Sol Strategies' Orangefin validator selected by Balance

Executive Summary

• Sol Strategies' Orangefin validator has been selected by Balance, Canada's largest digital asset custodian, as a top Solana staking provider for its custody clients.
• The selection was based on independent evaluation of uptime reliability and third-party compliance certifications, with Orangefin maintaining 100% uptime during the reporting period.
• Sol Strategies operates under an institutional compliance framework including ISO 27001 and SOC 1 and 2 Type 2 certifications, aiming to provide regulatory accountability in validator operations.

Key Details

• Partnership: Balance integrated Sol Strategies' Orangefin validator as a staking option for clients holding SOL.
• Selection Criteria: Balance evaluated validators independently without commercial arrangements or referral fees, focusing on uptime reliability and compliance certifications.
• Performance Metrics: Orangefin maintained 100% uptime through the most recent reporting period.
• Compliance Standards: The validator operates under Sol Strategies' institutional compliance framework, holding ISO 27001 and SOC 1 and 2 Type 2 certifications.
• Network Scale: Sol Strategies serves over 33,500 unique wallets across its validator network.
• Market Share: The network represents over 5% of all staking participants on the Solana network.
• Assets Under Delegation: The validator network holds over 3.8 million SOL in assets under delegation.
• Key Partners: Institutional partners include ARK Invest's Digital Asset Revolutions Fund, VanEck, Neptune Digital Assets, and Solana Mobile.

Notable Quotes

• Michael Hubbard, Interim CEO, Sol Strategies: "Balance approached this the right way... 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."
• George Bordianu, Co-founder and CEO, Balance: "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... 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."