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Balance Canada Selects Orangefin as Solana Staking Provider for Custody Clients

Balance Canada, described in the source as one of Canada’s largest digital asset custodians, chose Sol Strategies’ Orangefin validator for Solana staking (locking tokens to help secure a blockchain and earn rewards).

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Summary

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Terms & Concepts
  • Validator: A blockchain operator that helps confirm transactions and maintain network security, often earning rewards for participating.
  • Staking: Locking crypto tokens to support blockchain operations and receive rewards in return.
  • Custody: A service that safeguards digital assets on behalf of clients, typically using institutional security controls.