TLDR

• Fidelity Digital Assets has added Solana (SOL) trading to its platforms, giving millions of retail, institutional, and retirement account holders access to buy, sell, and trade the token.
• The integration includes Fidelity Crypto, Fidelity Crypto for IRAs, Fidelity Crypto for Wealth Managers, and Fidelity Digital Assets’ institutional platform.
• SOL bounced off the $175 support level and gained 5% in 24 hours following the announcement, trading above $190.
• Fidelity manages over $16 trillion in assets for more than 4.3 million customers, potentially bringing large capital inflows to Solana.
• The Solana community aims to make the network the home of internet capital markets, hosting tokenized real-world assets like stocks, money market funds, and stablecoins.

Fidelity Digital Assets has added Solana trading to its platforms. The financial services company made the announcement on Thursday.

The token is now available across multiple Fidelity platforms. These include Fidelity Crypto, Fidelity Crypto for IRAs, Fidelity Crypto for Wealth Managers, and Fidelity Digital Assets’ institutional platform.

A Fidelity spokesperson confirmed the integration to multiple news sources. The spokesperson said the addition continues Fidelity’s decade-plus effort to develop digital asset infrastructure.

Fidelity manages over $16 trillion in assets. The firm serves more than 4.3 million customers across its platforms.

The integration gives retail, wealth, and retirement account holders immediate access to SOL. Customers can now buy, sell, and trade the token through their existing accounts.

SOL gained 5% in the 24 hours following the announcement. The token recovered above $190 after bouncing off a key support level at $175.

The price movement came with trading volumes of $7 billion. This figure falls below the 14-day moving average of $10 billion but still shows market interest.

Solana currently has a market capitalization of over $104 billion. The token ranks as the sixth-largest cryptocurrency by market cap.

Institutional Adoption Continues to Grow

Nine companies currently hold Solana treasuries worth $2.6 billion combined. This represents 2.5% of the token’s circulating market cap.

The REX-Osprey Solana + Staking ETF holds nearly $400 million in assets under management. This makes it the largest exchange-traded fund linked to an altcoin besides Ethereum.

Technical indicators suggest the token could push toward $200 if it maintains current support levels. The Relative Strength Index climbed above its 14-day moving average.

Network Aims for Traditional Finance Integration

The Solana community wants the network to become the home of internet capital markets. Developers are working to attract tokenized real-world assets to the platform.

These assets include stocks, money market funds, stablecoins, and collectibles. The goal is to democratize access to finance and unlock liquidity in traditionally illiquid asset classes.

Tether launched crosschain interoperable versions of USDt and Tether Gold on Solana in October. This positions the network as a potential cross-chain stablecoin liquidity hub.

U.S. regulators signaled intent in September to move toward 24/7 trading schedules. The Securities and Exchange Commission and Commodity Futures Trading Commission released a joint statement supporting expanded trading hours.

Fidelity’s integration comes as institutional interest in Solana grows. The financial services company now offers customers direct access to the token through regulated platforms.

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