LST JitoSOL, a Solana-based liquid staking token has received backing from federally chartered Anchorage Digital bank. This integration makes JitoSOL the first Solana LST to be backed by a US federally chartered bank. The move is likely to increase institutional access to Solana’s decentralized finance (DeFi) ecosystem.

In January 2021, Anchorage Digital received a national trust charter from the Office of the Comptroller of the Currency (OCC). Now, they’ll be providing custody services as well as a customized mint and redeem experience for JitoSOL directly from their platform. The Jito Foundation sees this collaboration as an essential part of furthering support for the Solana ecosystem.

According to the Jito Foundation, JitoSOL's integration with Anchorage Digital makes liquid staking and the Solana DeFi ecosystem accessible to a growing number of institutions. On the question of whether JitoSOL itself should be considered a security under US law, the foundation claimed that it does not.

"With support for in-kind creation and redemption, primary and secondary market liquidity, and compatibility with a trusted partner like Anchorage Digital, JitoSOL satisfies many of the operational requirements that modern ETF issuers — and other developers of regulated financial products — must address." - Thomas Uhm, Chief Commercial Officer at Jito Foundation

As Thomas Uhm, Chief Commercial Officer at Jito Foundation said, when creating regulated financial products, this integration will be key. He added that Anchorage Digital’s support fulfills a broad range of operational needs that today’s fiduciary-focused ETF issuers require.

"Anchorage Digital is proud to offer expanded support for JitoSOL, starting with custody and now delivering a seamless, custom-built mint and redeem experience right from our platform. This latest integration marks our growing support for the Solana ecosystem. We’re excited to make liquid staking and the Solana DeFi ecosystem accessible to a growing number of institutions." - Nathan McCauley, CEO of Anchorage Digital

Nathan McCauley, CEO of Anchorage Digital shared his enthusiasm for the integration, saying, “He stressed the company’s commitment to increasing support for the Solana ecosystem. He continued on to say that Anchorage Digital is excited to make liquid staking available. And they are ambitious to help the Solana DeFi ecosystem become available to any institution looking to leverage DeFi.

The collaboration aims to "position JitoSOL as one of the most accessible and well-prepared assets for integration into mainstream financial products," according to the Jito Foundation. The team believes that this will "pave the way for broader adoption by regulated financial entities."

Jito (@jito_sol) announced the JitoSOL news on July 1, 2025, via a tweet (1940037933257425377), including a link (https://t.co/ZS7T0YxkrO) for additional information. Today’s announcement reinforces the increasing momentum and activity in the Solana DeFi ecosystem.

Anchorage Digital’s backing for JitoSOL is an important milestone for the Solana ecosystem. Being a federally chartered bank, Anchorage Digital creates a profound level of trust with its clients. This degree of regulatory adherence may help attract institutional investors to the Solana DeFi ecosystem.

As an example of this, JitoSOL is soon integrating with Anchorage Digital. This deep partnership will make it easier for institutions to access and engage with Solana’s robust DeFi ecosystem. Anchorage Digital not only provides custody services but a lightly-customized mint and redeem experience. JitoSOL provides a robust platform that allows you to confidently manage your JitoSOL with security and efficiency.