From DeFi and DePIN to payments, consumer apps, memecoins and tokenized assets, the Solana ecosystem continues to thrive and attract builders creating markets that scale at the speed of the internet. As this activity grows, so does the need for an institutional infrastructure capable of supporting it.
Today, we are excited to announce expanded SPL token support for Kraken Custody, giving institutions, protocols, and participants in the Solana ecosystem more ways to protect assets within Kraken’s qualified custody solution.
Designed specifically for the era of Internet capital markets
For Solana’s 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 should support internal governance, approval workflows, asset segregation, and transparent operational processes without slowing down teams.
Kraken Custody is designed for this 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 allows clients to participate on-chain 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 expands Kraken Custody support for Solana native assets to several of the ecosystem’s most active categories, including liquid staking, DeFi, infrastructure, DePIN, consumer communities, and emerging on-chain capital markets.
For institutions, this means more flexibility to maintain exposure to the Solana ecosystem through a trusted provider. For the founders, this means Kraken continues to expand the layer of infrastructure available to Solana projects as they move from initial 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 a qualified custody service, reducing the need for coordination between multiple providers.
From qualified care to coordinated support at launch
This expansion of the SPL token 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, providing founders with a more coordinated journey before, during, and after launch. For Solana builders, expanded SPL custody support is an important part of this stack: it helps teams plan treasury operations, support institutional holders, and prepare for the operational requirements that come with broader market participation.
As Solana continues to advance the development of Internet capital markets, founders need partners who understand both the speed of cryptocurrencies and the institutional level requirements. Kraken can be found at this intersection.
Secure and qualified custody for institutional participation
Kraken Custody supports over 200 assets and is built with secure, industry-leading MPC and HSM-based key storage and policy enforcement, verifiable on-chain infrastructure, and remote accounts in the event of bankruptcy, so customer assets remain segregated. Custody Services are provided through Kraken regulated entities in the US and EU, with Kraken Financial in the US and Payward Europe Solutions Limited in the EEA.
Clients can also access Kraken Prime from custody, allowing institutional clients to connect secure asset storage with liquidity, trading, managed strategies and funding capabilities.
The mission continues
Since day one, Kraken’s mission has been to accelerate global crypto adoption and expand access to financial freedom.
As digital assets evolve from a niche technology to the foundation of Internet-native financial systems, this mission increasingly depends on infrastructure that can connect crypto-native innovation with institutional participation.
Solana has become one of the primary environments for this transformation. Ecosystem builders are creating faster, more open, and more accessible financial applications for a global user base. As these networks evolve, qualified conservation infrastructure becomes an important part of helping the ecosystem mature responsibly.
By expanding support for SPL tokens within Kraken Custody, we continue to invest in the infrastructure that helps founders, institutions, and long-term ecosystem participants engage with Solana confidently and securely.
It’s not just about supporting additional assets. This is to help 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.
The projected annual rate is an estimate based on average staking rewards accrued over the past period, before commission, and is subject to change. Staking involves risks, including no guarantee of reward, potential loss due to discounts or hacks, and depreciation of asset value upon staking. Please refer to Kraken Terms of Use for more information. Geographic restrictions apply.
