DigitalX’s $22.7M Solana Holdings Back New Exclusive Staking Partnership

Strategic Partnership to Scale Solana Staking

DigitalX Limited (ASX:DCC) has announced a significant strategic partnership with SOL Strategies Inc., a Canadian-listed Solana infrastructure provider, to support and expand its Solana staking activities. This exclusive 12-month agreement positions SOL Strategies as DigitalX’s institutional validator partner, enabling the Australian digital asset manager to leverage high-performance staking infrastructure integrated with BitGo, the world’s largest independent digital asset custodian.

The collaboration reflects DigitalX’s broader strategy to enhance revenue streams through blockchain infrastructure investments. By partnering with a reputable validator like SOL Strategies, DigitalX aims to scale its Solana exposure while accessing secure, yield-optimised staking services that meet institutional-grade compliance standards.

Financial Impact and Operational Benefits

DigitalX currently holds 83,206 Solana tokens, valued at approximately $22.7 million. During the first quarter of 2025, the company generated $318,000 in staking revenue, a figure supported by increased holdings and improved validator performance. The new partnership is expected to further enhance staking yields, offering more favourable terms than previous third-party validator arrangements.

Staking involves committing tokens to the Solana blockchain to support transaction validation and network security under the Proof of Stake consensus mechanism. Validators like SOL Strategies confirm transactions and maintain blockchain integrity, earning rewards that are shared proportionately with DigitalX based on the amount staked.

About SOL Strategies and the Validator Role

SOL Strategies is among a select group of institutional validators globally and was the first listed company to provide exposure to Solana staking. With a market capitalisation of approximately US$428 million, it recently integrated with BitGo’s custody platform to offer secure and seamless staking access for asset managers. The company has also announced a US$500 million convertible note to support further accumulation of Solana.

Validators play a crucial role in blockchain ecosystems by verifying transactions and maintaining network security without risking ownership of their own digital assets. This partnership allows DigitalX to benefit from SOL Strategies’ proven performance and security infrastructure, aligning with its goal of delivering consistent and scalable returns.

Looking Ahead

While the agreement does not obligate DigitalX to stake a minimum amount, it commits the company to exclusively use SOL Strategies for its Solana staking activities during the initial term, with options to extend. This exclusivity underscores DigitalX’s confidence in SOL Strategies’ capabilities and signals a strategic move to optimise returns from its digital asset operations.

As DigitalX continues to build on its staking revenue and blockchain infrastructure investments, this partnership could mark a pivotal step in strengthening its position within the digital asset management sector.