JitoSOL Partners with Anchorage Digital as “First Solana LST with Support from US Federally Chartered Bank”

Key Points

1. JitoSOL mint and redeem operations are now live, supported by Anchorage Digital Bank N.A., the only federally chartered crypto bank in the US.

2. SOL holders can custody, mint, and redeem JitoSOL via Anchorage Digital Bank N.A. or Anchorage Digital Singapore, maintaining SOL liquidity.

3. Jito Foundation published reports clarifying JitoSOL's non-security status under US law and providing tax treatment guidance for liquid staking.

4. Anchorage Digital's infrastructure positions JitoSOL to meet operational requirements for staking-enabled ETFs and other regulated financial products.

5. The SEC has raised concerns about staking ETFs, creating regulatory uncertainty, but JitoSOL's partnership with Anchorage Digital aims to address institutional custody needs.