Jito | Crypto

The investment deepens a16z’s exposure to Solana’s liquid staking ecosystem as US regulators begin clarifying how such products fit into securities law. A16z Crypto, the blockchain investment arm of venture capital firm Andreessen Horowitz, has invested $50 million in Jito, a liquid staking protocol that underpins the Solana network. The deal will grant a16z an undisclosed allotment of Jito’s native tokens at a discounted rate, according to a Fortune report Thursday. Brian Smith, executive director of the Jito Foundation, told Cointelegraph that the Jito Foundation has “an exceptionally long time horizon,” and the investment “will allow the Foundation to work to make Solana the home for internet capital markets well into the next decade.” Read more

Altcoin Season has remained fragmented, as capital has rotated toward liquid tokens with clear utility and news. Cronos has surged on treasury alignment and on-chain growth; Jito has benefited from governance changes; Hyperliquid has held strength on perpetuals activity and buybacks. The post These 3 Altcoins Are Exploding This Altcoin Season – Cronos, Jito, Hyperliquid Could Be The Next Millionaire Makers appeared first on Cryptonews.

Jito announced the filing of an exchange-traded fund (ETF) based entirely on Solana liquid staking tokens in a partnership with VanEck. According to an Aug. 22 announcement, the filing represents months of collaborative regulatory outreach between Jito and VanEck, beginning with initial meetings with the US Securities and Exchange Commission (SEC) in February.  The partnership […] The post VanEck and Jito file the first liquid staking-backed Solana ETF appeared first on CryptoSlate.

Jito Labs published a proposal for a Block Assembly Marketplace (BAM) on July 21, a transaction-sequencing system that would enable developers to run central-limit order books, perpetual exchanges, and dark pools on Solana without altering the base protocol. The design introduces a network of BAM Nodes that sit beside the existing validator set, order encrypted […] The post Jito proposes a block marketplace to turn Solana into a ‘decentralized Nasdaq’ appeared first on CryptoSlate.