The program, which stands for Solana Trust, Resilience and Infrastructure for DeFi Enterprises, moves away from the traditional model of one-off audits and replaces it with continuous, foundation-funded protection scaled to each protocol's size and risk profile.
Members of Musk's private security team were deputized as federal agents last year, allowing them to carry firearms in certain federal buildings, despite some of the guards failing to meet what the Marshals Service considered to be the basic requirements to be deputized as federal law enforcement.
"They have been more successful than anyone including themselves could have anticipated," said Nick Giles, a senior research analyst at B. Riley Securities who covers several of the firms, most of which are public.