SOL Strategies' Validator Selected by Canadian Custodian Balance as a Solana Staking Provider
Rhea-AI Summary
SOL Strategies (NASDAQ: STKE) announced that Balance, a major Canadian digital asset custodian, has integrated SOL Strategies' Orangefin validator as a Solana staking provider for custody clients. Orangefin reports 100% uptime for the most recent reporting period and operates under ISO 27001 and SOC 1/2 Type 2 certifications. SOL Strategies' validator network serves over 33,500 wallets, represents >5% of Solana staking participants, and holds >3.8 million SOL in assets under delegation.
Positive
- Selected by Balance as an approved Solana staking provider
- Orangefin maintained 100% uptime in the most recent reporting period
- Validator operates under ISO 27001 and SOC 1 and SOC 2 Type 2 certifications
- Validator network serves over 33,500 unique wallets (over 5% of stakers)
- Holds over 3.8 million SOL in assets under delegation
Negative
- None.
News Market Reaction – STKE
In the Mar 11 session, STKE declined 0.66%, reflecting a mild negative market reaction. Argus tracked a peak move of +12.1% during that session. Argus tracked a trough of -2.1% from its starting point during tracking. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Crypto Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Nov 17 | ETF staking deal | Positive | -8.7% | Chosen as staking provider for VanEck Solana ETF using Orangefin validator. |
| Sep 16 | Strategy milestone | Positive | -4.4% | Celebrated Solana-focused DAT++ shift with strong treasury, EBITDA and delegated SOL. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Crypto/validator partnership news has previously coincided with negative next-day moves despite positive operational milestones.
Recent history shows SOL Strategies using institutional-grade Solana infrastructure to deepen partnerships. Prior crypto-tagged releases, such as selection for the VanEck Solana ETF and the DAT++ transformation, highlighted large delegated SOL bases and financing capacity but saw share-price declines. Against that backdrop, Balance’s decision to add the Orangefin validator as a top staking option continues the institutional adoption theme, extending earlier ETF and treasury-focused milestones into the custodian channel.
Key Terms
validator technical
digital asset custodian financial
staking provider technical
uptime technical
iso 27001 regulatory
soc 1 regulatory
soc 2 type 2 regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - March 11, 2026) - SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) ("SOL Strategies" or the "Company"), one of the first publicly traded companies dedicated to growing and building the Solana economy, today shared that Balance, Canada's oldest and largest digital asset custodian, has integrated the Company's Orangefin validator as a top Solana staking provider for its custody clients. As a publicly traded Canadian company operating under the oversight of both the OSC and SEC, SOL Strategies brings a level of regulatory accountability and transparency to validator operations that private infrastructure providers are not subject to.
Balance evaluates staking providers independently, without commercial arrangements or referral fees influencing its recommendations. After assessing Solana validators on the basis of uptime reliability and third-party compliance certifications, Balance selected Orangefin, by SOL Strategies, as an option for clients looking to stake their SOL holdings. Orangefin has consistently maintained
"Balance approached this the right way," said Michael Hubbard, Interim CEO of SOL Strategies. "We believe Orangefin's track record on uptime, backed by independent audits, is exactly what a regulated custodian needs to be confident in a recommendation. The fact that it's a Canadian institution choosing a Canadian-built validator matters to us too."
"The integration of SOL Strategies' Orangefin validator into our ecosystem reflects our commitment to providing institutional clients with high-quality options for their digital asset participation. At Balance, our role is to offer the secure infrastructure and regulatory clarity required for institutions to navigate the Solana network with confidence. By identifying providers that meet rigorous standards for uptime and third-party compliance, we continue to fulfill our mission as a custodian dedicated to safeguarding the assets of our clients," said George Bordianu, co-founder and CEO of Balance.
SOL Strategies currently serves over 33,500 unique wallets across its validator network, representing over
About Balance
Balance connects its clients to top-tier providers such as Attestant, DARMA Capital, Maple Finance, and SOL Strategies through its digital asset rails, enabling them to stake, lend, and liquidate billions of dollars' worth of assets directly from the comfort of Balance Trust Company, its qualified custodian. www.balance.ca/disclaimer
About SOL Strategies
SOL Strategies Inc. (CSE: HODL) (NASDAQ: STKE) is a Canadian investment company that operates at the forefront of blockchain innovation. Specializing in the Solana ecosystem, the company provides strategic investments and infrastructure solutions to enable the next generation of decentralized applications.
To learn more about SOL Strategies, please visit www.solstrategies.io. A copy of this news release and all the Company's related material documents regarding the Company may be obtained under the Company's profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.
Investor Contact: Doug Harris, Chief Financial Officer, 416-480-2488
John Ragozzino, CFA, solstrategies@icrinc.com, 203-682-8284
Media Contact: solstrategies@scrib3.co
Cautionary Note Regarding Forward-Looking Information:
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward‐looking statements and information. More particularly and without limitation, this news release contains forward‐looking statements and information relating to the Company's or the Company's management team's expectations, hopes, beliefs, intentions or strategies regarding the future, and expectations regarding the characteristics, value drivers, and anticipated benefits of the Company's business plans and operations related thereto. Forward-looking information can also be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or indicates that certain actions, events or results "may", "could", "would", "might" or "will be" taken, "occur" or "be achieved".
Forward-looking statements in this news release include statements regarding the subject matter of this announcement, including Balance's integration of Orangefin as a staking provider. There is no assurance that the Company's plans or objectives will be implemented as set out herein, or at all. Forward-looking information is based on certain factors and assumptions the Company believes to be reasonable at the time such statements are made and is subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking information.
The purpose of forward-looking information is to provide the reader with a description of management's expectations, and such forward-looking information may not be appropriate for any other purpose. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking statements are made based on management's beliefs, estimates, and opinions on the date that statements are made, and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates, and opinions or other circumstances should change, except as required by law. Investors are cautioned against attributing undue certainty to forward-looking statements.
Disclaimer:
SOL Strategies is an independent organization in the Solana ecosystem. SOL Strategies is not affiliated with, owned by, or under common control with Solana Foundation (the "Foundation"), and the Foundation has not entered into any association, partnership, joint venture, employee, or agency relationship with SOL Strategies.
None of the Foundation or its council members, officers, agents or make any representations or warranties, recommendations, endorsements or promises with respect to the accuracy of any statements made, information provided, or action taken by SOL Strategies and expressly disclaim any and all liability arising from or related to any such statements, information or action.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287991