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, home to the first federally chartered crypto bank in the United States.

This collaboration marks a significant step in positioning bbSOL as an institutional-grade liquid staking token (LST) within the Solanaecosystem, offering regulated entities a trusted pathway to participate in on-chain yield generation.

bbSOL, Bybit's exchange-backed staked SOL asset, enables users and institutions to access Solana staking rewards while maintaining liquidity and flexibility. With Anchorage Digital Bank's secure custody solution, bbSOL holders can now enjoy bank-grade security and compliance under U.S. federal oversight—building confidence among funds, asset managers, and enterprises seeking exposure to SolanaDeFi.

"Anchorage Digital's integration represents a major leap in bbSOL's evolution as an institutional-ready product," said Emily Bao, Head of Spot at Bybit and Founder of Byreal."By combining liquidity with regulatory assurance, we're offering institutions a compliant and transparent entry point into Solana's DeFi landscape—anchored in the stability and integrity of Bybit."