Fidelity adds custody and trading support for Solana

Fidelity Investments, the $5.8 trillion asset manager, has expanded its Solana offering with support for custody and trading.

The asset manager quietly added Solana (SOL) to its list of available custody and trading tokens, with SOL now available to all U.S. brokerage customers.

Fidelity’s move now allows customers to hold Solana tokens alongside Bitcoin, Ethereum and Litecoin.

SOL allows the asset manager, which is among top issuers of exchange-traded funds and tokenized assets in the space, to expand its digital asset offerings. It means further institutional adoption of Solana and potentially more crypto products within its growing ecosystem.

Fidelity expands cypto support

The asset manager is among the first companies to file for spot Solana ETFs, with anticipation for approval among the key catalysts for SOL price. Cboe BZX officially filed for Fidelity’s Solana ETF in March.

Earlier, the company unveiled a no-fee individual retirement account, with U.S. adults able to invest in crypto in a tax-advantaged way. That launch in April 2025 saw Fidelity’s crypto IRA offer BTC, ETH and LTC to clients within their retirement accounts. 

In September this year, it launched its Treasury fund on Ethereum, a move that marked a fresh foray into the rapidly expanding tokenized Treasuries market. 

Support for Solana across the financial market has seen a flurry of activity around SOL treasury strategies. Multiple publicly-traded firms have created Solana treasury companies, scooping millions of the token as bets on its future growth drive balance sheet moves. 

One of the latest players on the scene is Nasdaq-listed Solana Company, which has amassed over 2.2 million SOL. The company is partnering with Helius and Twinstake to tap into non-custodial staking. 

Solana Company also eyes custody with Anchorage Digital.