlook

Despite a weekly decline, the market outlook for Solana remains cautiously bullish.

  • Current Trading: At the time of reporting, SOL was trading at $181.93.
  • Key Support: The $180 level is considered a crucial support zone.
  • Consolidation: Analysts from BitGuru note that Solana is currently consolidating between $180 and $195, indicating a gradual accumulation trend. A confirmed break above $195 could lead to a move toward the $210–$220 range, while a drop below $180 could test support near $172.

Analysts suggest that the growth in institutional staking, highlighted by this alliance, is a factor that will support Solana’s long-term recovery once the broader market stabilizes.

October 2025, Cryptoniteuae

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