Solana-focused SOL treasury and infrastructure firm SOL Strategies has launched STKESOL, a liquid staking token backed by more than 500,000 SOL staked at inception, expanding the publicly listed firm’s infrastructure footprint across the Solana network.
In a statement shared with The Block on Tuesday, the Toronto-based Solana treasury company said STKESOL adds a new revenue-generating product alongside its validator operations and strategic SOL holdings, while allowing users to stake SOL for rewards and retaining liquidity for use across decentralized finance applications.
The STKESOL token will be available on several major Solana decentralized finance platforms, including Orca, Squads, Kamino, and Loopscale, the firm said, adding that it is seeking to expand the token’s distribution to additional platforms.
“STKESOL demonstrates our ability to build innovative technology that creates value for users and the entire Solana network while generating revenue for our business,” Michael Hubbard, Interim CEO of SOL Strategies, said in the statement. “This product leverages our core strengths and expertise in the Solana staking ecosystem to support dozens of Solana validators while offering a new liquid staking option to customers in the rapidly growing liquid staking market.”
Automated delegation and fee model
SOL Strategies’ liquid staking platform utilizes an automated delegation strategy that distributes user-deposited SOL across dozens of validators. The selection is based on the “Wiz Score” from the company’s validator analytics site, Stakewiz.com, which incorporates metrics for performance, reliability, and network health, the company said.
According to the statement, this multi-validator approach differentiates STKESOL from single-validator liquid staking options and aims to reduce concentration risk while supporting network decentralization.
SOL Strategies noted that it earns revenue from the platform through a combination of deposit fees and a percentage of the staking rewards generated by the pool.
Formerly known as Cypherpunk Holdings, SOL Strategies began accumulating SOL in the second quarter of 2024 and rebranded in September that year, doubling down on its Solana-focused strategy. The company currently holds 523,497 SOL, worth approximately $67 million, according to The Block’s Solana treasuries page.
According to the same dashboard, Forward Industries holds 6,910,568 SOL, Solana Company holds 2,300,000 SOL, DeFi Development Corp. holds 2,195,926 SOL, and Upexi holds 2,018,419 SOL.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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