Cryptocurrency Digital Asset Management News

CoinShares And FTX Announce Partnership With The Launch Of CoinShares FTX Physical Staked Solana ETP

CoinShares And FTX Announce Partnership With The Launch Of CoinShares FTX Physical Staked Solana ETP

Solana ETP is the first initiative between FTX and CoinShares and launches with 1M SOL in seed capital, Staking Rewards of 3.0% p.a. and a reduced management fee of 0.0% p.a

CoinShares, Europe’s largest digital asset investment firm with US$3.8bn in AUM, and FTX, a leading regulated cryptocurrency exchange, announced a partnership between the two organizations. The first initiative in the partnership is the launch of the world’s first physically-backed Solana exchange traded product (ETP) designed to share the rewards of staking with investors in a transparent way. The ETP will launch with 1M SOL in seed capital.

The partnership with CoinShares is the latest move into the institutional landscape for FTX, following the launch of FTX Access, which offers advisory services, index products, trade execution, analytical tools and capital introductions for institutional investors interested in gaining exposure to digital assets. For CoinShares, this collaboration with FTX and FTX Access continues the Company’s mission of bridging the gap between traditional finance and digital assets in a secured, transparent and familiar manner. Both organizations are at the forefront of innovation for the financial ecosystem and this partnership will continue to bridge the gap between traditional finance and digital assets.

Latest Fintech News: AlphaFlow Announces Strategic Investment From New York Mortgage Trust

Sam Bankman-Fried, FTX CEO, commented on the news, “The goal of FTX Access is to bring institutional-grade services and products to market in a cost-effective manner. We only want to launch products that are genuinely innovative and add value to our clients. CoinShares has a proven track record of providing European investors with innovative and regulated crypto-asset investment vehicles for close to a decade, making them the obvious choice to collaborate with for institutional offerings. We’re excited to work alongside CoinShares to give investors access to the Solana ecosystem and we look forward to collaborating further on additional offerings.”

Latest Fintech News: Wallet Factory Expands it Regional Presence in MEA by Partnering with MDSap

CoinShares FTX Physical Staked Solana leverages the Company’s technology platform, Galata, that acts as a bridge between the digital asset ecosystem, connecting CeFi platforms to digital asset protocols and markets, in combination with FTX’s industry-leading institutional offerings to provide investors with exposure to Solana and the rewards for participating in the blockchain’s security. CoinShares FTX Physical Staked Solana will be listed on Germany’s main market Xetra and is the fourth ETP launched by CoinShares this year.

Latest Fintech News: Reach Secures $30 Million Investment to Accelerate Growth

 [To share your insights with us, please write to]

Related posts

Introducing Trolley Plus: All-in-One, Enterprise-Grade Solution for Companies with Rapidly-Evolving Payout Needs

Business Wire

Cutting Edge Secures $100 Million in New Financing From a Consortium of Banks Led by Pinnacle Financial Partners

Fintech News Desk

Global Insurance Symposium Returns in April 2022

Fintech News Desk