What Kamino Finance does

Kamino Finance is a Solana-based decentralized finance protocol founded in 2021 that provides borrowing, lending, liquidity provision, and yield strategies to both retail DeFi users and institutional capital allocators. Its core products include algorithmic lending markets, liquid staking token (LST) integrations, and an institutional lending suite built around a tri-party custody model with Anchorage Digital Bank, which allows borrowers to pledge assets and access on-chain credit while the collateral remains in a federally regulated custody institution. The protocol is accessible to retail users through integrations with major Solana venues including Orca, Squads, Loopscale, and Raydium.

The protocol is a co-founder of the Figure Technology Solutions-led Real-World Asset consortium on Solana, which also includes Chainlink and Raydium and supports the PRIME liquid staking token and over $1B in monthly on-chain loan originations. VanEck's analysis identifies Kamino as one of five core infrastructure builders on Solana — alongside Pump.fun, Phantom, Helium, and Jupiter — collectively responsible for $1.4T in DEX volume and $4.5T in stablecoin transfers. Additional integrations include Backed Finance's xStocks tokenized U.S. equities as collateral, and SOL Strategies' STKESOL liquid staking token for multi-validator stake distribution.

The business model is protocol-based: Kamino generates revenue from interest rate spreads on lending markets, deposit and borrowing fees on LST integrations, and likely a share of fees on RWA consortium originations, with the institutional segment (vertical: institutional finance) designated as primary. Headcount is 11-50 and the company remains private, with no disclosed funding rounds, revenue figures, management team details, or pricing model in the available source material.

Name

Kamino Finance

Website

https://app.kamino.finance

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Kamino Finance is a Solana-based DeFi protocol offering borrowing, lending, liquidity, and yield strategies to retail and institutional users, with a tri-party custody model via Anchorage Digital that enables compliant on-chain institutional credit.

Ownership category

akta.pro rank

Product category

Decentralized Finance (DeFi) Protocol

NAICS

Nondepository Credit Intermediation (5222), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Miscellaneous Business Credit Institution (6159), Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Decentralized Lending & Borrowing Protocols (FSADAMAA)

akta.pro secondary industries

Institutional DeFi & On-Chain Liquidity Infrastructure (Permissioned DeFi, Lending) (FSAGAMAG), Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield) (FSAPAEAG), Liquidity Management & Market-Making Protocols (FSADAMAH)

Keywords

• Decentralized lending protocol
• Liquid staking tokens
• Institutional DeFi
• Real-world asset tokenization
• Solana DeFi infrastructure

GTM type

B2B and B2C

Offering type

Software

Cost components

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

Distribution channels1 record

Core offering

Kamino Finance is a Solana-based decentralized finance (DeFi) protocol that provides borrowing, lending, liquidity provisioning, and yield strategies. The platform offers institutional-grade lending products developed with Anchorage Digital through a tri-party custody model that allows on-chain borrowing while keeping assets in regulated custody, and participates in Figure's real-world asset (RWA) consortium alongside Chainlink and Raydium.

Product overview

Kamino Finance is a Solana-based DeFi protocol that provides institutional-grade financial services. The core offering centers on institutional lending products developed with Anchorage Digital, featuring a tri-party custody model that enables on-chain borrowing while maintaining regulated custody. The protocol participates in Figure's RWA consortium alongside Chainlink and Raydium to connect traditional credit markets with DeFi, supporting PRIME liquid staking token and over $1 billion in monthly on-chain loan originations. Kamino is recognized as one of five key builders driving Solana's ecosystem dominance.

Differentiator

Problem solved

Functional benefit

Products and services

• Institutional Lending Products
• Solana DeFi Protocol

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• Anchorage DigitalcoreStrategic or Co-development Partner · 19 March 2026Kamino partnered with Anchorage Digital's Atlas network for institutional-grade collateral management services for digital asset lending. The Atlas Network has grown to nearly 600 participants with tens of billions of dollars settled and up to $4 billion in assets under custody. Cantor Fitzgerald, Spark, and Kamino are partners utilizing Anchorage's 24/7 secure and compliant infrastructure.
• Solana CompanyflagshipStrategic or Co-development Partner · 14 February 2026Anchorage Digital, Kamino, and Solana Company announced a joint institutional capital venture focused on a tri-party custody model on the Solana blockchain. This initiative enables on-chain borrowing without moving assets out of regulated custody at Anchorage Digital Bank, using Solana's high-performance blockchain to integrate traditional finance with DeFi while expanding acceptable collateral types.
• SOL Strategies Inc.coreTechnology or Integration · 20 January 2026SOL Strategies launched STKESOL liquid staking token available on major DeFi platforms including Orca, Squads, Kamino, and Loopscale. The token distributes stake across multiple validators and generates revenue through deposit fees and staking rewards.
• Figure Technology SolutionscoreStrategic or Co-development Partner · 4 December 2025Figure Technology Solutions launched an RWA consortium on Solana partnering with Kamino Finance, Chainlink, and Raydium to support PRIME liquid staking token. The consortium aims to democratize access to institutional-grade yields from over $1 billion in monthly on-chain loan originations, connecting traditional credit markets with DeFi.
• ChainlinkcoreTechnology or Integration · 4 December 2025Chainlink is part of the RWA consortium with Kamino Finance, Figure Technology Solutions, and Raydium to support PRIME liquid staking token deployment on Solana blockchain.
• RaydiumcoreTechnology or Integration · 4 December 2025Raydium is part of the RWA consortium with Kamino Finance, Figure Technology Solutions, and Chainlink to support PRIME liquid staking token deployment on Solana blockchain.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Compound: Pioneer DeFi money market protocol offering algorithmic lending and borrowing. Comparable to Kamino in core functionality (money markets, collateralized debt positions) and target user base of crypto-native lenders and borrowers.
• Maple Finance: Institutional-focused DeFi lending protocol with credit underwriting and KYC'd pools. Closely comparable to Kamino's institutional lending thesis and tri-party custody model.
• Aave: Largest decentralized lending and borrowing protocol across multiple chains. Direct competitor to Kamino's lending markets, with overlapping borrower/lender mechanics and similar collateral-management functionality.
• Solend: Solana-native lending and borrowing protocol. Direct competitor in the same chain and user base, offering money markets and collateralized borrowing against Solana assets.
• MarginFi: Solana-based DeFi lending and margin trading protocol. Direct peer competing for the same Solana liquidity providers and borrowers as Kamino.
• MakerDAO: Decentralized credit protocol issuing the DAI stablecoin via overcollateralized debt positions. Closely comparable to Kamino's CDP and money-market products and the broader collateral management layer.

Emerging players

• Morpho: Optimized lending layer built on top of Aave/Compound with peer-to-peer matching. Comparable technology approach to Kamino's lending infrastructure and shares the institutional credit thesis.
• Figure Technology Solutions: Blockchain-native credit and RWA origination platform. Direct co-partner in the PRIME RWA consortium and comparable in bridging traditional credit markets to on-chain lending alongside Kamino.

Broad incumbents

• Jupiter: Solana's largest DEX aggregator and liquidity routing layer. Complementary rather than directly competing, but overlaps with Kamino's liquidity integration footprint and shares the top-five builder status on Solana.
• Raydium: Solana-native AMM and liquidity protocol. Overlaps with Kamino's liquidity provision and is a direct RWA consortium co-partner, sharing institutional Solana distribution.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/kamino
• LinkedInlinkedin.com/company/kamino-finance

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Kamino Finance