Anchorage Digital has teamed up with Kamino and Solana Company to introduce a framework that enables institutions to use staked Solana as collateral for borrowing without requiring the assets to be transferred out of regulated custody. This development seeks to alleviate the friction between traditional finance and decentralized lending.
In a recent announcement, Anchorage detailed that the program enhances its Atlas collateral management platform by collaborating with Kamino, a decentralized lending solution on Solana.
This initiative involves Solana Company, a publicly listed treasury for Solana assets formed with Pantera Capital and Summer Capital. Institutions can use staked SOL for on-chain borrowing while keeping their assets at Anchorage Digital Bank, a federally approved crypto bank. This arrangement allows stakeholders to earn staking rewards while accessing liquidity through Kamino’s lending solutions.
Anchorage operates as the collateral manager, supervising loan-to-value ratios, margin necessities, and liquidations if needed. Given that the collateral stays in segregated custody, there is no need for institutions to transfer assets into smart contracts, a barrier that has limited involvement from regulated entities.
Source: CoinGecko
Legislative Landscape for DeFi
The integration of Anchorage Digital, Kamino, and Solana underscores a rising institutional inclination toward decentralized finance. However, this interest is occurring amid uncertainty regarding US regulations, with lawmakers still deliberating on the oversight of digital assets and DeFi platforms.
The central issue is the proposed CLARITY Act, designed to clarify jurisdiction and regulatory standards for digital assets, including DeFi.
Although the bill aims to reduce uncertainty for market players, some advocates of DeFi believe it inadequately addresses how decentralized protocols, developers, and governance frameworks ought to be treated legally.
Industry groups have expressed worries that prior draft language, including amendments from January, do not clearly differentiate between centralized intermediaries and decentralized frameworks.
In light of the CLARITY Act’s uncertain future, the Trump administration convened a meeting with industry representatives earlier this month to address remaining concerns regarding DeFi oversight and market structure.
