Wise Integrates 66,000 SOL into Its Own Validator Node

Japanese listed company Wise has connected approximately 66,000 Solana (SOL) held by SBI VC Trade to its own validator node. This structure allows for the maintenance of the exchange's custody system while operating through specific validator nodes. Wise has collaborated with SBI VC Trade to incorporate this amount into its validator node, which operates under a structure where both existing staking rewards and validator node rewards are generated. Validators are entities that verify transactions on the blockchain and participate in network operations, while staking involves entrusting held assets to validators to contribute to network operations and receive rewards. The operational scale of Wise's validator node increased from approximately 92,000 SOL on July 31 to about 210,000 SOL on August 10. In June, Wise announced a treasury business partnership focused on SOL operations with SBI VC Trade, and the current total holdings of Wise are reported to be 66,458.08 SOL.

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