Investment management firm ARK Invest has transitioned its Solana blockchain validator operations to SOL Strategies. This move leverages SOL Strategies’ specialized institutional staking solutions, positioning ARK within Solana’s expanding $73.5 billion staking market.
The shift integrates ARK’s validation activities with BitGo’s custodial platform, enhancing security protocols for the delegated assets. SOL Strategies currently operates five validators overseeing approximately 3.59 million SOL tokens, valued at roughly $647 million. Institutional clients account for a dominant 88% of the delegated assets.
This institutional pivot coincides with significant growth in Solana’s staking ecosystem. The total value staked has reached 403 million SOL tokens ($73.5 billion), marking a 22% increase since the start of the year. Despite this growth and increasing revenue, SOL Strategies reported a net loss of $3.5 million during its most recent quarter, underscoring the capital-intensive demands of institutional staking infrastructure.
ARK Invest’s migration reflects broader institutional demand for regulated, compliant, and operationally efficient staking services. By utilizing SOL Strategies and the integrated BitGo custody solution operating under Canadian regulatory oversight, ARK aligns with this trend seeking secure institutional-grade solutions.