BitGo now offers SPL tokens (built on the Solana ecosystem) in hot wallets and for qualified custody. This gives BitGo clients even more ways to interact with DeFi beyond our existing Solana offering, which includes secure storage and staking for the SOL token.

What Is Solana?

Solana is one of the fastest-growing Layer 1 blockchains in the world today, providing high-speed transactions and low fees (currently averaging ​​$0.00025 per transaction). It achieves this through a combination of Proof of Stake and a new consensus mechanism called Proof of History. Consequently, Solana boasts a current throughput of over 3,000 transactions per second with an estimated peak potential of 65,000 transactions per second.

What Are SPL Tokens?

Solana is home to a number of DeFi applications that have seen significant growth since March 2020. This includes NFT marketplaces, decentralized exchanges, lending protocols, and more. BitGo has chosen to onboard four SPL tokens to start with more coming soon. The first four are USDC, USDT, GMT, and SRM.

Stablecoins are an integral part of the DeFi ecosystem and as such we have prioritized support for the two largest stablecoins today, USDC and USDT.

In addition to stablecoins, we are also supporting Project Serum (SRM) — one of the leading decentralized exchanges on the Solana chain — and STEPN (GMT). STEPN made headlines in both the traditional finance and DeFi worlds when it launched as the first mainstream lifestyle app built on a blockchain. Stepn rewards users with tokens for walking, running, or jogging when they own the STEPN NFT’s.

How to Get Started

To start holding SPL tokens with BitGo, go to your Solana wallet, click on settings, and click the ‘enable token’ button. If you are not a BitGo customer, reach out to sales@bitgo.com or fill out the connect with us form on our website.

About BitGo

BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com.

©2025 BitGo Inc. (collectively with its affiliates and subsidiaries, “BitGo”). All rights reserved. BitGo Trust Company, Inc., BitGo Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA. No legal, tax, investment, or other advice is provided by any BitGo entity. Please consult your legal/tax/investment professional for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless. The information provided herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. BitGo is not directing this information to any person in any jurisdiction where the publication or availability of the information is prohibited, by reason of that person’s citizenship, residence or otherwise.