Fidelity Digital Assets Adds Solana Trading and Custody Support
Fidelity Digital Assets has expanded its cryptocurrency offerings to include Solana (SOL). The $5.8 trillion asset manager rolled out trading and custody services on Thursday. U.S. brokerage customers can now access SOL alongside Bitcoin, Ethereum, and Litecoin. The expansion marks a significant milestone for institutional adoption of Solana.
The addition spans multiple platforms within Fidelity’s ecosystem. Retail investors can trade through Fidelity Crypto and Fidelity Crypto for IRAs. Wealth managers gain access through dedicated channels. Institutional clients receive support via Fidelity Digital Assets’ trading suite. This multi-channel approach positions Fidelity among the few major financial institutions offering comprehensive crypto exposure.
How Fidelity’s Solana Custody and Trading Works
Fidelity’s retail platform operates with zero commission on cryptocurrency trades. The service applies a spread of up to 1% per transaction. New users must open a Fidelity Brokerage account to access crypto features. The service remains unavailable in certain states.
Customers can now hold Solana tokens alongside Bitcoin, Ethereum, and Litecoin. The custody service protects digital assets through secure storage solutions. Fidelity has built over a decade of infrastructure for digital asset management. The company previously operated Bitcoin mining operations and conducted extensive blockchain research.
Institutional Adoption Signals Solana’s Growing Maturity
A Fidelity spokesperson confirmed the addition represents a continuation of the firm’s decade-plus effort to develop infrastructure for digital assets. The statement emphasized consistency with solutions provided for traditional asset classes. This approach signals cryptocurrencies are maturing as legitimate investment vehicles.
SOL maintains a market capitalization exceeding $104 billion. The token ranks as the sixth-largest cryptocurrency by market cap. Following Fidelity’s announcement, Solana recorded a 5.15% daily gain, trading around $191. Trading volume reached over $7 billion within 24 hours.
Multiple publicly-traded firms have created Solana treasury strategies. Companies are accumulating millions of tokens as long-term investments indicating growing institutional confidence in Solana’s future growth potential.
Solana’s Infrastructure Attracts Traditional Finance
Fidelity filed for a spot Solana ETF with Cboe BZX in March. The pending application reflects anticipation for regulatory approval. The company launched a no-fee individual retirement account in April 2025. U.S. adults can now invest in cryptocurrency through tax-advantaged retirement accounts.
Solana retains 2.4 million daily active users. The network targets crypto insiders through decentralized services. These include lending platforms, perpetual DEX trading, and successful meme token seasons. The ecosystem expansion throughout 2025 has strengthened Solana’s position among Layer-1 blockchains.
Developers within the Solana community aim to make the network the home of internet capital markets. This vision includes hosting tokenized real-world assets like stocks and money market funds. In October, Cross-chain versions of Tether’s USDT and Tether Gold launched on Solana. These additions position the network as a cross-chain stablecoin liquidity hub.
What Fidelity’s Solana Support Means for Crypto Markets
The expansion reduces barriers between traditional and digital finance. Fidelity’s established reputation brings credibility to cryptocurrency investing. Millions of existing customers gain simplified access to Solana tokens. The move eliminates technical hurdles associated with wallet management and custody.
Fidelity treats SOL like other blue-chip digital assets. The platform offers passive growth opportunities through secure custody. Fidelity holds over $43 billion in Bitcoin custody. Adding Solana diversifies the firm’s digital asset portfolio.
The integration demonstrates traditional finance’s acceptance of alternative blockchains. Solana’s high-speed transactions and low costs appeal to institutional investors. The network’s scalability supports the growing demand for decentralized applications. These technical advantages position Solana for continued institutional adoption.
Conclusion
Fidelity Digital Assets’ support for Solana custody and trading represents a pivotal moment for cryptocurrency adoption. The expansion provides millions of users with streamlined access to SOL tokens. Institutional backing strengthens Solana’s credibility within traditional finance circles. This development may accelerate broader acceptance of alternative cryptocurrencies among mainstream investors.
