Shares of Solana Company (NASDAQ: HSDT) jumped about 17% after the firm introduced a structure allowing institutions to borrow against natively staked SOL while keeping tokens in segregated custody.
The company partnered with Anchorage Digital and Kamino to facilitate loans backed by staked SOL held in custody accounts. This approach enables holders to maintain staking rewards while unlocking liquidity without selling or unstaking assets.
The announcement helped the stock rebound to around $2.30 from recent lows, though shares remain sharply lower since the firm pivoted to a Solana-focused treasury strategy last year.
The initiative is designed to help institutional investors manage capital more efficiently during a prolonged downturn in Solana-linked equities and broader crypto markets.
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