Compass Investments

Anchorage Digital plans to integrate Solana Swap and liquidity aggregator Jupiter into its Porto institutional wallet.

The integration is focused on simplifying cryptocurrency swaps and DeFi transactions in the Porto interface.

According to Anchorage Digital, this initiative will increase Solana’s liquidity by reducing transaction slippage.

The company is going to add the Solana Jupiter swap and liquidity aggregator to the control panel of Porto, its institutional self-service wallet. The move aims to expand cryptocurrency banking services for traditional financial clients working with DeFi.

The introduction of Jupiter into Porto should facilitate cryptocurrency conversion and other DeFi processes in the self-service wallet. Anchorage Digital said the integration will reduce reliance on third-party applications and increase Solana’s liquidity by reducing slippage – the difference between expected and actual prices.

The digital asset platform provider noted that institutions are often unable to effectively manage decentralized applications and third-party risk. Anchorage also pointed out that Jupiter users have difficulty accessing the platform through the institutional interface.

Nathan McCauley, CEO and co-founder of Anchorage Digital, emphasizes that real institutional adoption of DeFi requires an underlying infrastructure that meets the highest security and compliance requirements. He recognizes that integration with Jupiter is an important step toward building that foundation on Solana.

Anchorage Digital had already integrated Uniswap into Porto in June as part of an effort to give institutions direct access to DeFi swaps and liquidity. McCauley said the goal of the integration is to accelerate DeFi to “crypto-native” speeds without compromising security. Porto is also connected to Maple Finance, Sui Foundation and decentralized exchange dYdX.

Last week, CoinShares reported that investment in Solana exchange products reached nearly $300 million, surpassing funds tracking major altcoins including Bitcoin and Ethereum.

crypto-focused investment company also said inflows into the Solana ETF totaled nearly $1.9 billion, outperforming all digital assets except bitcoin and ethereum.

James Butterfill, head of research at CoinShares, explained that the increase in investments in Solana funds is partly due to upcoming exchange-traded fund (ETF) launches in the US. Nate Geraci, president of NocaDius Wealth Management, hinted on Sunday that the next two weeks could be critical for U.S. spot crypto-ETFs as the SEC is expected to rule on several applications.

Bloomberg ETF analyst Eric Balchunas said there is a 100 percent chance that the Solana ETF will be approved by the SEC. According to him, the Solana fund may appear at any time.

Standard Listing Requirements make 19b-4 and its “watch” an empty formality. We’ll have to wait for formal S-1 approval from Corp Finance, which just filed Amendment #4 for Solana.