VanEck to offer regulated SOL staking rewards

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Cointime2024/10/30 00:56

By:Cointime

asset management company VanEck has partnered with Kiln to begin staking SOL. VanEck will now offer regulated Solana staking rewards. Currently, VanEck is one of the few companies in Europe that offers regulated Solana funds. Kiln is an enterprise-level staking service provider with integrations with companies such as Coinbase and Babylon.

Both VanEck and 21Shares applied for a spot SOL ETF this summer, but negotiations have stalled due to the SEC's concerns about whether Solana is a security. Currently, the main market for regulated Solana products is in Europe.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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