Solana Company (NASDAQ: HSDT) Becomes First Digital Asset Treasury to Enable Borrowing Against Natively Staked SOL in Qualified Custody
Rhea-AI Summary
Solana Company (NASDAQ: HSDT), Anchorage Digital, and Kamino launched a tri-party custody model enabling institutions to borrow against natively staked SOL while keeping assets in qualified custody. The structure allows institutions to earn ~7% native staking yield and access 24/7 on-chain liquidity with automated collateral management.
The model keeps collateral in segregated accounts at Anchorage Digital Bank, uses Atlas for rules-based LTV oversight and liquidations, and is presented as a repeatable blueprint for institutional participation in Solana lending markets.
Positive
- First-ever treasury enabling borrowing against natively staked SOL
- Collateral remains in borrower’s segregated account at Anchorage Digital Bank
- ~7% native staking yield on SOL while unlocking borrowing power
- 24/7 automated collateral management and rules-based liquidations via Atlas
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
HSDT was up 2.39% while key medical-device peers like SSKN (-18.24%) and BMRA (-5.47%) traded lower, indicating stock-specific crypto/DeFi focus rather than a sector-wide move.
Previous Crypto Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 12 | Tokenization initiative | Positive | +1.4% | Plan to tokenize HSDT shares on Superstate’s Opening Bell platform. |
| Nov 05 | Investor update | Positive | +11.9% | Board approves open-ended <b>$100M</b> stock repurchase program for HSDT. |
| Nov 04 | Regulatory change | Negative | -13.6% | Application to cease being a reporting issuer in Canadian jurisdictions. |
| Nov 03 | Investor update | Positive | -11.8% | Update on Solana adoption and reiteration of SOL-focused treasury objective. |
| Oct 29 | Treasury update | Positive | +2.6% | Update on SOL holdings, cash, and above-average <b>7.03% APY</b> staking yield. |
Crypto-tag news has produced mixed reactions, averaging -1.9% over the last 5 events, with mostly aligned but occasionally divergent price moves.
Recent crypto-tagged updates show Solana Company reshaping into a SOL-focused digital asset treasury while maintaining its legacy business. News has included tokenizing HSDT shares on Superstate’s Opening Bell, authorizing a $100M buyback, Canadian reporting-exit plans, an investor update highlighting Solana network growth, and corrected SOL holdings with a 7.03% APY gross staking yield. Today’s qualified-custody borrowing and tri-party model extends that institutional Solana strategy and emphasizes on-chain finance infrastructure.
Historical Comparison
Over the last five crypto-tagged updates, HSDT’s average move was -1.9%, with mostly aligned but sometimes opposite reactions to Solana-focused treasury and structural announcements.
Crypto-tag events trace HSDT’s evolution into a SOL-centric digital asset treasury, from updating SOL holdings and staking yield to investor updates, Canadian reporting changes, tokenization plans, and buyback authorization.
Market Pulse Summary
This announcement highlights HSDT’s push to deepen its role in institutional Solana finance by enabling borrowing against natively staked SOL in qualified custody. The model combines tri-party collateral management with 24/7 on-chain liquidity and aims to attract institutional borrowers. In context of prior crypto-tagged updates on tokenization, buybacks, and SOL holdings, investors may watch adoption levels, balance-sheet SOL exposure, and further regulatory disclosures.
Key Terms
defi financial
staking rewards financial
on-chain liquidity financial
qualified custodian regulatory
loan-to-value ratios financial
AI-generated analysis. Not financial advice.
Solana Company (HSDT), Anchorage Digital, and Kamino collaborate to bring institutional capital to Solana's high-performance DeFi ecosystem through a first-of-its-kind tri-party custody model
Institutions earn staking rewards while accessing on-chain liquidity—24/7 automated collateral management enables real-time borrowing operations without sacrificing custody, compliance, or operational control
Scalable model designed to provide a blueprint for other treasury companies and what institutional investors will demand
NEWTOWN, Pa., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Solana Company (NASDAQ: HSDT or the “Company”), together with Anchorage Digital and Kamino, today launched the first-ever digital asset treasury to enable borrowing against natively staked SOL in qualified custody.
Under the innovative structure, Solana Company will collaborate to bring institutional capital to Solana's high-performance DeFi ecosystem through a first-of-its-kind tri-party custody model.
Cosmo Jiang, General Partner at Pantera Capital Management and a Member of the Board of Directors for Solana Company, said, “This structure demonstrates how institutional-grade infrastructure can unlock deeper participation on Solana. It’s a strong example of how regulated custody and on-chain borrowing and lending can work together within the Solana ecosystem. Simply put, we believe this scalable model is the blueprint other treasury companies will follow and institutional investors will demand.”
