Innovating Investment Opportunities
In an exciting development for investors in digital assets, 3iQ Corp. has partnered with Figment to introduce North America’s first Solana Staking ETF (TSX: SOLQ). This revolutionary product officially launches on the Toronto Stock Exchange on Wednesday at 9:30 AM EST, poised to reshape the landscape of cryptocurrency investment.
This ETF marks a significant milestone as it incorporates native Solana (SOL) staking rewards within an exchange-traded format. Until now, such rewards were primarily available to crypto-savvy users operating validator nodes or delegating tokens. With SOLQ, investors can access staking yields without the burdens of self-custody or complex protocol interactions.
Figment’s Role in the ETF
As a leading player in the Solana ecosystem, Figment will manage staking operations for the ETF. The company boasts a robust staking infrastructure, having staked over $15 billion across more than 40 protocols. With a perfect track record in slashing prevention and a distinguished clientele of over 700 institutional partners, Figment is well-equipped to deliver reliable staking yields.
“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. This partnership not only highlights the trust in Figment’s technology but also emphasizes the growing institutional interest in Solana and its capabilities.
3iQ’s Vision for Digital Assets
3iQ has been a pioneer in the digital asset space, previously launching the world’s first Ether Staking ETF in 2023 and the groundbreaking Bitcoin ETF (TSX: BTCQ). According to 3iQ’s President and CEO, Pascal St-Jean, “At 3iQ, we are proud to continue our tradition of innovation. 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.”
The introduction of SOLQ places 3iQ at the forefront of the rapidly evolving digital investment market, offering a new pathway for both seasoned and novice investors eager to engage with Solana’s promising potential. As the market adapts to the innovative structures being formed, ETFs like SOLQ are expected to attract a diverse range of investors seeking exposure to cryptocurrency staking rewards through regulated avenues.
Conclusion
In summary, the launch of the Solana Staking ETF by 3iQ and Figment not only represents a milestone in the world of digital finance but also opens doors for many investors to delve into staking without the previous complexities. As this market continues to expand, products like SOLQ will undoubtedly play a significant role in shaping the future of traditional investing in cryptocurrencies.
