BOSTON / LONDON (IT BOLTWISE) – Fidelity, a leading financial services company, has added Solana to its trading platform. This allows both institutional and private customers to trade the SOL cryptocurrency. This development underscores the increasing maturity of cryptocurrencies as an asset class and narrows the gap between traditional and digital finance.
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Fidelity, a renowned financial services company, recently integrated the cryptocurrency Solana (SOL) into its trading platform. This decision allows both institutional and retail investors to buy, sell and trade SOL. This expansion is part of Fidelity’s long-standing commitment to developing digital asset infrastructure and products that are consistent with traditional asset class solutions.
The addition of Solana to Fidelity’s offering signals increasing maturity of cryptocurrencies as an asset class. Solana, known for its high transaction speed and low costs, has established itself as one of the leading blockchains. With a market capitalization of over $104 billion, SOL is one of the largest cryptocurrencies in the world. Developers within the Solana community continue to see significant growth potential and aim to make the blockchain the home of the internet capital markets.
A key goal of Solana developers is to host tokenized real-world assets (RWAs) such as stocks, money market funds and stablecoins on the blockchain. This could democratize access to financial markets and unlock liquidity tied up in traditionally illiquid asset classes. The launch of crosschain-interoperable versions of Tether’s stablecoin USDt and Tether Gold on Solana could position the blockchain as a central part of the decentralized financial infrastructure.
In the US, regulators have recently signaled their intention to overhaul the traditional financial system and move to a 24/7 trading schedule. This development could bring U.S. markets more in line with the global, always-on economy. Fidelity’s integration of Solana could be a step toward this new financial reality by offering investors more flexibility and access to digital assets.
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