Anchorage Digital will act as collateral manager for natively-staked SOL, enabling institutions to earn staking rewards while simultaneously unlocking borrowing power on Kamino. All collateral will remain held in the borrower’s segregated account at Anchorage Digital Bank. This step ensures that all assets remain in custody, even as their economic value is tracked within Kamino’s lending markets.
“Institutions want access to the most efficient sources of on-chain liquidity, but they aren’t willing to compromise on custody, compliance, or operational control. Atlas collateral management allows institutions to keep natively staked SOL held with a qualified custodian while using it productively, bringing institutional-grade risk management to Solana’s lending markets,” said Nathan McCauley, CEO and Co-Founder of Anchorage Digital.
Cheryl Chan, Head of Strategy, Kamino, said “This collaboration unlocks meaningful institutional demand to borrow against assets held in qualified custody. By partnering with Anchorage Digital, Kamino enables institutions to access on-chain liquidity and yield on Solana while continuing to custody assets within their existing regulated framework.”
A flagship model for institutional on-chain finance
- Seamlessly connect lending and borrowing markets to protocol-native credit via Anchorage Digital’s tri-party custody infrastructure and collateral management suite.
- Access a new class of institutional borrowers by accepting a full spectrum of collateral, from standard digital assets to reward-bearing, unwrapped (native BTC, ETH, or SOL), and fiat positions.
- Access credit directly while collateral remains held at Anchorage Digital Bank
- Keep assets within existing custodial, compliance, and risk management workflows
Using Atlas collateral management, Anchorage Digital provides 24/7 automated oversight of loan-to-value ratios, orchestrates margin and collateral movements, and executes rules-based liquidations when required. This provides institutions with familiar risk, compliance, and operational controls while enabling direct participation.
This model is purpose-built for institutions seeking protocol-native credit while retaining the benefits of working with a federally-regulated qualified custodian. With Atlas, institutions receive both on-chain borrowing and the safety of industry-leading custody standards.
Beyond the initial deployment, the collaboration is designed as a repeatable blueprint for institutional participation in protocol borrowing. It can be reused by other investors, venture firms, and protocols seeking to serve institutional markets.
Solana has historically been the fastest-growing blockchain, leading the industry in transaction revenue and processing more than 3,500 transactions per second. The network is also the most widely adopted, with an average of around 3.7 million daily active wallets and surpassing 23 billion transactions year-to-date. SOL is financially productive by design, offering a ~
As an independent treasury company, HSDT’s mission is to support the growth and security of tokenized networks by serving as a long-term holder of $SOL, in addition to continuing the development of its neurotech and medical device operations.
Forward Looking Statements
This press release contains "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. This press release also includes express and implied forward-looking statements regarding the Company's current expectations, estimates, opinions and beliefs that are not historical facts. Such forward-looking statements may be identified by words such as "believes," "expects," "endeavors," "anticipates," "intends," "plans," "estimates," "projects," "should" and "objective" and the negative and variations of such words and similar words. These statements are made on the basis of current knowledge and, by their nature, involve numerous assumptions and uncertainties. Nothing set forth herein should be regarded as a representation, warranty or prediction that we will achieve or are likely to achieve any particular future result. Actual results may differ materially from those indicated in the forward-looking statements because the realization of those results is subject to many risks and uncertainties, including the risk that we may fail to realize the anticipated benefits of the tri-party custody model and the anticipated collaboration, as well as risks related to economic conditions, fluctuations in the market price of SOL and other custodial assets, and the evolving regulatory environment, as well as other factors. Forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertakes no duty to update such information except as required under applicable law.
About Solana Company
Solana Company (NASDAQ: HSDT) is a listed digital asset treasury dedicated to acquiring Solana (SOL), created in partnership with Pantera and Summer Capital. Focused on maximizing SOL per share by leveraging capital markets opportunities and on-chain activity, Solana Company offers public market investors optimal exposure to Solana’s secular growth. https://www.solanacompany.co/
For additional information, follow us on:
https://x.com/Solana_Company
https://www.linkedin.com/company/helius-solana-company/
| Media Contact | |
| Solana Company Pantera Capital Management LP Summer Capital Limited | ir@solanacompany.co ir@panteracapital.com press@panteracapital.com pr@summer-cap.com |
FAQ
What did Solana Company (HSDT) announce on February 13, 2026 about staked SOL borrowing?
How does the Anchorage Digital collateral model protect HSDT borrowers?
What yield can institutions expect on staked SOL used as collateral for HSDT borrowing?
Will borrowing against staked SOL change custody or compliance for HSDT investors?
How does Kamino enable on-chain liquidity for institutions using HSDT staked SOL?
Is the HSDT custody model repeatable for other treasury companies and investors?
