Anchorage Digital, a federally chartered crypto bank valued at $4.2 billion, has acquired a strategic stake in SLX, the native token of Solstice Finance. Solstice, a Solana-based protocol, offers institutional-grade yield infrastructure and recently completed its token generation event. This investment aligns Anchorage with over 30 institutions, including Bullish and Bitcoin Suisse AG, already participating in Solstice's ecosystem.
Both Anchorage and Solstice are part of the Global Dollar Network, a consortium led by Paxos aiming to build a regulated digital dollar ecosystem. Solstice's flagship product, eUSX, is a delta-neutral yield strategy that has consistently posted positive returns since its launch. As of late May, Solstice's total value locked exceeded $400 million, with SLX experiencing a trading volume of $205 million against a market cap of $50 million. Anchorage's investment is seen as a strong endorsement of Solstice's institutional-grade onchain yield model.
Anchorage Digital Acquires Stake in Solstice Finance's SLX Token
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