The path to mainstream financial adoption for Solana has grown clearer following a significant move by one of Germany’s leading retail banks. ING Germany has opened its platform to Solana-based investment products, allowing clients to gain exposure to the cryptocurrency directly through their standard securities accounts. This development provides a crucial bridge for investors seeking crypto assets without the technical complexities of managing private keys and digital wallets.
A Simplified Investment Channel
As of February 3, clients of ING Germany can purchase Solana-backed Exchange Traded Products (ETPs) via their ING-DiBa Direct Depot. This expansion adds Solana to the bank’s existing roster of cryptocurrency offerings, which already includes Bitcoin and Ethereum.
The available ETPs are issued by established financial providers, including 21Shares, Bitwise, and VanEck. These instruments track the price of SOL and are traded on regulated exchanges. The primary advantage for the average investor is the elimination of technical barriers; access is facilitated entirely through familiar banking infrastructure.
Key Details of the Offering:
– Purchases are executed through a standard securities account (ING-DiBa Direct Depot)
– Products are supplied by 21Shares, Bitwise, and VanEck
– No digital wallet management is required due to the securities-based structure
Tax Benefits for German Investors
A compelling aspect of this development for the domestic market is the favorable tax treatment. Under German law, these crypto ETPs are taxed similarly to directly held cryptocurrencies. This means investors can realize capital gains tax-free after a holding period of more than one year. This significant benefit now extends to bank-facilitated products.
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Martijn Rozemuller, CEO of VanEck Europe, described the move as providing “low-threshold access” within existing portfolio frameworks, accompanied by transparent cost structures.
Institutional Momentum Amid Market Volatility
ING’s announcement is part of a broader wave of institutional activity surrounding the Solana blockchain, even as its token faces market headwinds.
- On January 28, WisdomTree expanded its tokenized fund offerings onto the Solana network. Through its WisdomTree Connect and WisdomTree Prime platforms, the firm aims to provide access to various asset classes, from money market funds to equities and bonds.
- According to the Solana Foundation, the total value of Real-World Assets (RWAs) tokenized on its blockchain has now surpassed $1 billion.
- Ondo Global Markets expanded to Solana on January 21, where it now offers over 200 tokenized U.S. equities and ETFs on-chain.
Despite this ecosystem growth, market sentiment remains cautious. SOL is currently trading at $93.79, marking a new 52-week low. The price has declined significantly over the past 30 days, illustrating that improved accessibility and a growing network narrative cannot, in the short term, compensate for broader market instability.
The overarching trend, however, is evident. ING’s integration makes Solana substantially more “bankable” for German retail investors. Coupled with the rapid expansion of real-world asset tokenization on its network, the focus around Solana is gradually shifting from pure cryptocurrency speculation toward regulated, packaged financial products.
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