Quick Breakdown
- Bybit’s staked SOL token, bbSOL, is now supported by Anchorage Digital, the first federally chartered crypto bank in the U.S.
- The partnership provides institutional-grade custody and compliance, enabling regulated entities to safely access Solana’s DeFi ecosystem.
- bbSOL combines on-chain liquidity and staking rewards with bank-level security, positioning it as a trusted liquid staking asset for institutional investors.
Bybit has announced that its staked Solana token, bbSOL, will now be supported by Anchorage Digital, the first federally chartered crypto bank in the United States. The partnership brings institutional-grade custody and compliance to bbSOL, expanding its appeal to funds and enterprises seeking regulated exposure to Solana’s DeFi ecosystem.
Bybit Staked SOL (bbSOL) is now supported for custody through @Anchorage Digital.
bbSOL is an exchange-backed SOL LST now supported by a U.S. federally regulated crypto bank, broadening access for participation in the @solana DeFi ecosystem.
Read more: https://t.co/PMa4Wiw9EX… pic.twitter.com/Guj73f7v45
— Bybit (@Bybit_Official) October 29, 2025
Institutional-grade liquidity meets regulated custody
bbSOL—Bybit’s exchange-backed staked SOL token—allows users to earn staking rewards while retaining liquidity. The integration with Anchorage Digital ensures that bbSOL can now be securely held under U.S. federal oversight, providing bank-level protection for institutional clients.
This collaboration enables asset managers, hedge funds, and corporates to participate in on-chain yield generation without compromising compliance or security standards. With Anchorage Digital managing custody, bbSOL bridges exchange-grade liquidity and institutional trust, aligning with the growing demand for regulated crypto yield products.
Bybit’s Head of Spot and Byreal Founder, Emily Bao, described the development as a “major leap” in establishing bbSOL as an institutional-ready liquid staking token. “By combining liquidity with regulatory assurance, we’re offering institutions a compliant and transparent entry point into Solana’s DeFi landscape,” she said.
Expanding institutional participation in solana DeFi
Anchorage Digital’s CEO and Co-Founder, Nathan McCauley, noted that the integration opens new opportunities for institutional investors to engage with Solana through liquid staking. The move underscores Bybit’s broader goal of bridging centralized exchange infrastructure with decentralized yield ecosystems.
As Solana continues to attract attention for its high-speed blockchain and expanding DeFi ecosystem, bbSOL’s regulated custody support positions Bybit at the forefront of institutional crypto adoption—offering compliant access to staking rewards and DeFi yields through a secure, transparent framework.
In another move reflecting the growing convergence of traditional finance and crypto markets, Bybit recently announced the integration of the uMint tokenized fund, a digital asset product launched by global banking giant UBS. This partnership underscores Bybit’s ongoing efforts to bring regulated, institutional-grade investment products to the crypto ecosystem.
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