Solana-Based Global Digital Bank Kosh Launches for SMEs

2 mins mins

Key Points:

The launch of Kosh and its focus on fee-free global payments.
Partnership with Solana for a digital banking infrastructure.
Impact of SOL collateralization on microbusinesses and freelancers.

Copperx announced at the Solana Breakpoint conference on December 12th that they will soon launch Kosh, a digital bank for freelancers and SMEs, built on Solana.

Kosh promises real-time, fee-free payments, potentially enhancing Solana’s utility while increasing Copperx’s market footprint. Immediate market impacts, particularly on SOL, remain unclear.

Kosh by Copperx: Fee-Free Banking for Freelancers

Copperx introduced Kosh, a revolutionary digital bank crafted on the Solana blockchain, specifically catering to freelancers and small enterprises worldwide. Announced at the Solana Breakpoint conference, this service promises real-time, fee-free transactions, illustrating significant strides toward inclusive digital banking solutions.

With Kosh, users can share account details for seamless transactions with international clients and establish US accounts with agility. Innovatively, repayments can be collateralized using SOL, providing flexibility previously unavailable to smaller entities in the banking domain.

While official reactions from major influencers remain scarce, Copperx’s move reinforces the significance of blockchain in facilitating efficient cross-border payments. Comments from industry figures have not been readily available, indicating a reserved approach from the broader crypto community as the platform evolves.

Solana’s Market Position and Kosh’s Financial Impact

Did you know? Kosh represents one of the few initiatives integrating real-time fee-free banking for freelancers, leveraging blockchain roots in mainstream financial services.

Solana, under the symbol SOL, currently trades at $132.74 with a market cap of $74.59 billion, reflecting a market dominance of 2.43%. The fully diluted market cap stands at $81.77 billion. In recent 24-hour trading, the volume reached $5.33 billion, facing a decline of 8.33%. Currently, SOL’s circulating supply measures at 561,901,201, confirming the blockchain’s vast activity and engagement, emphasising active market participation according to CoinMarketCap.

solana-daily-chart-342 — Solana(SOL), daily chart, screenshot on CoinMarketCap at 23:01 UTC on December 12, 2025. *Source: CoinMarketCap*

Coincu analysts believe that Kosh’s commitment to leveraging SOL for banking purposes marks a notable progression in Solana’s role in the financial sector. The integration of blockchain-based banking demonstrates significant potential for technological and market evolution.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.