Kraken Custody Enhances Support for SPL Tokens in Solana Ecosystem
Kraken Custody expands SPL token support for Solana builders and institutions
Kraken Blog
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Kraken Custody has expanded its support for SPL tokens, enhancing institutional infrastructure for Solana builders and participants. This update allows institutions to safeguard a broader range of Solana-native assets, facilitating secure asset management and operational efficiency as the Solana ecosystem continues to grow.
- 01Kraken Custody now supports a wider array of SPL tokens, including RENDER, PUMP, and BONK.
- 02The expanded custody solution is designed to meet the needs of institutions and complex organizations.
- 03Clients can trade and stake directly from qualified custody, enhancing operational efficiency.
- 04Kraken 360 provides comprehensive support for protocol teams, aiding in launch and operational planning.
- 05The initiative aims to bridge crypto innovation with institutional participation in the evolving financial landscape.
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Kraken Custody has announced an expansion of its support for SPL tokens, which are integral to the Solana ecosystem. This update allows institutions, protocols, and builders to safeguard a broader range of Solana-native assets, including popular tokens like BONK and RENDER. The custody solution is tailored for high-throughput and low-cost financial operations, providing essential infrastructure for managing protocol treasuries, investor distributions, and operational reserves. Institutions can now manage assets with enhanced governance, approval workflows, and asset segregation, all while maintaining operational speed. Additionally, clients can trade or stake directly from custody, reducing the need for multiple vendor coordination. The expansion is part of Kraken's broader mission to support the growth of internet-native financial systems, ensuring that as the Solana ecosystem matures, it has the necessary infrastructure to facilitate secure and efficient market participation. Kraken Custody is regulated and supports over 200 assets, ensuring that client assets remain secure and segregated.
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This expansion allows institutions and builders in the Solana ecosystem to manage assets more effectively, enhancing their operational capabilities and market participation.
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