3iQ Corp. has partnered with Figment to launch the Solana Staking ETF (TSX: SOLQ) on the Toronto Stock Exchange this Wednesday at 9.30am EST. This will be North America’s first exchange-traded fund to include native Solana (SOL) staking rewards. Figment will be the ETF’s main staking provider, taking care of all staking activities. SOLQ’s main goal is to offer investors a more regulated access to Solana’s staking yield, typically only attainable by more crypto-native users.
The Solana Staking ETF (TSX: SOLQ) offers investors access to Solana’s staking yield without the complexities of self-custody or direct protocol interaction. Solana’s staking yield is a distinct advantage, which is usually only accessible through crypto-native mechanisms, such as operating validator nodes or delegating tokens to them.
Today Figment is one of the top three validators in the Solana ecosystem by stake. As one of its founding validators, it provides strong infrastructure to the partnership. With over 700 institutional clients, Figment’s track record in slashing prevention is strong. The firm successfully oversees some of the largest institutional on-boarded staking operations with over $15B actively managed across 40+ protocols.
"By combining institutional-grade staking infrastructure with traditional investment vehicles, we’re making sustainable staking yields accessible to a new class of investors." - Lorien Gabel, CEO and co-founder of Figment.
3iQ Corp. has a proven track record of being first-to-market with innovative digital asset solutions. The launch of SOLQ underscores this commitment.
"At 3iQ, we take pride in our tradition of innovation. This product underscores our commitment to collaborating with top-tier partners who share our vision for unlocking the full potential of the digital asset ecosystem." - Pascal St-Jean, President and CEO of 3iQ.
