JTX Goes Live on Solana as Jito's Self-Custody Trading Platform Opens to First 1,000 Users

Jito JTO$0.586+2.3% launched JTX on Solana on July 14, opening its self-custody spot trading platform to the first 1,000 users on its waitlist. The launch comes one day after JTO holders passed JIP-38, a governance proposal that commits all of the DAO's share of JTX platform fees to programmatic buybacks and burns of JTO for at least one year.

"JTX is now live," the platform's official account announced at 15:01 UTC. "Trade spot markets on Solana — memes, tokenized equities, majors, and more. The top 1,000 users on the waitlist, ranked by referrals, have access now." Jito's own account confirmed the launch minutes later.

What JTX Offers: Self-Custody Spot Trading Across Memes, Equities, and Majors

JTX is Jito's first product built for retail traders. It covers spot markets across meme tokens, tokenized equities, and major digital assets, with users retaining custody of their private keys throughout every transaction. The platform does not take custody of assets at any point.

JTX had begun rolling out to early users in late June, with today's access milestone extending to the top 1,000 applicants ranked by referral activity. The waitlist rollout is expected to broaden ahead of a wider public opening.

Jito operates JitoSOL, its liquid staking token, and the Block Assembly Marketplace (BAM) for Solana transaction ordering alongside JTX. The trading platform adds a consumer-facing application to that existing infrastructure stack.

JIP-38: All JTX Revenue to the DAO, All DAO Revenue to JTO Buybacks

The governance proposal passed by JTO holders on July 13 resolves how JTX platform fees are distributed. Under JIP-38, 80% of JTX platform fees flow to the Jito DAO. The remaining 20% is retained solely for reinvestment in JTX's development.

Of the DAO's 80% revenue share, 100% is committed to open-market JTO buybacks for at least one year through Q4 2027. All JTO acquired through those purchases is burned. The proposal explicitly bars any diversion of this revenue during the commitment term; any change requires a standalone governance vote.

"Value should live with the Network," Jito wrote when announcing JIP-38. "This proposal formally establishes Jito as a token-centric network, committing 100% of the Jito DAO's revenue share from JTX to programmatic buyback and burns of $JTO for at least 1 year from JTX launch."

The JIP frames the commitment as part of a broader position: all major Jito Network revenues, from JitoSOL, BAM, and the Block Engine to JTX, flow to the DAO and are governed by JTO holders. Prior governance decisions have directed that revenue both toward value accrual (earlier buyback mandates) and toward growth (a BAM subsidy program that the JIP notes drove BAM past 31% of Solana network stake). JTO had 84,981 holders as of July 14, according to Solana Compass data.

How the Rev Splitter Executes On-Chain Burns

The on-chain mechanism handling buyback execution is called the Rev Splitter. It collects JTX platform fees and routes them into open-market JTO purchases, with all acquired JTO burned. The JIP specifies that burns will be verifiable on-chain, with per-epoch dashboards reporting fees collected, JTO acquired, and JTO burned.

The Rev Splitter initially operates under Jito's Dev Council using delegated authority within the governance framework established by JIP-35 and JIP-36. Rev Splitter operations will automate progressively as revenue dynamics are monitored. A full re-appraisal of all Jito Network fee streams (including JitoSOL, BAM, and Block Engine revenues alongside JTX) is scheduled for Q4 2027, at which point JTO holders will set the next allocation regime by vote.

JTX Roadmap: Perpetual Futures and Prediction Markets

The current release covers spot trading only. JTX plans to add perpetual futures and prediction markets in subsequent phases, as outlined in the JTX platform guide published before the launch. The revenue model established by JIP-38 applies to the full suite of fee streams the platform generates as those markets come online.