Jupiter, the decentralized exchange and liquidity aggregator on Solana, has integrated with Anchorage Digital’s institutional-grade wallet Porto, a move that could accelerate the institutional access to Solana’s decentralized finance ecosystem.
Summary
- Anchorage Digital has announced integration with Jupiter as it eyes institutional access to decentralized finance on Solana.
- The crypto bank has added native support for Jupiter, making it accessible via Anchorage’s self-custody wallet Porto.
- Solana’s DeFi ecosystem has grown amid traction for protocols like the Jupiter DEX platform.
Anchorage Digital, a leading crypto bank and digital assets platform, revealed the integration on Tuesday, noting it will add institutional access to Solana via Jupiter.
Specifically, Anchorage is adding support for Solana DeFi through its self-custody wallet, Porto. Native integration of Solana’s top DEX platform with the Porto wallet will allow institutional investors direct access to decentralized finance applications in the Solana (SOL) ecosystem.
Why does this matter?
Porto support addresses challenges that have slowed institutional traction for DeFi on the SOL network. Having access to a leading liquidity aggregator and optimal trade-execution platform is a big plus for users as they navigate security and complex operational processes, Anchorage noted.
“We believe that true institutional adoption of DeFi requires foundational infrastructure that meets the highest standards of security and compliance,” said Nathan McCauley, the co-founder and chief executive officer of Anchorage Digital. “Our native integration with Jupiter is a critical step in building that foundation on Solana. This isn’t just about a new feature; it’s about providing the market with the robust, secure on-ramps needed to
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Author: Benson Toti
