Crypto finance giant Galaxy Digital, leading market maker Jump Trading, and venture capital firm Multicoin Capital announced a $1 billion (approximately 1.4 trillion KRW) funding package to acquire Solana (SOL) tokens.
This move demonstrates ongoing institutional interest in the Solana ecosystem and reflects strong confidence in the network’s long-term growth potential.
Growing Institutional Confidence in Solana
In recent years, Solana has attracted attention from both users and investors due to its high transaction capacity, low fees, and developer-friendly infrastructure.
The funding agreement by Galaxy Digital, Jump Trading, and Multicoin Capital underscores that Solana is viewed as a top-tier blockchain not only among crypto investors but also in the institutional finance world.
Purpose of the Fund
The $1 billion funding will be used to purchase Solana tokens. Experts suggest this step will:
- Increase liquidity within the ecosystem
- Support institutional demand
- Strengthen SOL price stability
- Signal investment in the network’s long-term growth
Significance for the Industry
Such large-scale capital inflows play a critical role in supporting Layer-1 projects outside of Ethereum in the crypto market.
Solana, with its broad applications from DeFi to NFTs and tokenization solutions, has become one of the most prominent projects on institutional investors’ radar.
This support will encourage new projects within the Solana ecosystem and reinforce SOL’s position as a strategic asset in global crypto markets.
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