Liquid Collective has introduced LsSOL, billed as the first institutional-grade liquid staking token on the Solana network. The product is designed to give asset managers and other professional investors a compliant, liquid way to earn staking rewards on SOL ahead of expected U.S. regulatory clearance for spot Solana exchange-traded funds. The launch is backed by a roster of crypto infrastructure providers. Anchorage Digital will handle custody, Fireblocks enables direct minting and redemption, and Coinbase Prime’s on-chain wallet supports storage. Kraken is adding trading pairs for LsSOL against SOL, U.S. dollars and ether, while Galaxy will offer over-the-counter liquidity and accept the token as collateral for structured products. Alluvial, the team behind Liquid Collective’s earlier LsETH product on Ethereum, provides enterprise-grade integration tools. Liquid Collective is seeking to capture a sizable pool of idle capital on Solana: more than $21 billion worth of SOL remains unstaked, and only about 14.2% of the network’s staked supply currently uses liquid staking solutions. Bloomberg analysts put the chance of spot Solana ETF approval in 2025 at 95%, a backdrop the consortium says could accelerate institutional demand for capital-efficient staking products such as LsSOL.