BitGo Adds Jupiter, Operator of a $993 Million Solana Validator, to Its Custody Staking Options
By Unchained
AI summary of the source article
BitGo has added Solana trading and DeFi platform Jupiter as a validator option for institutional custody clients. The integration allows eligible clients to delegate SOL directly from their existing BitGo accounts to a Jupiter-run validator.
Why it matters
BitGo's Abel Seow stated that “Staking is an important part of how institutions manage their SOL holdings, and it needs to fit into their existing custody and approval processes,” while Jupiter's Kash Dhanda noted the partnership brings “institutional SOL into it on terms those institutions already trust.”
Key facts
- Jupiter joins BitGo's other Solana validator partners: SOL Strategies, Helius, and HashKey Cloud.
- Jupiter's main validator held approximately 9.72 million SOL in active stake, valued at roughly $993 million.
- Jupiter keeps 5% of inflation rewards earned by delegators and takes nothing from MEV tips.
Source excerpt · Unchained
Jupiter becomes the fourth named Solana validator partner for BitGo's institutional clients, joining SOL Strategies, Helius and HashKey Cloud, though neither firm has disclosed what the new option costs. The post BitGo Adds Jupiter, Operator of a $993 Million Solana Validator, to Its Custody Staking Options appeared first on Unchained .