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Andreessen Horowitz’s a16z Invests $50M in Solana Staking Protocol Jito
Yahoo Finance·2025-10-16 22:56

Jito Foundation, a crypto protocol that supports the blockchain Solana (SOL), has raised 50millioninaprivatetokensaleledbyAndreessenHorowitzsa16zcrypto,itannouncedinapressreleaseThursday.ThefundingwillsupportthefoundationspushtoscaletheJitoNetworksinfrastructure,expanditsdevelopertools,andcontinuebuildingoutliquidstakingsolutionstailoredtoSolanasarchitecture.JITOroseabout450 million in a private token sale led by Andreessen Horowitz’s a16z crypto, it announced in a press release Thursday. The funding will support the foundation’s push to scale the Jito Network’s infrastructure, expand its developer tools, and continue building out liquid staking solutions tailored to Solana’s architecture. JITO rose about 4% on the news, trading at 1.17 at press time. At the center of Jito’s operat ...