Leading institutional staking provider Figment has been selected as the primary staking partner for 3iQ’s newly launched Solana Staking ETF (TSX: SOLQ), marking a North American first for a staking-focused exchange-traded product. Listed on the Toronto Stock Exchange, the ETF is designed to deliver native yield directly from the Solana blockchain by incorporating Proof-of-Stake rewards into its core investment strategy.
This all-Canadian collaboration combines 3iQ’s asset management expertise with Figment’s robust, institutional-grade staking infrastructure. As one of Solana’s original validators, Figment secures over $15 billion in digital assets across more than 40 protocols and boasts a flawless record with no double-signing slashing incidents—reinforcing its reputation for reliability and security.
Moreover, Figment’s dedicated Solana team has engineered a custom staking system that optimizes validator output and maximizes on-chain returns. This technical sophistication makes Figment a natural fit for powering an ETF that aims to make staking rewards more accessible to traditional investors seeking exposure to blockchain-based income streams.
Commenting on the launch, 3iQ President and CEO Pascal St-Jean emphasized the firm’s ongoing commitment to innovation, following its 2023 debut of the world’s first Ether Staking ETF.
“We’re proud to bring secure, regulated access to Solana’s native yield to a broader market, and Figment’s proven reliability made them our ideal partner,”
he said.
Echoing this sentiment, Figment CEO Lorien Gabel highlighted the partnership as a milestone in the mainstream adoption of Proof-of-Stake assets. “We’re bridging the gap between traditional finance and blockchain rewards, opening the door for a new class of investors to benefit from staking,” he noted.
Meanwhile, in another move underscoring the growing momentum in the staking ecosystem, Bybit has rolled out a BTC staking campaign through its Web3 platform. Running from April 11 to May 9 in collaboration with Lombard Finance—the team behind LBTC—the campaign allows users to stake BTC directly via their Seed Phrase Wallet to earn up to 5% APY.
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