What Jupiter Exchange does

Jupiter Exchange is a decentralized finance platform operating on the Solana blockchain, offering an integrated suite of products that combine trading, lending, and staking within a single on-chain interface. The platform's core product is Jupiter DEX, a decentralized exchange enabling 24/7 trading of tokenized assets including cryptocurrencies and tokenized equities such as SpaceX shares ($SPCX) integrated via a partnership with Backpack Securities. Complementary products include Jupiter Offerbook, a decentralized lending protocol that allows users to borrow USDC against tokenized or crypto positions; Jupiter Lend, which provides lending vaults with rehypothecation for capital efficiency; Jupiter Staking, a validator and liquid staking platform for SOL tokens generating approximately 7% gross annualized yield; and Limit Order V2, an advanced order system with privacy protections against MEV exploitation and front-running.

The platform serves two primary customer segments: crypto-native DeFi users seeking a unified, low-friction on-chain experience for trading, lending, payments, and stablecoin transfers; and institutional investors seeking exposure to tokenized real-world assets with continuous liquidity, collateralized borrowing, and yield generation on equity positions. Notable enterprise relationships include Sharps Technology, a NASDAQ-listed medical device company operating a digital asset treasury strategy deploying over 2 million SOL (valued at more than $400 million) through Jupiter's staking infrastructure, and Backpack Securities, which partnered to bring tokenized SpaceX equity onto the platform following SpaceX's June 2026 Nasdaq IPO.

Jupiter's revenue model is transaction-fee-based, capturing fees on DEX swap trades and lending protocol activity. Distribution is self-serve and community-led, relying on ecosystem partnerships, thought-leadership via podcast appearances by leadership, and organic adoption within the Solana ecosystem rather than traditional sales channels. The company is headquartered in New York, was founded in 2022, and operates with 51–100 employees. In December 2025, Jupiter expanded its strategic scope by acquiring RainFi to enter on-chain credit markets, stablecoins, and omnichain connectivity, and appointed Xiao-Xiao J. Zhu as President to lead that expansion.

Name

Jupiter Exchange

Website

https://jupiterexchange.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

51–100 employees

Short description

Jupiter Exchange is a Solana-based decentralized finance platform offering integrated trading, lending, staking, and tokenized-asset services. It serves crypto-native DeFi users and institutional investors seeking 24/7 on-chain liquidity and yield generation via products including Jupiter DEX, Jupiter Offerbook, Jupiter Lend, and Jupiter Staking.

Ownership category

akta.pro rank

Product category

Decentralized Finance (DeFi) Platform

NAICS

Securities and Commodity Exchanges (52321)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

DEX Aggregation & On-Chain Execution (routing, RFQ, intent-based trading) (FSAPAEAD)

Keywords

• Decentralized exchange
• DeFi lending protocol
• Liquid staking platform
• Tokenized asset trading
• Onchain credit markets

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. DEX Trading Fees: Jupiter Exchange operates as a decentralized exchange on Solana, generating revenue through trading fees on swap transactions executed through its platform.
2. Lending Protocol Fees: Jupiter Offerbook decentralized lending protocol likely generates fees from borrowing activities against tokenized positions.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels1 record

Core offering

Jupiter Exchange operates a decentralized finance (DeFi) platform on the Solana blockchain that aggregates trading, lending, and payments into an onchain super app. Its core products include a decentralized exchange (DEX) for token swaps and 24/7 trading of tokenized assets, decentralized lending protocols (Jupiter Offerbook and Jupiter Lend) for borrowing USDC against crypto and tokenized equity positions, and a validator and liquid staking platform for SOL. The platform also acquired RainFi to expand on-chain credit market capabilities and supports omnichain stablecoin and asset transfers.

Product overview

Jupiter Exchange is a unified DeFi platform on Solana offering interconnected products: Jupiter DEX as the core decentralized exchange, Jupiter Lend for lending with rehypothecation vaults, Jupiter Offerbook for decentralized borrowing, Jupiter Staking for SOL validation and liquid staking, and Limit Order V2 for privacy-protected trading. The platform also acquired RainFi to expand its on-chain credit market capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Jupiter DEX Decentralized exchange (DEX) operating on the Solana blockchain that enables 24/7 trading of tokenized assets, including tokenized equities such as SpaceX shares ($SPCX), and cryptocurrency token swaps. Designed for crypto-native traders, DeFi users, and institutional investors seeking continuous onchain liquidity.
• Jupiter Offerbook Decentralized lending protocol enabling investors to borrow USDC against their tokenized asset positions, supporting 24/7 liquidity access for hedging against post-IPO volatility or generating yield while retaining equity exposure. Targeted at institutional and retail investors holding tokenized real-world assets.
• Jupiter Lend Lending product featuring vaults that employ rehypothecation for collateral management, allowing users to lend and borrow against crypto positions with capital-efficient collateral utilization. Targeted at DeFi users seeking leveraged exposure or yield on crypto collateral.
• Jupiter Staking Validator and liquid staking platform for SOL tokens, supporting Solana network validation and security while delivering staking yields (approximately 7% gross annualized yield in disclosed partnerships). Targeted at SOL holders and institutional treasuries seeking yield on Solana holdings.

