3iQ's Solana ETF: Figment Fuels Staking

Latest Crypto Update: 3iQ and Figment Team Up
Canadian asset manager 3iQ has taken another step toward innovating digital asset investments by partnering with blockchain infrastructure provider Figment for its newly approved Solana Staking ETF. This collaboration highlights Canada’s proactive approach to incorporating digital assets into mainstream finance.

What This Means for Institutional Staking
Figment, known for supporting over 700 clients with its staking infrastructure, will power institutional staking for the 3iQ Solana (SOL) Staking ETF. The fund, launching on the Toronto Stock Exchange under the ticker SOLQ on April 16, represents a crucial advancement in the adoption of blockchain financial products.

Regulatory Backing and Market Impact
The Ontario Securities Commission (OSC) approved the ETF on April 14, marking an important regulatory milestone. This endorsement not only cements investor confidence but also paves the way for further innovations in DeFi and blockchain scalability.

Expert Take
This partnership is a significant stride in bridging traditional finance with the evolving digital asset ecosystem. It underscores the growing interest of institutional players in blockchain technology and highlights the potential for future innovations in investment products.

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