Jito, the infrastructure developer on the Solana blockchain, has publicly launched its self-custody trading platform JTX on March 21. Previously restricted to select users, the platform is now open to everyone, allowing trading of Solana-based assets including SOL, Hyperliquid (HYPE), meme coins, and tokenized real-world assets (RWAs) such as stocks and ETFs.
Platform Features and Future Plans
At launch, JTX supports spot trading and offers tools tailored for professional investors. The team plans to add perpetual futures, a prediction market, and a native mobile app in the future. JTX charges a fee on each trade, with 80% of revenue directed to the Jito DAO for JTO token buybacks and burns. The remaining 20% is distributed to referrers based on their trading activity and that of their referrals.
Background and Market Need
According to Jito, the development of JTX was driven by the lagging evolution of trader tools and the fact that most trading interfaces on Solana have underperformed relative to the execution environment professional traders expect from centralized exchanges. JTX aims to resolve the trade-off between self-custody and performance, preparing Solana for the next wave of capital flowing on-chain.
Kevin Bearsley, head of product for JTX, stated in the announcement: "Demand for tokenized assets and professional interfaces on Solana is extremely high, driven by deepening liquidity and the maturation of on-chain products. JTX provides traders with a platform specifically designed for this environment, allowing them to access execution quality comparable to centralized exchanges without giving up self-custody."