Anchorage Digital has been appointed custodian and staking partner for the REX-Osprey Solana + Staking ETF, the first exchange-traded fund in the United States designed to distribute crypto staking rewards
Anchorage Digital has been appointed custodian and staking partner for the REX-Osprey Solana + Staking ETF, the first exchange-traded fund in the United States designed to distribute crypto staking rewards. The product has been registered with the U.S. Securities and Exchange Commission and is set to begin trading on Wednesday.
The ETF offers investors exposure to the Solana blockchain’s native token, SOL, while channeling the underlying assets into on-chain staking to generate additional yield. Anchorage will safeguard the fund’s digital assets and manage the staking process, combining its federally chartered trust bank status with operational experience in proof-of-stake networks.
The launch marks a further convergence of traditional financial structures with decentralized-finance income streams and could set a precedent for similar staking-enabled funds tied to other proof-of-stake cryptocurrencies.
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Source: https://thedefiant.io/news/tradfi-and-fintech/anchorage-digital-to-custody-first-us-solana-staking-etf-86808577