SBI VC Trade Expands into Solana with New Trading and Custody Services
- SBI VC Trade, a subsidiary of Ripple partner SBI Holdings, has launched trading and custody services for Solana (SOL) aimed at institutional investors.
- The services will be available through SBIVC, focusing on cryptocurrency trading, asset management, treasury management, and Web3 support.
- This initiative is part of a partnership with Tokyo-listed WIZE, which has established a Solana treasury as part of its corporate strategy.
- WIZE selected SBI VC Trade based on criteria including regulatory compliance and operational security to enhance its SOL acquisition framework.
- The expansion follows increased institutional interest in SOL after the launch of Solana ETFs in the U.S.
SBI VC Trade’s entry into the Solana ecosystem marks a significant development in its offerings for institutional clients, particularly as it aligns with WIZE’s long-term strategy to boost its balance sheet through digital assets.
With this launch, SBI VC Trade aims to provide comprehensive support for SOL trading and management services tailored for institutions looking to engage with Solana.
