Solana Staking Protocol, Jito (JTO) Gets $50M Investment from $46B AUM Andreessen Horowitz$SOL
Andreessen Horowitz acquired $50 million in JTO tokens from Solana staking protocol Jito in the largest single investor commitment to the platform.
Venture capital firm Andreessen Horowitz (A16Z) acquired $50 million worth of JTO, the native token of Solana staking protocol Jito, marking a significant institutional investment in one of Solana’s leading liquid staking platforms.
According to a Fortune report, the transaction marks the largest single commitment by an investor in Jito’s history.
Related article: Tether-backed Firm Launches Tokenized Gold (XAUT0) on Solana Blockchain
Brian Smith, executive director at the Jito Foundation, confirmed that the private deal is structured for long-term cooperation between both firms, hinting at discount incentives.#WhaleAlert #BinanceHODLerYB #PowellRemarks $BNB