Jupiter taps Bitwise to run USDe institutional pool on Solana

Jupiter announced it has selected Bitwise to serve as curator of an institutional USDe lending pool built on the Solana blockchain. Under the agreement, Bitwise will determine which institutional participants may access the pool and set the parameters that govern lending activity. Jupiter will supply the on-chain marketplace and routing infrastructure on Solana to facilitate USDe lending and borrowing.

The curator role includes vetting counterparties, defining eligibility and compliance standards, and allocating liquidity within the market. Bitwise will apply its operational and compliance processes to those responsibilities.

The market targets institutional actors seeking dollar-denominated on-chain liquidity with tighter operational controls than retail-focused pools. Institutional lending markets commonly require stricter counterparty checks, custody integrations and defined governance arrangements.

USDe refers to a dollar-pegged token used as the lending asset on Solana. Solana is a high-throughput blockchain used by many decentralized finance projects for trading, lending and liquidity because of low transaction fees and fast confirmation times. Jupiter operates as an on-chain liquidity aggregator and routing layer on Solana. Bitwise is a digital asset manager known for crypto index funds and exchange-traded products.

The agreement combines on-chain execution on Solana with off-chain compliance and oversight managed by Bitwise. The market design will use Solana for settlement and transaction processing while applying institutional controls through the curator role.