Bitgo extends Solana Staking with Marinade native integration

Bitgo today announced that it has expanded its Solana Staking programme through new integrations with native Marinade.

Marinade Native is a popular staking protocol developed by Marinade Labs. This move allows Bitgo clients to stake SOL directly from their wallets without giving up custody, allowing them to take advantage of competitive rewards while supporting the decentralization of the Solana (SOL) network.

This action will make BITGO the first US-qualified custodian to provide support for native staking in marinades.

Marinade Native offers two important features that distinguish it from traditional staking options. Several validators bid on stake delegations to maximize user rewards, protecting staking rewards that refund users for poorer validator performance, according to a company memo shared with Crypto.news.

Validators participating in the marinade must also commit to on-chain bonds that cover potential losses.

“BITGO is committed to providing the best infrastructure and the best potential rewards for our clients to be involved in Solana’s explosive growth,” said Jake O., Bitgo’s Head of Ecosystem Sales.

Bitgo accesses Solana Staking

Marinade Labs CEO Michael Repetný added that by providing completely inappropriate staking through Bitgo, individuals and institutions can easily access Solana’s staking economy while maintaining full asset management.

Since its launch in 2023, Marinade natives have quickly grown into one of Solana’s biggest staking platforms.

BITGO integration illustrates another step towards institutional adoption of secure, non-mandatory staking solutions on the Solana network.

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