Anchorage Digital named institutional custodian of Bybit's Solana staking asset bbSOL

Crypto exchange Bybit announced that ￰0￱ chartered crypto bank Anchorage Digital now supports institutional custody for its staked SOL coin, ￰1￱ exchange noted that the collaboration enhances bbSOL’s institutional-grade LST standing within the Solana ￰2￱ emphasized that bbSOL enables institutions and users to maintain flexibility and liquidity when accessing Solana staking ￰3￱ also helps small investors, including beginners, to earn rewards without taking significant ￰4￱ is a meaningful step toward closing the gap between traditional finance and ￰5￱ exchange added that Anchorage Digital Bank’s custody solution means bbSOL holders can access bank-grade compliance and security under the oversight of the ￰6￱ ￰7￱ recently reported that Bybit plans to develop solutions for efficient liquidity management in response to increasing institutional ￰8￱ exchange raised the daily withdrawal limits for VIP tiers 1 to 3 by 33.3%, from 6 million to 8 million USDT, and up to 60 million USDT for top-tier ￰9￱ 4 through Pro 2 can withdraw up to 30 million USDT, while VIP Pro tiers 3 to 5 can withdraw 35 million, 40 million, and 50 million USDT, ￰10￱ says Bybit is offering institutions an entry point to SOL DeFi Bybit Staked SOL (bbSOL) is now supported for custody through @Anchorage ￰11￱ is an exchange-backed SOL LST now supported by a ￰12￱ regulated crypto bank, broadening access for participation in the @solana DeFi ￰13￱ — Byreal (@byreal_io) October 29, 2025 Bybit’s Head of Spot and Founder of Byreal, Emily Bao, stated that by combining regulatory assurance with liquidity, the company now provides institutions with an entry point into SOL’s DeFi ￰14￱ added that integrating with Anchorage Digital represents a big leap for bbSOL’s status as an institutional-ready product.

meanwhile, Nathan McCauley, the co-founder and CEO of Anchorage Digital, said the collaboration aims to unlock additional opportunities for institutions to participate in SOL’s liquid ￰15￱ bbSOL token bridges institutional-grade security with exchange-grade performance. “We’re thrilled to unlock additional opportunities for institutions to participate in the Solana ecosystem through liquid staking, backed by Anchorage Digital’s security.” – Nathan McCauley , Co-Founder and CEO of Anchorage Digital CoinMarketCap data shows that bbSOL is currently trading at $209.22, representing a 6.89% decline over the past 24 ￰16￱ also has a 24-hour trading volume of $2.39 million, a total supply of 1.61 million bbSOL, and a market capitalization of $338.32 ￰17￱ token has a TVL of $393.49 million and an estimated APY of 5.72%.

Anchorage Digital expands options for regulated staking Anchorage Digital reportedly added bbSOL to its custodial services as part of its mission to bring compliant crypto yield products to a broader range of ￰18￱ crypto bank stated that its custody platform provides insurance protection, regulatory oversight, and secure key ￰19￱ crypto bank’s partnerships with exchanges focus on satisfying institutional compliance requirements. bbSOL’s regulated custody model will be Anchorage Digital’s blueprint for similar integrations on other ￰20￱ ￰21￱ of the Comptroller of the Currency (OCC) recently stated that Anchorage Digital’s compliance has sufficiently improved, reversing an earlier consent ￰22￱ Nathan McCauley welcomed the decision, noting that it demonstrated that crypto businesses can work within federally regulated ￰23￱ Digital also disclosed that it has been working with regulators to resolve concerns highlighted in the original 2022 OCC consent ￰24￱ also emphasized that the crypto bank has invested substantial resources in developing a robust compliance program, positioning itself as a leader in the crypto regulatory ￰25￱ boasted that his company managed to reverse the OCC consent order by addressing feedback from ￰26￱ termination of the OCC consent order is part of a regulatory shift under the President Donald Trump ￰27￱ regulations have reportedly softened their approach to crypto enforcement over the years, signaling a more supportive and collaborative environment for crypto ￰28￱ Bybit now and claim a $50 bonus in minutes