Allows SOL borrowing without moving the anchor protection
Anchorage Digital has partnered with Camino and Solana Co. to develop a structure that allows institutions to take out loans on proprietary Solana, potentially addressing a key disconnect between traditional finance and decentralized lending markets.
In Friday's announcement, Anchorage said the initiative will expand the Atlas collateral management platform by integrating the Solana-based decentralized lending protocol with Camino.
The effort is being led by Solana Treasury (SOL), a Solana company formed in partnership with Pantera Capital and Summer Capital.
Under the structure, the institutions can use native equity SOL as collateral while the assets are held by Anchorage Digital Bank, a federally chartered crypto bank. This means investors can continue to earn high rewards when they access liquidity through Camino's Lending Markets.
Anchor, as a collateral manager, monitors loan-to-value ratios, margin requirements and, if necessary, liquidity. Institutions do not need to transfer assets to modern contracts as the holdings are held separately, a requirement that has limited the participation of historically controlled parties.
Related: Solana Treasuries Sits Over $1.5B in Paper SOL Losses
DeFi legislation hangs in the balance.
The merger between Anchorage Digital, Camino and Solana Co. reflects growing institutional interest in decentralized finance. However, that progress is taking place against an uncertain regulatory backdrop in the United States, where lawmakers are still debating how to regulate digital assets and DeFi platforms.
At the center of the debate is the proposed CLARITY Act to establish clear jurisdictional boundaries and regulatory standards for digital assets, including DeFi protocols.
While the bill is intended to reduce uncertainty for market participants, some DeFi advocates argue that it falls short in addressing how decentralized protocols, developers and governance structures should be treated by law.
Industry groups have raised concerns that early draft language, including amendments released in January, did not sufficiently distinguish between centralized and decentralized systems.
Amidst the future of the CLARITY Act, the Trump administration convened a meeting with industry representatives earlier this month to defuse the controversy and gather feedback on the outstanding provisions related to DeFi regulation and market structure.
Related: Who gets the product? Transparency law will be a war on the onchain dollar.
