Jack Paul 
Institutional DeFi Access Expands on Solana
Anchorage Digital is making it easier for traditional finance clients to engage with Solana’s decentralized finance ecosystem. The San Francisco-based crypto bank announced it will integrate Jupiter, Solana’s leading swap and liquidity aggregator, into its Porto institutional self-custody wallet.
This move aims to simplify crypto-to-crypto swaps and other DeFi operations directly within Porto’s dashboard. Institutions won’t need to rely on external applications as much, which should reduce operational friction. The integration also promises to improve Solana liquidity by cutting trade slippage—that gap between expected and executed prices that often frustrates traders.
Nathan McCauley, Anchorage’s CEO and co-founder, explained their thinking: “We believe that true institutional adoption of DeFi requires foundational infrastructure that meets the highest standards of security and compliance. Our native integration with Jupiter is a critical step in building that foundation on Solana.”
Addressing Institutional Concerns
Anchorage highlighted the challenges institutions face when navigating decentralized applications and managing third-party risks. They noted that Jupiter users have struggled with securely accessing the platform through proper institutional interfaces. This integration seems designed to bridge that gap.
The timing appears strategic. Last week, Solana exchange-traded products attracted nearly $300 million in investments—more than any other major altcoin, including Bitcoin and Ethereum products. Year-to-date, Solana ETPs have seen almost $1.9 billion in inflows, placing it third behind only Bitcoin and Ethereum.
More institutional interest appears imminent. Several TradFi giants—Fidelity, VanEck, and Franklin Templeton—are expected to launch Solana-focused ETFs on U.S. exchanges soon, possibly this week, pending SEC approvals.
Anchorage’s Regulatory Progress
Anchorage has been building momentum over the past year. In late August, the U.S. Office of the Comptroller of the Currency terminated a cease-and-desist consent order against the bank, citing improvements in its “safety and soundness.” That regulatory clearance came shortly after Anchorage partnered with Ethena Labs to debut the synthetic dollar protocol’s $1.8 billion USDtb stablecoin using Anchorage’s stablecoin issuance platform.
The company also secured a difficult-to-obtain BitLicense in New York last December, allowing it to serve institutions in the world’s financial capital. Their Porto wallet, introduced earlier in 2024, appears to be gaining traction.
Meanwhile, Jupiter has been expanding its offerings to meet growing investor demand. The Solana DEX aggregator announced in July that it would introduce a new lending product later this summer, suggesting both platforms are positioning themselves for increased institutional participation in Solana’s DeFi ecosystem.
This integration represents another step toward making DeFi more accessible to traditional finance players who require the security, compliance, and user experience that institutional-grade platforms provide.