Trezor Hardware Wallets Add Solana Staking Support

Trezor Suite has made it so Solana (SOL) holders can stake tokens directly from its hardware wallets while maintaining full asset control.

Trezor Suite, the software companion to Trezor hardware wallets, now supports Solana (SOL) staking, enabling users to delegate tokens while retaining full ownership, Satoshi Labs disclosed to Bitcoin.com News on March 19.

The feature, integrated with staking provider Everstake, allows SOL holders to select validators and delegate tokens directly through Trezor Suite. Staked assets remain self-custodied, meaning users retain control of private keys.

Staking SOL contributes to the Solana network’s security and offers up to 7% annual percentage yield (APY), according to Trezor. The minimum delegation requirement is 0.01 SOL, making the service accessible to small-scale holders. Trezor emphasized that its interface streamlines delegation without compromising security protocols.

The update is available for Trezor Model T, Trezor Safe 3, and Trezor Safe 5 devices, the company explained. Trezor Suite already supports buying, selling, and exchanging SOL, positioning it as an all-in-one management platform for the cryptocurrency.

Founded in 2013, Satoshi Labs pioneered hardware wallets for self-custody crypto storage. Its product suite includes devices and educational initiatives like Trezor Academy, launched in 2023 to promote safer crypto practices.

“With a low entry barrier of just 0.01 SOL, staking is accessible to a broad range of users,” the company detailed on Thursday. “The experience is further enhanced by Trezor Suite’s intuitive interface, which simplifies the delegation process while upholding the highest security standards.”