3iQ Corp. has tapped Figment as the first staking supplier for its new Solana Staking ETF (TSX: SOLQ), which formally launches on the Toronto Inventory Change on Wednesday at 9:30 AM EST.
The announcement represents the primary product of its sort in North America to include native Solana (SOL) staking rewards into an exchange-traded format.
SOLQ offers traders regulated, exchange-traded entry to Solana’s native staking yield, historically reserved for crypto-native customers who both run validator nodes or delegate tokens to current validators, with out the complexity of self-custody or direct protocol interplay.
Figment, a longtime Solana ecosystem participant and one among its genesis validators, will deal with staking operations on behalf of the ETF.
The corporate brings a sturdy infrastructure to the desk: over $15 billion in belongings staked throughout 40+ protocols, an ideal slashing prevention report, and a consumer base of over 700 institutional companions.
“By combining institutional-grade staking infrastructure with conventional funding automobiles, we’re making sustainable staking yields accessible to a brand new class of traders,” mentioned Lorien Gabel, CEO and co-founder of Figment.
3iQ continues its push into staking ETFs
This transfer builds on 3iQ’s historical past of pioneering digital asset merchandise in conventional markets. The agency beforehand launched the world’s first Ether Staking ETF in 2023, and the Bitcoin ETF (TSX: BTCQ), which turned the primary Bitcoin ETP to commerce on a significant world inventory trade.
“At 3iQ, we’re proud to proceed our custom of innovation,” mentioned 3iQ President and CEO Pascal St-Jean. “This product reinforces our dedication to aligning with top-tier companions who share our imaginative and prescient for unlocking the total worth of the digital asset ecosystem.”
