Solana has become one of crypto’s most important proving grounds for high-throughput, low-cost, internet-scale finance.
From DeFi and DePIN to payments, consumer apps, memecoins and tokenized assets, the Solana ecosystem continues to thrive and attract builders creating markets that move at the speed of the internet. As that activity grows, so does the need for institutional infrastructure that can support it.
Today, we’re excited to announce expanded SPL token support for Kraken Custody, providing institutions, protocols and Solana ecosystem participants more ways to safeguard assets within Kraken’s qualified custody solution.
Purpose-built for the internet capital markets era
For Solana founders, custody is a strategic infrastructure decision.
Protocol treasuries, ecosystem funds, market making allocations, investor distributions and operational reserves all require controls that can scale with the organization. As projects grow, the qualified custody model must support internal governance, approval workflows, asset segregation and transparent operational processes without slowing teams down.
Kraken Custody is designed for that reality.
With support for complex organizations, vault-level permissions, role-based approvals and policy enforcement, Kraken Custody helps institutions align asset operations with internal governance while reducing single points of failure. It also enables clients to participate onchain from a qualified custody solution, including the ability to trade or stake directly from custody where available.
Expanded SPL token coverage
Kraken Custody now supports an expanded set of SPL tokens, including RENDER, JITOSOL, PUMP, PENGU, BONK, VIRTUAL, ZBCN, MSOL, 2Z, RAY, FARTCOIN, WIF, JTO, HNT, JUP, PYTH, CASH and GRASS.
This update broadens Kraken Custody’s support for Solana-native assets across several of the ecosystem’s most active categories, including liquid staking, DeFi, infrastructure, DePIN, consumer communities and emerging onchain capital markets.
For institutions, this means more flexibility to custody Solana ecosystem exposure through a trusted provider. For founders, it means Kraken is continuing to expand the infrastructure layer available to Solana projects as they mature from early growth to institutional participation. For high-net-worth individuals, you can now secure your assets with Kraken Custody where you can trade, stake, hold, and manage strategies directly from qualified custody, reducing the need for multiple vendor coordination.
From qualified custody to coordinated launch support
This SPL token expansion also strengthens the role of Kraken 360 for protocol teams.
Kraken 360 brings together launch support across liquidity, listings, qualified custody, compliance, token operations, treasury and ecosystem growth, giving founders a more coordinated path before, during and after launch. For Solana builders, expanded SPL custody support is an important part of that stack: it helps teams plan treasury operations, support institutional holders and prepare for the operational demands that come with broader market participation.
As Solana continues to advance the internet capital markets development, founders need partners that understand both crypto-native speed and institutional-grade requirements. Kraken sits at that intersection.
Secure, qualified custody for institutional participation
Kraken Custody supports 200+ assets and is built with secure, cutting-edge MPC and HSM-based key storage and policy enforcement, verifiable onchain infrastructure and bankruptcy-remote accounts, so client assets stay segregated. Custody services are provided through regulated Kraken entities in the U.S. and EU, with Kraken Financial in the U.S. and Payward Europe Solutions Limited in the EEA.
Clients can also access Kraken Prime from custody, enabling institutional clients to connect secure asset storage with liquidity, trading, managed strategies, and financing capabilities.
The mission continues
Since day one, Kraken’s mission has been to accelerate the global adoption of crypto and expand access to financial freedom.
As digital assets evolve from a niche technology into the foundation for internet-native financial systems, that mission increasingly depends on infrastructure that can bridge crypto-native innovation with institutional participation.
Solana has emerged as one of the leading environments for that transformation. Builders across the ecosystem are creating faster, more open and more accessible financial applications for a global user base. As these networks scale, qualified custody infrastructure becomes an important part of helping the ecosystem mature responsibly.
By expanding SPL token support within Kraken Custody, we’re continuing to invest in the infrastructure that helps founders, institutions and long-term ecosystem participants engage with Solana confidently and securely.
This is about more than supporting additional assets. It’s about helping expand access to the next generation of internet-native financial markets.
Custody services are provided by Payward Financial, Inc. or Payward Europe Solutions, Ltd, as applicable. Payward Financial, Inc. d/b/a Kraken Financial is not an FDIC-insured bank and deposits are neither insured by nor subject to the protections of the FDIC. Payward Europe Solutions Limited, trading as Kraken, is regulated by the Central Bank of Ireland.
Projected annual rate is an estimate based on the average staking rewards accrued over the past period, before commission, and is subject to change. Staking involves risks including no guarantee of rewards, potential loss from slashing or hacks, and depreciation in the value of assets while staked. Please refer to Kraken’s Terms of Service for additional information. Geographic restrictions apply.
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