Press Releases

Solstice Tops $400M TVL as NYSE-Listed Bullish Joins Its Institutional Allocator Base

May 22, 2026

New York, United States, 22nd Could 2026, Chainwire

New York, United States, Could 22nd, 2026, Chainwire

NYSE: BLSH allocation marks a brand new threshold for regulated capital transferring onchain by way of Solana’s yield infrastructure, becoming a member of greater than 30 present institutional allocators deploying capital by way of Solstice’s protocol. The allocation cements Solstice as Solana’s yield-as-a-service layer, the infrastructure regulated capital depends on to entry onchain returns, and pushes whole worth locked previous $400M forward of the protocol’s token technology occasion.

Solstice Finance, the yield-as-a-service layer powering institutional capital on Solana, in the present day introduced a capital allocation from NYSE-listed crypto change Bullish (NYSE: BLSH), including one of the crucial acknowledged names in regulated digital property to its allocator base days forward of its token technology occasion.

Bullish has deployed capital into eUSX, Solstice’s onchain delta-neutral yield technique. The allocation locations one of the crucial acknowledged names in regulated digital property into Solana’s institutional yield infrastructure.

The dedication builds on a relationship already in place. Solstice and Bullish are each founding members of the World Greenback Community (GDN), the Paxos-led consortium of greater than 100 establishments constructing a regulated digital greenback. USDG, the community’s digital greenback, is among the many collateral property backing USX, the overcollateralized stablecoin that underlies the Solstice ecosystem. For Bullish, the allocation extends that relationship from shared infrastructure into deployed onchain capital.

eUSX has run for 3 years with constructive month-to-month returns throughout each quarter since launch, a report regulated allocators can audit immediately. Complete worth locked throughout Solstice merchandise now exceeds $400 million as of Could 20, 2026. With this allocation, Bullish joins an institutional base of greater than 30+ allocators deploying throughout Solstice’s onchain merchandise, together with Bitcoin Suisse AG, Fasanara Capital, and RockawayX, a roster that alerts the place institutional capital is transferring as yield goes onchain on Solana.

“Bullish continues to search for methods to carry institutional requirements to onchain markets, and allocating to a technique with a multi-year working report is according to that strategy. Our present work with Solstice by way of the World Greenback Community made this a pure extension,” mentioned Tarun Kapoor, VP of Bullish. “The Solana DeFi ecosystem has matured into the venue the place regulated individuals can run capital at scale, and Solstice has been constructing the framework for that your complete time. Allocating to the their technique is according to our work to carry institutional requirements to onchain markets.”

“Three years in the past, we made a guess that onchain yield must meet institutional requirements earlier than institutional capital would ever belief it. So we constructed for that future first: audited returns, certified custody, regulated entities, every day NAV reporting, none of it on the expense of what makes DeFi value constructing,” mentioned Ben Nadareski, CEO of Solstice. “That capital is arriving now. When an NYSE-listed change like Bullish allocates onchain, it confirms that participation from establishments like Bullish displays how onchain yield is maturing.”

Bullish’s dedication to Solstice displays rising institutional engagement with onchain protocols. With Bullish and Paxos taking part within the GDN, Solstice is positioned on the intersection of institutional greenback infrastructure and Solana DeFi.

About Solstice

Solstice Finance, a Deus X Capital invested firm, is reimagining monetary asset administration for the on-chain period. Key merchandise embody USX, Solana’s largest native stablecoin, and YieldVault, a democratized yield-bearing protocol providing institutional-grade yields. Solstice additionally operates Solstice Staking, securing over $1 billion in property throughout 8,000+ validator nodes.

About Bullish

Bullish (NYSE: BLSH) is an institutionally centered international digital asset platform that gives regulated market infrastructure and data companies. This contains Bullish Trade – an institutionally centered digital property spot and derivatives change, integrating a high-performance central restrict order e book matching engine with automated market making to supply deep and predictable liquidity. Bullish Europe is regulated below MiCAR as a crypto asset service supplier providing spot buying and selling and custody companies for digital property.Bullish is the mother or father firm of CoinDesk, a number one supplier of digital asset media and data companies. CoinDesk’s choices embody: CoinDesk Indices – a group of tradable proprietary and single-asset benchmarks and indices that observe the efficiency of digital property for international establishments within the digital property and conventional finance industries; CoinDesk Knowledge – a broad suite of digital asset market information and analytics, offering real-time insights into costs, traits and market dynamics; and CoinDesk Insights – a digital asset media and occasions supplier and operator of coindesk.com, a digital media platform that covers information and insights about digital property, the underlying markets, coverage and blockchain know-how.