Galaxy Digital, Multicoin Capital and Jump Crypto are looking for around $ 1 billion to collect a Solana Treasury via a exhibition vehicle, according to BloombergWith Cantor Fitzgerald involved as the main banker and a takeover of a listed entity that is considered for the structure.
The effort, described as ongoing conversations, would create what characterizes the report as the largest special Sol Treasury.
The wrapper considered reflects well-known business trade technicians, use public stock and financing aids to scale to crypto-exposure that can later be supported by converts or pipes.
Recent activity around Cantor-supported crypto-treasure boxes shows that the path exists in traditional markets, including a Nasdaq listing plan for Bitcoin Standard Treasury Company via a Cantor-Lied Spac, which would mention a balance with more than 30,000 BTC.
Timing remains an important variable. The Bloomberg account, as passed on in the summaries of the trading players on the same day, points to a closing goal at the beginning of September and a green light from the Solana Foundation, while noticing that details could change and the parties refused to comment. These elements underline that the plan is closed in advance and is subject to the risk of market and regulatory implementation.
The choice of Solana corresponds to how trade on chains has shifted this year. OKXs State of Dex 2025 Solana accounted for around 48 percent of the decentralized exchange volume, with activity crooked to smaller retail trade, while Ethereum and its low 2s tickets kept dominating above $ 50,000. That split helps explain why a sola aggregator of shares can be noted on width and liquidity on Solana, while acknowledging that institutional block current often retains an ETH pre-trial.
The companies mentioned in the Bloomberg report already have contact points with the ecosystem. Galaxy launched Solana-Index-Tracking Funds in 2021 In addition to the Bloomberg Galaxy Solana index, it establishes an early institutional product that is bound to Sol prices.
Multicoin has publicly articulated a multi-year Solana thesis focused on transit and vertical integration. These histories offer context why they would coordinate today on a larger balance approach.
The potential vehicle would also enter a field of emerging SOL set boxes. Upexi revealed purchases of closed Sol closed and said that his interests exceeded $ 100 million this spring, part of a pivot point to a sol-contrictioned treasury strategy that includes validator activities and financing through shares and convertibles.
Defi Development Corp., which has prepared itself as an SOL accumulator, reported the crossing of 846,000 SOL and repeated his intention to worsen through deploying yields. These movements indicate how listed companies Sol on balance sheets operation cultivation.
If the Cantor-recommended SOL vehicle closes with the timeline described, it would formalize a public market route for consolidated sol-acquisition, which may create a stockproxy for investors who cannot keep the token directly and a repeatable template for future Altcoin Treasury structures.
For the time being, the initiative is in the discussion phase, with the size goal, banking role and takeover-company framework for takeover in Bloomberg in the Bloomberg report.
