WiremarketsDextape brief
Solmate Discloses 1.26M SOL Custody Positions and Says It Has No Binance Exposure
Solmate says its 1.26 million SOL were held with Kraken, Anchorage Digital or BitGo, offering a dated snapshot of treasury custody.
Dextape brief
Solmate Infrastructure issued an October 30 disclosure stating that it holds 1.26 million SOL with custodians Kraken, Anchorage Digital and BitGo, as of October 29. The company said it has no Binance accounts and no exposure to the exchange, and the statement follows an exchange security incident. The Form 6-K filing is described as a company statement about custody at one point in time, not an independent audit of every position. The disclosure does not explain how holdings are split among providers, the conditions on each account, or whether any tokens are committed elsewhere. A separate release said validator infrastructure continued operating normally, a distinct matter from where treasury tokens are held.
Why it matters: It shows how custody disclosures can separate counterparty exposure from broader market risk, which helps readers judge treasury companies after security incidents.
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Dextape context
Built from Dextape’s own wire, stories and glossary.
Terms in this story
- Custody
- Control of the keys or account permissions that authorize transfers.
Mentioned in this story
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