Sol Strategies forms partnership with Netcoins

Executive Summary

• Sol Strategies Inc. has entered into an institutional staking partnership with Netcoins, a fully regulated Canadian cryptocurrency exchange and subsidiary of Bigg Digital Assets Inc.
• Under the agreement, Netcoins will transition its Solana staking operations to Sol Strategies' enterprise-grade validator infrastructure, aiming to provide enhanced staking yields to Netcoins' retail customers while maintaining regulatory compliance.
• The partnership follows Netcoins' due diligence process to select a validator partner capable of meeting institutional compliance frameworks and operational security standards.

Key Details

• Partnership Structure: Sol Strategies acts as the Solana staking validator partner for Netcoins' retail customer staking services.
• Operational Transition: Netcoins is transitioning its existing Solana staking operations to Sol Strategies' infrastructure.
• Strategic Rationale: The deal allows Netcoins to offer improved staking yields to customers while adhering to Canadian securities regulations regarding customer asset protection and third-party service provider selection.
• Sol Strategies' Current Operations:
  • Operates four validators.
  • Serves over 15,000 unique wallets.
  • Includes institutional clients accessible through premier custodians BitGo and Crypto.com.
  • Specific institutional client mentioned: Ark Invest's Digital Asset Revolutions Fund.
  • Maintains white-label validator partnerships with Pudgy Penguins and Solana Mobile.
• Key Personnel Quotes:
  • Andrew McDonald, COO of Sol Strategies: Highlighted the need for industry-leading technology within institutional compliance frameworks.
  • Fraser Matthews, CEO of Netcoins: Emphasized the thorough evaluation of technical infrastructure, operational reliability, and institutional credibility in selecting Sol Strategies.

Notable Quotes

• "Regulated exchanges like Netcoins need industry leading partners who can provide high-yielding tech within institutional compliance frameworks," said Andrew McDonald, chief operating officer of Sol Strategies. "We've built our validator operations to meet those dual requirements."
• "Selecting a staking validator partner requires thorough evaluation of technical infrastructure, operational reliability and institutional credibility. Sol Strategies demonstrated strength across all dimensions. This partnership allows us to deliver improved staking yields to our customers while meeting our regulatory obligations for third party service provider selection," stated Fraser Matthews, chief executive officer of Netcoins.