finance
Jupiter Exchange Forms Institutional Lending Partnership With Bitwise
Jupiter Exchange announced its first institutional lending partnership. Bitwise will curate an Ethena market on the Jupiter Lend platform. The development marks Jupiter's initial move into institutional crypto lending services.
May 13, 11:45 AM·1m read1 source
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The announcement, reported by CoinDesk on Wednesday, positions the Solana-based decentralized exchange to expand its services beyond retail users. Jupiter Lend allows users to lend and borrow crypto assets, and the new partnership introduces an institutionally focused market.
Bitwise, a digital asset investment firm, will handle curation of the Ethena-related lending pool. The arrangement aims to bring more structured lending options to institutional participants through Jupiter's platform.
Exchange operates primarily on the Solana blockchain and has grown into one of the network's largest decentralized finance aggregators. Its lending product, Jupiter Lend, was introduced to complement existing swap and perpetual trading services. The addition of an institutional tier reflects broader industry efforts to bridge traditional finance with decentralized protocols.
Such partnerships can help decentralized platforms meet compliance and operational standards sought by larger investors. No additional details on specific terms, launch timing or asset parameters were disclosed in the initial announcement.
