Jul 16 2025
Liquid Collective, the open and interoperable staking network, today announced the launch of Liquid Staked SOL (LsSOL), expanding its institutional-grade liquid staking offering to the Solana ecosystem. The launch establishes a new standard for compliance-focused, secure, and liquid staking on Solana, addressing growing demand from institutional participants and ETPs.
LsSOL is launched in collaboration with Anchorage Digital, Coinbase, Fireblocks, Galaxy, and Kraken, who are providing day-one support and institutional access to LsSOL alongside the broad collective of industry leaders that build and support Liquid Collective.
“With LsETH, we proved that a collective and interoperable model built around long-term institutional partners can scale secure, reliable staking infrastructure,” said Mara Schmiedt, CEO & Co-Founder at Alluvial, a team supporting Liquid Collective’s development. “Now we’re bringing that same model to Solana with the same caliber of partners, the same commitment to standards, and the same focus on building for what institutions actually need.”
Tapping into a multi-billion dollar market opportunity
This launch comes as institutional interest in Solana is reaching an inflection point. Grayscale and six other asset managers have filed S-1 applications to launch spot SOL ETFs in the US, with recent Bloomberg analysis estimating 95% odds of approval in 2025. JPMorgan estimates spot Solana ETFs in the US could attract $3-$6B in their first six months, once approved by regulators.
With over $21 billion in SOL currently unstaked and only 14% of staked SOL using liquid solutions, there’s significant room for institutional adoption. Solana’s high staking participation rate signals strong native demand and competitive reward dynamics—especially when compared to Ethereum and global interest rates. As more institutions look to enter, capital-efficient solutions to manage and grow staked collateral are becoming essential.
Anchorage Digital will provide custody at launch, making LsSOL accessible to institutions through its secure platform. Fireblocks enables on-demand minting and redemption directly from institutions’ existing custody workflows. Kraken expands access with listed LsSOL trading pairs against SOL, USD, and EUR. Coinbase Prime Onchain Wallet provides support for LsSOL mint/redeem access and non-custodial storage, allowing institutions to securely use LsSOL onchain. Galaxy plays a dual role—providing deep liquidity behind LsSOL, while also accepting LsSOL as collateral for structured products via Galaxy Global Markets. Alluvial supports seamless enterprise integration through SOC2-compliant APIs, helping exchanges and custodians onboard LsSOL quickly and securely.
Together, these teams bring their proven formula of collaboration across market-leading participants to LsSOL—built for institutions and accessible to all.
Liquid Collective's Liquid Staked ETH (LsETH), launched on Ethereum, has grown 215% in ETH staked year-to-date, representing over $1B in TVL, reaching the 6 spot among liquid staking tokens and gaining support across 25+ leading platforms.
LsSOL also plans to expand its active set through enterprise-grade operators, with validator requirements informed by the Node Operator Risk Standard (NORS) framework, a model pioneered by Liquid Collective for Ethereum and now in exploration for broader network application.
"Institutions are increasingly moving onchain and require secure, comprehensive custody and staking solutions. Coinbase Prime is the industry standard in safeguarding digital assets, with institutional-grade security, compliance and infrastructure as the foundation of our platform. Through our Prime Onchain Wallet, we're pleased to further diversify our Solana staking offering by supporting LsSOL from day one,” said Lewis Han, Head of Staking Sales at Coinbase.
“Anchorage Digital enables institutions to participate in emerging areas of the digital asset ecosystem like liquid staking on Solana while maintaining the highest standards of security and a regulatory-first approach. Supporting LsSOL is the latest example of our ongoing commitment to the Solana ecosystem, and to pioneering new ways to unlock rewards for our clients,” said Rachel Anderika, Chief Operating Officer at Anchorage Digital Bank.
“Institutional momentum around Solana is accelerating—and secure, scalable infrastructure is critical to meeting that demand,” said Ezra Solomon, Staking Strategy Lead at Fireblocks. “By integrating LsSOL into the Fireblocks platform, we’re giving our clients the ability to mint, redeem, and custody LsSOL within a trusted, enterprise-grade environment. It’s seamless access to staking and rewards, without compromising on security or operational control.”
"The demand for institutional-grade assets on Solana is accelerating. LsSOL provides a crucial piece of infrastructure that allows institutions to participate in staking without sacrificing liquidity or security. At Galaxy, we are proud to support LsSOL by providing deep liquidity behind LsSOL and accepting LsSOL as collateral. This collaboration is a significant step forward in building out the sophisticated, enterprise-ready financial ecosystem on Solana," said Zane Glauber, Head of Strategic Opportunities at Galaxy.
Moving forward: Advancing Solana’s decentralization and security
The expansion marks a pivotal moment for Liquid Collective, extending its vision for a multichain staking standard beyond its established success on Ethereum. The launch is designed to support the growing institutional and ETP landscape on Solana, while laying the groundwork for broader participation from brokerages, fintechs, and exchanges serving a global user base.
By leveraging a collaborative model, akin to the Visa network or Circle’s USDC, LsSOL represents a market-neutral staking solution that brings together a powerful ecosystem of partners dedicated to defining the next standard in institutional-grade staking.
