Cathie Wood's ARK Invest has appointed SOL Strategies as its institutional staking provider for Solana (SOL), transferring validator operations to their infrastructure with BitGo serving as custodial partner. This partnership underscores Solana's growing institutional appeal and strengthens ARK's blockchain investment strategy through its Digital Assets Revolutions Fund.
SOL Strategies, which currently manages over 3.59 million SOL tokens, will deliver enterprise-grade staking support. CEO Leah Wald called the selection "significant validation of our institutional infrastructure," noting ARK's reputation for forward-thinking crypto investments. BitGo's involvement provides critical security assurances through regulated custody solutions, addressing institutional concerns about asset protection.
The collaboration signals accelerating institutional adoption of Solana staking, driven by yield generation opportunities in low-interest environments and maturing crypto infrastructure. ARK's move follows its history of blockchain advocacy, including prior Solana and Ethereum ETF initiatives. Experts suggest this could catalyze broader institutional participation, similar to Ethereum's staking evolution through platforms like Coinbase Institutional.