The Anduril founder’s new venture secures a preliminary OCC charter to bridge the 'walled garden' of fiat and on-chain assets. Erebor promises institutional-grade, insured stablecoin banking to end the 'six-hop' friction of crypto capital markets.
The bank’s use of Token Extensions to settle institutional debt in USDC marks a definitive pivot from private blockchain experimentation to public network adoption. This transaction validates Solana’s infrastructure for high-frequency, regulated capital markets.
Bitwise Chief Investment Officer Matthew Hougan reveals that institutional ETF inflows are currently absorbing 3x to 4x the daily new supply of SOL. This structural imbalance signals a looming supply shock as the $260 trillion global investment market begins its rotation into Solana.
The launch of BSOL marks a watershed moment for institutional crypto, integrating Helius’s node infrastructure directly into a regulated NYSE product. This partnership solves the technical and regulatory complexity of on-chain staking for Wall Street’s largest allocators.
