VanEck Launches Solana Staking Integration to Enhance Institutional Access

VanEck, an asset management firm, has formed a partnership with Kiln, a digital asset platform, to integrate Solana staking into its offerings.

This collaboration is part of VanEck’s broader Solana Strategy, which includes products like ETFs and ETNs aimed at providing regulated access to Solana’s network for institutional investors.

Kiln’s role in the partnership is to streamline Solana staking by handling the technical aspects, allowing VanEck’s clients to benefit from staking rewards without needing to manage SOL tokens directly. This arrangement aims to make staking Solana more accessible and straightforward for investors, reinforcing VanEck’s commitment to bridging traditional finance with digital assets.

VanEck has shown a bullish stance on Solana, even filing for the first Solana ETF in June and projecting that SOL could capture a significant share of Ethereum’s market cap. With Solana’s growth spurred by the liquid staking trend in 2024, VanEck is positioning itself as a primary avenue for institutional investments in SOL.

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Laszlo Szabo, Kiln’s CEO, expressed enthusiasm for the collaboration, noting that VanEck’s Solana Strategy offers a new milestone in bringing seamless staking access to institutional clients. VanEck sees this as a foundational move within the digital asset market, envisioning Solana as a key player alongside Bitcoin and Ethereum, with long-term growth potential ahead.

Kosta Gushterov