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Fidelity, a financial services company, has added Solana to its trading platform, making the network’s native token available to both institutional and retail clients.
Solana (SALT) is now available to buy, sell and trade on Fidelity Crypto, Fidelity Crypto for IRAs, Fidelity Crypto for Asset Managers and the Fidelity Digital Assets platform for institutional investors, a Cointelegraph spokesperson confirmed on Thursday. The spokesperson added:
“The addition of Solana is a continuation of Fidelity’s more than decade-long effort to develop the infrastructure, products and educational resources for digital assets in line with the solutions we provide for traditional asset classes.”
The added SOL support signals that cryptocurrencies are maturing as an asset class, further narrowing the gap between legacy and digital finance.
Related: Hong Kong approved its first spot Solana ETF ahead of the US
Solana wants to compete with Wall Street by becoming the home of Internet capital markets
SOL has a market capitalization of over $104 billion and is the sixth largest cryptocurrency by market capitalization at the time of writing, according to on CoinMarketCap.
Key developers in the Solana community say the network still has room for significant growth and is looking to make it happen home of internet capital marketscompeting with Wall Street.
Solana developers want the blockchain to host tokenized real-world assets (RWA), including stocks, money market funds, stablecoins and collectibles, democratizing access to finance and unlocking liquidity trapped in traditionally illiquid asset classes.
Crosschain interoperable version of Tether’s dollar-pegged stablecoin USDt (USDT) and Tether Gold (XAUT), a tokenized gold product that launched on Solana in October, potentially positions the network as a cross-chain stablecoin liquidity hub.
Adding these tokenized RWAs to Solana could make the network a central part of decentralized finance (DeFi) infrastructure, giving traders access to deeper stablecoin liquidity and reducing the potential for high volatility, depegging and trade slippage.
In September, regulators in the United States signaled their intention to overhaul the original financial system, which closes on nights, weekends and holidays, turning it into 24/7 business plan.
“Further expansion of trading hours could better align U.S. markets with the evolving realities of a global economy that is constantly in flux,” spokespeople for the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission said in a joint statement. declaration.
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