Anchorage Digital invests in Solstice after SLX tops $400M TVL

Anchorage Digital announced a strategic investment in SLX, the native token of Solstice Finance, on May 28. The announcement followed Solstice’s token generation event and the protocol’s report that total value locked across its products exceeded $400 million as of May 20, 2026.

Anchorage joins more than 20 institutional participants already engaged with Solstice, including Bullish, Bitcoin Suisse AG, Fasanara Capital and RockawayX, the protocol said.

Solstice operates on Solana and describes itself as a yield-as-a-service layer for institutional capital. Its main products include USX, an overcollateralized stablecoin native to Solana, and eUSX, an onchain delta-neutral yield strategy. Solstice said eUSX has run for three years and posted positive monthly returns in every quarter since launch.

Anchorage is a federally regulated platform that provides custody, settlement and other regulated digital asset services to institutional clients. The firm’s participation adds a regulated services provider to Solstice’s list of institutional backers.

Both Anchorage and Solstice participate in the Global Dollar Network, a Paxos-led consortium of more than 100 institutions working on a regulated digital dollar. USDG, the network’s digital dollar, is listed as one of the assets backing USX.

Nathan McCauley, co-founder and CEO of Anchorage Digital, said Solstice had built an institutional-grade record rather than relying on market narrative: ‘Onchain yield is only as credible as the infrastructure behind it. We see Solstice as the kind of infrastructure that belongs in a regulated institution’s toolkit.’

Ben Nadareski, CEO of Solstice, noted that institutions require custody, compliance and reporting they can review before allocating capital and added, ‘Anchorage Digital taking a position in Solstice is a meaningful signal for what we have been building on Solana: onchain yield infrastructure designed to meet institutional standards.’

Institutional participants continue to test blockchain-based yield, stablecoin collateral and tokenized settlement tools. Solstice said the Anchorage investment is one of several institutional participations that it views as supporting efforts to make onchain yield strategies auditable and operationally transparent for regulated allocators.