Canary Capital Selects Marinade for Solana ETF Staking

Canary Capital Chooses Marinade Select As Staking Provider For Solana ETF!

22 May 2025 at 07: 09

Reading time: 2 minutes

Canary Capital, the crypto investment firm, has appointed Marinade Select as its staking provider for the Canary Marinade Solana exchange-traded fund (ETF). Marinade Labs, a leading development company that developed the first staking protocol for Solana (SOL) has been confirmed as the staking provider for the Canary Marinade Solana ETF, according to a statement shared with the crypto community.

All eyes on the SEC

Canary Capital has selected Marinade Select as its provider in an amended filing with the US Securities and Exchange Commission (SEC). In this amendment to the S-1 filing, the asset manager highlights that the Solana ETF will leverage Select’s technology to ensure the security and compliance of this promising ETF.

Marinade Select: the choice of settings

Marinade Select is a top-quality platform specifically designed to offer staking solutions with a zero-tolerance policy for harmful maximal extractable value. This approach ensures a safer and more effective staking experience for investors.

“Being selected as the exclusive staking provider for a US Solana ETF is not only a significant milestone for us at Marinade, but also a major achievement for compliant, institutional staking in general,” said Michael Repetný, CEO of Marinade Labs.

“With Marinade Select, we are creating a smarter path for institutional stakers that aligns high performance with compliance.”

A focus on performance and compliance

Marinade Select offers a distinct offering from Marinade’s native staking products. Select specifically targets institutional clients who value compliance, performance, and security. Since launch, Marinade has processed over 10 million SOL, or $2 billion in staked assets.

Strategic partnerships

The platform recently achieved integration with BitGo, which is a major step in expanding Solana staking to institutions. Not only does this partnership provide broader reach for institutional investors, but Marinade Native also offers integrations with Copper and Zodia.

Canary Capital's growth in the market

Canary Capital is making waves in the digital asset space, recently filing ETF applications for Sui, Hedera, Tron, and Litecoin, as well as an ETF for Pudgy Penguins.

“The future of crypto investing is brighter than ever; stay curious!”

Frequently Asked Questions

What role does Marinade Select play in the Canary Marinade Solana ETF?
Marinade Select is the staking provider responsible for the staking solutions and technology for the Solana ETF, ensuring security and compliance.

What makes Marinade Select unique?
Marinade Select is aimed at institutional clients and offers a zero-tolerance policy for malicious extraction, with a strong focus on compliance, performance and safety.

What are recent developments at Canary Capital?
Canary Capital has recently filed ETF applications for several digital assets including Sui, Hedera, Tron and Litecoin, and is active in growing the market.

Share this article:

Disclaimer: The information on Block 9 is for general informational and educational purposes only. While we strive to provide up-to-date, correct and relevant content, we make no warranties as to the completeness, accuracy or reliability of the information provided. All content on this website, including articles, analyses, opinions and other publications, is for general information purposes only and does not constitute professional or legal advice in any way, including but not limited to financial, investment or tax advice.

Block 9 makes no guarantees or representations as to any possible results or returns that may arise from the use of information on this website. Nothing on this website should be interpreted as a recommendation to buy, sell or hold any particular asset, including but not limited to cryptocurrencies, tokens or other financial instruments.

The opinions and views expressed in contributions by editors, external authors or community members are strictly personal and do not necessarily represent the views or policies of Block 9 as a platform. Block 9 accepts no liability for any loss or damage – direct or indirect – resulting from the use of (or reliance on) the information published on this website.

Investing in cryptocurrencies and other digital assets involves significant risks. The value of such assets can fluctuate significantly, and there is a chance that you could lose (some of) your investment. We strongly recommend that you always do your own research (DYOR) and seek independent advice from a qualified financial advisor before making any financial decisions. By using this website, you agree to this disclaimer and accept that Block 9 is not responsible for your investment choices or the results thereof.