Fidelity Investments Expands Cryptocurrency Offerings with Solana Support
Fidelity Investments, a renowned asset manager with $5.8 trillion in assets, has recently announced the expansion of its cryptocurrency services to include custody and trading support for Solana (SOL). This move allows customers to access trading and custody services for SOL through their brokerage accounts, alongside existing support for Bitcoin, Ethereum, and Litecoin.
The addition of Solana to Fidelity’s list of supported cryptocurrencies marks a significant development in the company’s efforts to cater to the growing demand for digital assets. With this expansion, Fidelity’s customers can now hold Solana tokens in their portfolios, diversifying their investment options and potentially benefiting from the cryptocurrency’s growth prospects.
Enhanced Crypto Capabilities
Fidelity’s decision to support Solana is a testament to the cryptocurrency’s increasing popularity and institutional adoption. As one of the top issuers of exchange-traded funds and tokenized assets, Fidelity’s move is expected to further boost Solana’s ecosystem and potentially lead to the development of more crypto products. The company has already filed for spot Solana ETFs, with approval anticipated as a key catalyst for SOL’s price growth.
In recent months, Fidelity has unveiled several initiatives aimed at expanding its cryptocurrency offerings. In April 2025, the company launched a free individual retirement account that allows U.S. adults to invest in cryptocurrencies on a tax-deferred basis, initially offering BTC, ETH, and LTC. Additionally, Fidelity launched its Treasury fund on Ethereum in September, marking a new foray into the tokenized treasury market.
Institutional Adoption and Treasury Strategies
The growing support for Solana across the financial market has led to increased activity around SOL treasury strategies. Several publicly traded companies have formed Solana treasury companies, raising millions of the token in anticipation of its future growth. One notable example is Nasdaq-listed Solana Company, which has amassed over 2.2 million SOL and is working with Helius and Twinstake to open up non-custodial staking options.
The Solana Company is also reviewing custody options with Anchorage Digital, demonstrating the increasing institutional interest in Solana’s ecosystem. As more companies and investors explore Solana’s potential, Fidelity’s decision to support the cryptocurrency is likely to have a positive impact on its adoption and growth prospects.
For more information on Fidelity’s Solana support and the latest developments in the cryptocurrency market, visit https://crypto.news/fidelity-adds-custody-and-trading-support-for-solana/.
