SOL Methods is buying privacy-focused cross-chain aggregator HoudiniSwap for $18M in money, notes, and inventory because it builds an institutional Solana treasury and routing stack.
Abstract
- Nasdaq-listed Solana treasury agency SOL Methods has agreed to amass non-custodial cross-chain aggregator HoudiniSwap in a deal valued at $18 million.
- The consideration contains $8.25 million in money, $5.75 million in six-month notes, and $4 million in STKE inventory, priced off a 90-day VWAP.
- HoudiniSwap, which focuses on privacy-preserving cross-chain swaps and routing throughout CEXs, DEXs, and bridges, generated about $13 million in income final yr.
In line with reporting from The Block, SOL Methods has signed a definitive settlement to amass HoudiniSwap for $18 million because it continues to construct out its Solana-centric infrastructure and providers stack.
Money, notes, and inventory fund HoudiniSwap takeover
Deal phrases embrace $8.25 million in money, $5.75 million in six‑month promissory notes, and $4 million in SOL Methods’ personal STKE shares, with the fairness element calculated utilizing the amount‑weighted common STKE value over the 90 buying and selling days earlier than closing.
SOL Methods, which trades on Nasdaq underneath the ticker STKE and on the Canadian Securities Trade as HODL, describes itself as an institutional Solana validator and treasury platform with roughly $94 million value of SOL in its personal holdings as of late 2025.
The corporate has beforehand used acquisitions and structured financing to increase its footprint, together with shopping for Laine, considered one of Solana’s largest impartial validators, and securing as much as $500 million in capital commitments to buy and stake SOL on behalf of institutional purchasers.
Privateness-focused cross-chain routing comes right into a listed automobile
HoudiniSwap is a non‑custodial, privateness‑targeted cross‑chain swap and aggregation platform that lets customers route trades privately throughout centralized and decentralized exchanges in addition to blockchain bridges.
The service makes use of Monero as a “tunnel” asset, breaking the seen on‑chain hyperlink between a sender pockets and a recipient pockets by shifting funds into XMR and again out right into a goal asset, making it considerably more durable for analytics companies to hint flows finish‑to‑finish.
Documentation and advertising supplies stress that HoudiniSwap “doesn’t take custody of, retailer, transmit, or route person funds” however as an alternative acts as a liquidity aggregator and conduit between vetted exchanges and bridges, positioning the product as a compliant various to illicit mixers.
In line with figures cited across the acquisition, HoudiniSwap generated roughly $13 million in income over the previous yr, off the again of rising demand for personal, cross‑chain swaps throughout greater than 100 supported networks and belongings.
In a latest crypto.information overview, SOL Methods’ public‑market technique was described as aggregating Solana infrastructure, validators, and adjoining tooling right into a single listed automobile for establishments.
One other crypto.information evaluation detailed how the agency’s $500 million staking facility is meant to show SOL into “a yield‑bearing treasury reserve asset,” a plan that would now intersect with cross‑chain liquidity from HoudiniSwap.
A separate crypto.information characteristic on SOL Methods’ validator and treasury platform famous that the corporate sees M&A as a “core development lever,” with privateness‑preserving routing and cross‑chain instruments recognized as strategic gaps — niches this $18 million HoudiniSwap deal is now set to fill.