Quantifiable outcome

• Sharps Technology generates approximately 7% gross annualized yield through Jupiter's staking infrastructure with 95% of SOL staked
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Backpack SecuritiescoreStrategic or Co-development Partner · 17 June 2026Backpack Securities, in partnership with Jupiter Exchange, integrated tokenized SpaceX shares ($SPCX) into the Solana ecosystem. This integration enables 24/7 trading of SpaceX equity and allows investors to borrow USDC against their positions through the Jupiter Offerbook decentralized lending protocol. The partnership followed SpaceX's historic Nasdaq IPO on June 12, 2026, raising $75 billion at an initial share price of $135.
• RainFicoreTechnology or Integration · 11 December 2025Jupiter DEX acquired RainFi to enhance Solana's on-chain credit markets. RainFi's community received JUP token rewards in early 2026. Xiao-Xiao J. Zhu was appointed as the new president to focus on development and expansion including stablecoins and omnichain connectivity. The acquisition strengthens Jupiter's credit market infrastructure.
• Sharps TechnologycoreStrategic or Co-development Partner · 23 September 2025Sharps Technology, a NASDAQ-listed medical device company, announced a strategic partnership with Jupiter Exchange to utilize Jupiter's staking infrastructure as part of its treasury strategy. The collaboration involves STSS staking SOL tokens into Jupiter's validator and liquid staking platform, leveraging over two million SOL valued at more than $400 million. This initiative supports Solana network validation and security while expanding liquidity and staking yields, with approximately 7% gross annualized yield generated.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Tessera: Tessera (formerly Fractional.art) is the pioneer of NFT-based fractional ownership of high-value alternative assets, most notably used to fractionalize fine art. It is the most direct comparable to Jupiter Exchange's stated fractional NFT model.
• Courtyard: Courtyard is a tokenized collectibles marketplace that issues NFT-backed fractional claims on real-world alternative assets. Its model of fractional NFT ownership of physical collectibles is closely aligned with Jupiter Exchange's alternative-asset fractionalization focus.
• Masterworks: Masterworks is a regulated platform for fractional ownership of blue-chip art, allowing investors to buy shares in individual artworks. Although not NFT-native, it competes in the same fractional alternative asset exchange category.
• SuperRare: SuperRare is a curated NFT marketplace focused on high-value digital art and rare collectibles, with overlap to Jupiter Exchange's alternative-asset positioning and a comparable premium-asset target audience.
• Nifty Gateway: Nifty Gateway is a curated NFT platform (owned by Gemini) that focuses on high-profile drops and premium digital collectibles. Its positioning on curated, higher-value NFT assets is comparable to Jupiter Exchange's alternative-asset focus.

Broad incumbents

• OpenSea: OpenSea is the largest NFT marketplace by trading volume and a broad incumbent in the digital asset exchange space. It competes for users and listings in NFT-based alternative asset categories but does not specialize in fractionalization.
• Magic Eden: Magic Eden is a leading multi-chain NFT marketplace with significant liquidity and brand recognition. It is a broader incumbent that could expand into fractional alternative asset offerings, competing with Jupiter Exchange's niche.
• Rarible: Rarible is a multi-chain NFT marketplace with a community-governed token and broad collectibles focus. It competes for general NFT exchange users and has overlap with Jupiter Exchange in digital asset trading.
• Blur: Blur is a high-volume professional NFT marketplace and aggregator with substantial capital and trading liquidity. It is a broader incumbent in NFT exchange that any alternative-asset-focused venue must contend with.

Emerging players

• Particle: Particle (previously known for fractional art) operates in the fractionalized digital collectibles space using NFT-based ownership claims. It is an emerging player with a closely comparable product model to Jupiter Exchange's stated business.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jupiter Exchange