#Jito Raises $50M From #a16z for #Solana Expansion


Jito Foundation announced Thursday it has raised $50 million from Andreessen Horowitz's a16z crypto division through a private token sale, marking a significant investment in #Solana infrastructure.


The funding will support Jito Network's infrastructure scaling, developer tools expansion, and continued development of liquid staking solutions tailored to Solana's architecture. $JTO rose approximately 4% following the announcement, trading at $1.17 at press time.


Jito operates two core products that power its ecosystem. The validator client is optimized for Solana's high-speed network, while #JitoSOL serves as a liquid staking token with over $3.2 billion in market cap, allowing users to earn staking rewards while maintaining liquidity.


A16z crypto, one of the largest venture firms in the digital asset space and an early Solana investor, received an unspecified token allotment in exchange for its capital injection. The deal fosters long-term alignment between both organizations.

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October 16, 2025 at 6:09 PM
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