Bybit’s bbSOL (Staked SOL) Secures Institutional Custody with Anchorage Digital

Bybit's bbSOL now supported by Anchorage Digital for institutional custody — boosting access to staked SOL, staking rewards, and compliant crypto custody.

Bybit, the world's second-largest cryptocurrency exchange by trading volume, announced that its staked SOL token, bbSOL, is now supported for institutional custody by Anchorage Digital. This move brings greater security and compliance to bbSOL, expanding access for institutional investors seeking exposure to staked SOL and staking rewards.

bbSOL is a tokenized representation of staked SOL designed to capture Solana staking yield while preserving liquidity. By combining staking mechanics with tradable token features, bbSOL enables holders to benefit from network rewards without the operational overhead of running validators. Anchorage Digital’s custody support means institutions can hold bbSOL in a regulated, secure environment alongside other digital assets.

Anchorage Digital, known for its institutional-grade custody services and regulatory-first approach, adds a layer of trust for asset managers, family offices, and custodial providers exploring Solana staking. Institutional custody addresses key concerns around private key management, insurance, and compliance—critical factors for organizations that must meet regulatory and fiduciary standards.

The partnership highlights growing institutional interest in staking derivatives and liquid staking tokens. With bbSOL custody-ready at Anchorage Digital, institutions gain a streamlined path to earn staking rewards from the Solana network while maintaining portfolio flexibility. This development also supports market liquidity by making staked SOL more accessible across trading venues and custody platforms.

For Bybit, expanding institutional support for bbSOL reinforces its role in the evolving staking and DeFi ecosystem. For Solana, broader institutional custody options can help drive adoption and deeper integration of staking services into traditional asset management workflows. The combination of Bybit’s market depth and Anchorage Digital’s custody infrastructure creates a more trustable bridge between institutional capital and Solana staking opportunities.

As the crypto market matures, solutions that marry yield-generating staking products with compliant custody will be crucial to attracting long-term institutional capital. The Anchorage Digital support for bbSOL is a meaningful step toward mainstream acceptance of staked SOL and liquid staking tokens. Institutions interested in staking exposure now have a clearer, more secure path to participate in Solana’s growing staking economy.

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