Jito Foundation, the organization that oversees ecosystem growth and adoption of Jito protocols under the direction of the Jito DAO, today announced that Jito Staked Solana (JitoSOL) will now be accepted as collateral by FalconX, the largest institutional digital asset prime brokerage. Additionally, FalconX will provide secure custody for JitoSOL, allowing FalconX's institutional clients to optimize interactions with Solana's staking economy.
FalconX's clients can now use JitoSOL as collateral for over-the-counter spot, derivatives, and borrowing activities. Earning passive SOL yield on collateral unlocks a new frontier of trading strategies available to its institutional clients. By enabling institutions to integrate Solana staking rewards with trading strategies through JitoSOL, FalconX offers an innovative approach to leveraging JitoSOL for trading while retaining liquidity and optimizing capital efficiency. Furthermore, the addition of JitoSOL demonstrates the value that liquid staking brings to institutions and how digital assets can revolutionize institutional finance.
"FalconX's inclusion of JitoSOL as trading collateral highlights an exciting new use case for JitoSOL and the broader Jito infrastructure," said Brian Smith, Head of the Jito Foundation. "For Solana to achieve global adoption, institutions need seamless ways to secure the network while retaining access to their trading collateral. By integrating JitoSOL, FalconX is setting a new standard for institutional participation, driving adoption, and showcasing how the Jito and Solana ecosystems can power the future of decentralized finance."
JitoSOL addresses the challenges faced by traditional SOL holders by providing a way to combine yield generation with trading flexibility without needing to lock up tokens. It acts as a tangible asset that institutions can leverage for a variety of investment opportunities while also earning staking rewards that are greater than those earned through traditional staking methods. Unlike traditional SOL, which experiences daily dilution without staking yield, JitoSOL combines liquidity with the benefit of passive yield and MEV fees, resulting in higher overall returns for holders.
"FalconX is proud to be the first and only prime brokerage offering institutional investors the ability to use JitoSOL as collateral for trading," says Connor Siwik, US Spot Trading Lead at FalconX. "Jito's innovation aligns with our mission to empower institutional investors with cutting-edge tools and liquidity solutions. Integrating JitoSOL furthers our goal of creating capital-efficient solutions for our clients—who can now access MEV-boosted staking rewards while maintaining trading flexibility."
About the Jito Foundation
The Jito Foundation coordinates ecosystem activities and accelerates the adoption of Jito's innovative technologies under the direction of the Jito DAO. By driving governance proposals, distributing grants, and forging strategic partnerships, the Foundation empowers stakeholders to shape the future of Jito's decentralized infrastructures. Through transparent, community-driven initiatives, the Jito Foundation ensures the sustained growth and resilience of Solana's DeFi ecosystem, benefiting validators, stakers, and the broader community. Learn more at jito.network
About FalconX
FalconX is a leading digital assets prime brokerage for the world's top institutions. We provide comprehensive access to global digital asset liquidity and a full range of trading services. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock. FalconX Bravo, Inc., a FalconX affiliate, was the first CFTC-registered swap dealer focused on cryptocurrency derivatives.
The company is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management, and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore, and Valletta. For more information visit falconx.io or follow FalconX on X and LinkedIn.
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