BitGo and Jupiter Enable SOL Staking for Eligible Institutions Through Existing Custody
Key Facts
BitGo Bank & Trust and Jupiter announced a partnership on October 28, 2026, enabling eligible institutional clients to stake SOL from existing BitGo custody accounts through the Jupiter x BitGo validator. Clients can delegate assets to the validator without transferring them to an external staking provider, according to BitGo’s announcement. The company said Jupiter is an independent party responsible for operating the validator and that BitGo does not control its performance. The arrangement places staking activity within custody accounts clients already use. Abel Seow, BitGo’s managing director and head of Asia-Pacific sales, said staking “should fit into existing custody and approval workflows” at institutions.
Jupiter Chief Operating Officer Kash Dhanda said operating the validator is the company’s way of investing in the network’s base layer, and that the partnership “brings institutional SOL to it on terms those institutions already trust.” Jupiter’s operation of the validator means it is responsible for managing its performance as an independent party, according to BitGo. The company says staking rewards are variable and not guaranteed. Yield on the Solana network depends on the current inflation rate, the total amount of SOL staked, and the validator’s uptime and commission, according to network documentation. Delegators’ returns are therefore linked to factors involving the network and validator, and the partnership alone does not determine reward levels.
BitGo provides access to an insurance program with coverage of up to $250 million, according to its announcement, subject to the policy’s terms, limits and exclusions. The company says the insurance does not protect against all losses and does not guarantee the value of assets or staking rewards. On Solana, staking status changes take effect at the start of a new epoch, which lasts about two days. No more than 25% of total active stake can be activated or deactivated during a single epoch, according to network documentation. If demand exceeds that limit, completing the change may take more than one epoch.
Solana documentation says slashing is not currently implemented in the protocol. It does, however, mention the possibility that delegators could lose tokens through slashing in the future. These risks add to yield changes linked to network factors and validator performance, as well as the waiting period required to change staking status. This framework outlines the operational risks associated with the service alongside the insurance coverage cited by BitGo. Coverage remains subject to its terms and does not include all losses, according to the company’s announcement.
The Jupiter partnership joins the SOL staking options BitGo offers its clients. In 2025, the company launched a route through Marinade Native that allows clients to start staking SOL from within BitGo wallets while the assets remain in their custody. In that integration, clients did not delegate tokens to a validator operated by Marinade; instead, multiple validators competed for the delegated stake, according to BitGo. In the new partnership, Jupiter operates the shared validator. The different mechanisms reflect the range of staking routes available through BitGo accounts, while the new service remains limited to eligible institutional clients.
BitGo’s second-quarter 2026 results show normalized staked assets of $11.9 billion, up 36.1% year over year and 3.0% from the previous quarter. The metric adjusts for the effect of changes in asset prices, according to the company’s disclosure. Staking revenue was $64.7 million in the same quarter, up 30.9% from the previous quarter but down 28.8% from the same period a year earlier. BitGo attributed the quarterly increase to higher institutional staking activity, while client mix and lower fee rates weighed on margins. Normalized staked assets thus rose year over year, while activity revenue declined compared with the second quarter of 2025.
BitGo shares, trading under the ticker BTGO, closed at $5.40 on October 26 and $5.65 on October 27, according to EL7 data. SOL closed at $101.35 on October 27, then at $102.42 on October 28. Across the recorded sessions since October 21, BTGO’s close fell from $6.08 to $5.65 on October 27, while SOL’s close declined from $106.97 to $102.42 on October 28. These are the closing levels reported in the data for the periods cited. BitGo is scheduled to report third-quarter results after the market closes on November 9, 2026, followed by a management call to review the results at 5:00 p.m. Eastern time.