Bybit has announced a major milestone: its bbSOL token is now supported by Anchorage Digital, the first federally chartered crypto bank in the United States. The update was shared via Bybit's official X account on October 29, 2025, and quickly garnered attention from the crypto community. This partnership aims to make bbSOL an institutional-grade liquid staking token within the Solana ecosystem, combining liquidity, compliance, and bank-level security.
bbSOL is Bybit's liquid staking token on the Solana blockchain, allowing users to stake Solana (SOL) and receive bbSOL in return. Unlike traditional staking, where assets are locked, bbSOL enables trading and use in DeFi applications while continuing to earn staking rewards. This approach provides flexibility and steady income, making staking more accessible for beginners and institutions seeking compliant DeFi participation.
Anchorage Digital brings bank-level security and regulatory backing to the collaboration, having been approved by the Office of the Comptroller of the Currency (OCC). This enhances trust and protection for investors, as assets are custodized under regulated systems, which is particularly appealing for large investors entering DeFi. Additionally, Anchorage helps Bybit adhere to clear financial rules, balancing innovation with control.
The initiative strengthens the Solana ecosystem by potentially increasing liquidity, supporting more projects, and building confidence in the network. As Solana expands, secure and regulated tools like bbSOL are expected to play a key role in its growth and adoption.
This partnership highlights the broader trend of integrating DeFi with traditional banking, promoting a safer and more transparent crypto future. bbSOL could serve as a model for other tokens, demonstrating how crypto can evolve responsibly while maintaining core principles of freedom and security.
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