Liquid Collective Launches Institutional-Grade Liquid Staking Token on Solana

We're witnessing an explosion of institutional interest in Solana, and as such, Liquid Collective has launched Liquid Staked SOL ($LsSOL), which is touted as an institutional-grade liquid staking token. The offering provides compliance-focused, secure, and liquid staking access to Solana, catering to the needs of institutional players while remaining accessible to a broad range of users.

$LsSOL arrives with support from Coinbase, Kraken, Anchorage Digital, Fireblocks, and Galaxy, marking one of the most coordinated institutional staking initiatives on Solana to date.

“Bringing That Same Model to Solana”

Liquid Collective is known for creating open and interoperable staking networks, and this latest expansion builds on its earlier success with Liquid Staked ETH ($LsETH). That token gained traction across Ethereum platforms, growing by over 177% in $ETH staked year-to-date and becoming the 6th largest liquid staking token on Ethereum by TVL. With $LsSOL, the group aims to replicate its model of secure and scalable staking infrastructure on Solana.

“With LsETH, we proved that a collective and interoperable model built around long-term institutional partners can scale secure, reliable staking infrastructure,” said Mara Schmiedt, CEO & Co-Founder at Alluvial, a team supporting Liquid Collective’s development. “Now we’re bringing that same model to Solana with the same caliber of partners, the same commitment to standards, and the same focus on building for what institutions actually need.”

Growing Institutional Demand

Recent filings by asset managers, including Franklin Templeton, VanEck, and Grayscale, to launch spot Solana ETFs have increased confidence in future regulatory approval. 

Bloomberg analysts estimate the odds of approval for spot Solana ETFs in 2025 to be 95%.

Despite Solana’s strong staking participation, a large portion of $SOL remains unstaked. Over $21 billion in $SOL is currently idle, and according to SolanaFloor Data Insights, only about 14.2% of the staked supply uses liquid staking solutions. These numbers suggest significant potential for institutional growth, particularly as more firms seek capital-efficient strategies to manage staking and collateral.

A Network of Institutional Partners

The launch of $LsSOL brings together a network of leading institutional partners that help create seamless access and integration. Anchorage Digital will provide custody at launch, making $LsSOL accessible to institutions through its secure platform. Fireblocks enables direct minting and redemption through its custody workflows, while Kraken supports liquidity through listed trading pairs for $LsSOL against $SOL, USD, and $ETH.

Coinbase Prime Onchain Wallet enables institutions to securely hold and utilize $LsSOL onchain. Galaxy contributes liquidity through OTC trading and accepts $LsSOL as collateral for structured financial products. Alluvial, the team supporting Liquid Collective’s development, provides SOC2-compliant APIs for enterprise-grade integration. These capabilities support a robust foundation for institutions to enter the Solana staking ecosystem with greater confidence.

Technical and Governance Considerations

Liquid Collective plans to expand $LsSOL’s validator set using enterprise-grade operators selected through the NORS framework. Applied initially to Ethereum, this model defines standards for decentralization, operator performance, reliability, and security. The team now aims to use it across multiple networks.

This governance structure supports Liquid Collective’s mission to build an open, multichain staking standard, designed with long-term interoperability and institutional requirements in mind.

Institutional Staking on Solana Matures

Solana's LST ecosystem comprises several prominent tokens, including $stepSOL, $jitoSOL, and $mSOL, among others. Together, they hold over 57.8m $SOL in TVL, worth approximately $9.6 billion. While Ethereum has around 40% of its stake in liquid form, Solana is approaching that benchmark at 14.2% and growing.

With the launch of $LsSOL, Liquid Collective offers a neutral, infrastructure-aligned staking solution that mirrors collaborative financial models, such as the Visa network or Circle’s $USDC. The approach combines compliance, liquidity, and decentralization with institutional-grade support. As more brokerages, custodians, and fintech firms enter the space, $LsSOL could play a central role in shaping how institutions participate in Solana staking.

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