Canary Capital Picks Marinade Select to Power Its Solana ETF Staking!

Marinade Labs Scores Big as Exclusive Staking Provider for Canary Marinade Solana ETF

Hold onto your hats, crypto fans! Canary Capital, the powerhouse behind a slew of exchange-traded funds, just dropped a bombshell: they've tapped Marinade Select as the staking provider for their hot new Canary Marinade Solana ETF. That's right, folks, Marinade Labs, the trailblazers who brought the first Solana (SOL) staking protocol to the masses, are teaming up with Canary to shake up the ETF game!

Canary Capital made it official in a filing with the U.S. Securities and Exchange Commission, and they're not messing around. They're putting their trust in Select's cutting-edge tech to keep their highly anticipated ETF secure and compliant.

Marinade Select isn't just any old platform—it's an institutional-grade beast designed to give staking solutions the VIP treatment, with zero tolerance for any shady business.

Michael Repetný, the big boss at Marinade Labs, is stoked about this game-changing partnership. "Being selected as the exclusive staking provider for a U.S. Solana ETF is not just a milestone for us at Marinade, but it's a major achievement for compliant, institutional-grade staking as a whole," he declared. With Marinade Select, they're paving the way for institutional stakers to get the best of both worlds: high performance and compliance.

Now, let's not get Marinade Select mixed up with Marinade's native staking product. Select is the big leagues, catering to institutional clients who demand top-notch compliance, performance, and security. Since hitting the scene, Marinade has been crushing it, handling over 10 million SOL—that's a cool $2 billion in staked assets!

And get this: Marinade recently joined forces with BitGo, a move that's opening up Solana staking to even more institutions. But don't worry, Marinade Native isn't being left in the dust—it's still got integrations with Copper and Zodia.

Canary Capital is on fire in the digital asset investment world, with recent ETF filings for Sui, Hedera, Tron, Litecoin, and even Pudgy Penguins. These guys are unstoppable!