- SOL Strategies debuts STKESOL, staking over 500,000 SOL at launch.
- The platform plans to integrate STKESOL with DeFi platforms like Kamino and Loopscale.
- The move aligns with rising institutional adoption of Solana liquid staking.
SOL Strategies, a prominent Solana-based digital asset treasury company, has taken a major step to further bolster its presence in the crypto scene. According to the latest reports, the platform has launched STKESOL, a new liquid staking token.
The STKESOL token allows users to earn staking rewards on their SOL holdings. It also allows them to keep their assets liquid and usable across decentralized finance applications. Thus, the crypto offers a more flexible alternative to traditional staking.
SOL Strategies Deepens Solana Push with STKESOL
In an official statement, SOL Strategies announced the STKESOL token launch. The liquid staking token allows holders to earn staking rewards while being able to use their assets across DeFi platforms. Interim CEO Michael Hubbard stated,
“$STKESOL demonstrates our ability to build innovative technology that creates value for users and the entire Solana network while generating revenue for our business. This product leverages our core strengths and expertise in the Solana staking ecosystem to support dozens of Solana validators while offering a new liquid staking option to customers in the rapidly growing liquid staking market.”
The platform plans to stake more than 500,000 SOL through STKESOL. While the company currently holds over 427,000 SOL tokens in its reserve, the staking initiative opens more possibilities. SOL Strategies also intends to integrate the newly launched token with established DeFi platforms such as Kamino and Looscale.
Liquid staking on Solana has seen impressive growth over the past few years. As of early January 2026, the platform has staked around 454 million SOL, of which liquid staking tokens represent about 14%.
Unveiling the Broader Presence
The Canadian Solana treasury company was previously known as Cypherpunk Holdings. In June 2024, it started accumulating Solana, following which it came to be known as SOL Strategies. Since then, the company has expanded its on-chain presence with a series of validator acquisitions and strategic investments. For instance, the firm purchased established validators such as Cogent, OrangeFin Ventures, and Laine.
Thus, the company successfully staked 3.3 million SOL tokens across its validator operations. It has also broadened its ecosystem exposure, accumulating more than 52,000 JTO tokens in June 2025.
It is on this existing foundation that the STKESOL is built. For that, the platform turns SOL Strategies’ validator and staking setup into a pooled, multi-validator product. Thus, the approach underscores the company’s capabilities developed over time rather than a shift in strategy. It also showcases the platform’s longstanding focus on staking an infrastructure within the Solana space.
Growing Institutional Interest in SOL Liquid Staking
Interestingly, SOL Strategies is not the only platform exploring Solana liquid staking models. Many other institutions have already explored the opportunities. In May 2025, DeFi Development Corp, a Solana-based DAT, launched $dfdvSOL. It is a liquid staking token built using Sanctum’s infrastructure. Major centralized exchanges (CEXs) like Binance, Bybit, and Bitget have also entered the space. While Binance launched BNSOL, Bybit and Bitget rolled out bbSOL and BGSOL, respectively.
In July 2025, Rex-Osprey’s Solana Staking ETF became the first US ETF to include a liquid staking token by adding jitoSOL to its portfolio. These developments highlight the growing influence of Solana-focused liquid staking tokens among institutions.
