Solomon names institutional SOLO holders and outlines its onchain distribution framework

Solomon, a platform focused on managing economic relationships around onchain assets, said Colosseum, Theia, DBA and Anagram have backed the project by holding SOLO. According to the company, those firms became holders at different stages of Solomon’s development. Some joined its public sale, while others acquired SOLO through market purchases or over-the-counter transactions, and several later increased their positions. Solomon said its model is built around public ownership, with institutional backers and individual holders using the same ownership and governance token and sharing an interest in the project’s long-term development. The company also described the operational problem it is trying to address as more financial assets move onchain: businesses need systems to manage revenue, incentives and obligations, including eligibility checks, payment calculations and policies that apply across products, customers and jurisdictions. Solomon said issuers and applications can use its platform to configure yield, rewards, dividends and other distributions while retaining control over eligibility, approvals, allocations and commercial relationships. It added that USDv is an early implementation of that framework, allowing eligible holders to receive rewards without staking, wrapping or locking tokens. Solomon said its next step is to serve more issuers and enterprises and expand USDv usage across trading pairs, treasuries and applications.