The Jito Foundation, dedicated to promoting the use of Jito protocols through the Jito DAO, has officially launched minting and redeeming capabilities for JitoSOL, facilitated by Anchorage Digital.
Anchorage Digital Bank N.A. stands out as the only federally chartered crypto bank in the United States, having received a national trust charter from the Office of the Comptroller of the Currency (OCC) in January 2021.
Now available: Minting and redeeming @jito_sol directly from the Anchorage Digital platform
Liquid staking & MEV rewards on @solana
No third-party apps needed
Unlock your SOL at any time pic.twitter.com/234opZF4ND
— Anchorage Digital (@Anchorage) July 1, 2025
Through this new collaboration, Anchorage Digital enables full access to Solana’s liquid staking token lifecycle. Institutions and SOL token holders can safely store, mint, and redeem JitoSOL using services from either Anchorage Digital Bank N.A. or Anchorage Digital Singapore, a licensed payment institution under the Monetary Authority of Singapore.
This functionality is designed to help users maintain liquidity in SOL while reaping the benefits from staking and protocol revenues. Additionally, the partnership is believed to foster broader acceptance among regulated financial entities.
In the near future, JitoSOL minting and redemption will also be accessible via Porto, Anchorage Digital’s self-custody wallet, catering to users who prefer to manage their assets independently.
JitoSOL is the 1st Solana LST with support from a federally chartered bank!
Institutions can custody, mint, & burn JitoSOL via @Anchorage, home to the only federally chartered crypto bank in the U.S.
More on this below pic.twitter.com/ZS7T0YxkrO
— Jito (@jito_sol) July 1, 2025
“Anchorage Digital is proud to offer expanded support for JitoSOL, starting with custody and now delivering a seamless, custom-built mint and redeem experience right from our platform,” stated Nathan McCauley, CEO of Anchorage Digital. “This latest integration signifies our continued commitment to the Solana ecosystem, and we are excited to enhance access to liquid staking and the growing Solana DeFi landscape for a wider array of institutions.”
In related developments, Anchorage Digital is further bolstering its stablecoin services through the acquisition of Mountain Protocol, a regulated issuer of stablecoins, as part of its ongoing strategy.
JitoSOL on Path Towards Staking ETFs with Anchorage Digital
According to the announcement, this integration includes robust institutional-grade security features such as hardware security modules (HSMs), biometric authentication, and behavioral analytics.
The Jito Foundation also released the JitoSOL Securities Classification Report, which clarifies that JitoSOL does not qualify as a security under U.S. law. Additionally, they have issued guidance on the tax treatment of liquid staking, further positioning JitoSOL as an asset ready for mainstream financial integration.
4/6 Why does this matter?
Institutions previously faced a tradeoff:
• Direct staking: locked capital and operational complexity
• LSTs: lacked qualified custody solutions
Now JitoSOL offers liquid staking with institutional-grade custody via Anchorage
— Jito (@jito_sol) July 1, 2025
Amid ongoing regulatory discussions regarding staking-enabled exchange-traded funds (ETFs), the new partnership is timely. Thomas Uhm, Chief Commercial Officer at Jito Foundation, noted, “with support for in-kind creation and redemption, along with primary and secondary market liquidity, JitoSOL meets several operational requirements essential for modern ETF issuers and other developers of regulated financial products.”
The team further asserts that liquid staking tokens are increasingly viewed as a viable alternative to direct staking methods.
“With Anchorage Digital’s qualified custody infrastructure now established, JitoSOL is well-positioned to fulfill many operational needs that regulated financial product developers must address,” the team concluded.
The post JitoSOL Partners with Anchorage Digital as “First Solana LST with Support from US Federally Chartered Bank” appeared first on Finance Newso.
