Back

ARK Invest Selects Solana Strategies as Exclusive Staking Provider

ARK Invest's partnership with SOL Strategies enhances its Digital Assets Revolutions Fund, leveraging institutional-grade staking infrastructure for over 3.59 million SOL.

SOL

Summary

ARK Invest has appointed SOL Strategies as its exclusive staking provider for the Digital Assets Revolutions Fund, migrating over 3.59 million SOL to SOL's infrastructure. This partnership underscores institutional interest in staking, with SOL Strategies managing five validators and valued at approximately $647 million. CEO Leah Wald emphasized the importance of this collaboration in validating SOL Strategies' institutional capabilities.

Terms & Concepts
  • Staking: The process of locking up cryptocurrencies to help secure a blockchain network and earn rewards.
  • Validator: A node in a blockchain network that is responsible for validating transactions and maintaining the integrity of the blockchain.
  • Solana: A high-performance blockchain platform designed for decentralized applications and crypto projects, known for its fast transaction speeds and low fees.