Canary Capital Partners with marinade Select for Solana ETF Staking
Canary Capital, a leading crypto investment firm, has chosen Marinade Select as the staking provider for its upcoming Solana ETF. This decision was announced in an updated filing with the U.S. Securities and Exchange Commission.
Marinade Labs, the developer behind the first Solana staking protocol, will ensure the security and compliance of the ETF. Their platform, Marinade Select, is designed for institutional use, offering staking solutions with strict security measures.
Michael Repetný, CEO of Marinade Labs, expressed excitement about this partnership.”This is a significant milestone for compliant staking solutions,” he said. “Marinade Select provides a secure and efficient path for institutional stakers.”
Marinade Select is distinct from the company’s native staking product. It focuses on compliance,performance,and security for institutional clients.Since its launch, Marinade has managed over 10 million SOL, valued at $2 billion.
The platform recently partnered with BitGo,expanding Solana staking access for institutions. Meanwhile, Marinade Native integrates with Copper and Zodia for broader staking options.
Canary Capital is also exploring other digital assets. They have filed for ETFs on Sui, Hedera, Tron, Litecoin, and even the Pudgy Penguins NFT project.
