Fidelity Expands Into Solana as Analysts Predict $500 Breakout

Fidelity Digital Assets has launched Solana (SOL) trading and custody across its retail, institutional, and wealth-management platforms. The move represents one of the largest traditional finance integrations of a non-Ethereum blockchain. It also broadens investor access to decentralized assets beyond Bitcoin and Ethereum.

The launch coincides with Solana’s renewed strength. Once dismissed after the FTX collapse, SOL has made a sharp recovery and now commands a market capitalization above $100 billion.

Fidelity confirmed Thursday that Solana trading is live on Fidelity Crypto for retail users, IRAs, wealth-management clients, and its institutional trading suite. The platform offers commission-free transactions but applies up to a 1% spread per trade.

New customers must open a Fidelity Brokerage account to access crypto features, though availability remains limited in some US states.

BREAKING: @Fidelity, the asset manager with $5.8 Trillion in AUM, makes SOL accessible for all US brokerage customers