crypto.news 2025-04-15 21:49:38

3iQ and Figment to launch North America’s first Solana staking ETF

3iQ Corp. has tapped Figment as the primary staking provider for its new Solana Staking ETF (TSX: SOLQ), which officially launches on the Toronto Stock Exchange on Wednesday at 9:30 AM EST. The announcement represents the first product of its kind in North America to incorporate native Solana ( SOL ) staking rewards into an exchange-traded format. SOLQ gives investors regulated, exchange-traded access to Solana’s native staking yield, traditionally reserved for crypto-native users who either run validator nodes or delegate tokens to existing validators, without the complexity of self-custody or direct protocol interaction. Figment, a longtime Solana ecosystem player and one of its genesis validators, will handle staking operations on behalf of the ETF . Read more: Balchunas: Canadian Solana ETFs to include staking, may face slow start The company brings a robust infrastructure to the table: over $15 billion in assets staked across 40+ protocols, a perfect slashing prevention record, and a client base of over 700 institutional partners. “By combining institutional-grade staking infrastructure with traditional investment vehicles, we’re making sustainable staking yields accessible to a new class of investors,” said Lorien Gabel, CEO and co-founder of Figment. 3iQ continues its push into staking ETFs This move builds on 3iQ’s history of pioneering digital asset products in traditional markets. The firm previously launched the world’s first Ether Staking ETF in 2023, and the Bitcoin ETF (TSX: BTCQ), which became the first Bitcoin ETP to trade on a major global stock exchange. “At 3iQ, we are proud to continue our tradition of innovation,” said 3iQ President and CEO Pascal St-Jean. “This product reinforces our commitment to aligning with top-tier partners who share our vision for unlocking the full value of the digital asset ecosystem.” You might also like: Solana price early bullish signal points to jump to $150