Figment Europe, with support from Apex Group, is set to introduce groundbreaking investment vehicles for Ethereum (ETH) and Solana (SOL) staking on the SIX Swiss Exchange. These exchange-traded products (ETPs), scheduled to launch next week, aim to offer institutions streamlined access to staking rewards and a familiar trading environment.
Staking Made Simple for Institutions
These ETPs are set to debut on March 12, providing institutions with a convenient option to engage in staking activities using common avenues such as brokers or banks. The staking rewards generated from these networks motivate participants to contribute to the networks’ operations and security.
Lorien Gabel, Figment’s CEO, highlights the surge in demand for Ethereum and Solana staking among their major clients. Figment’s Corporate Business Development Leader, Josh Deems, notes that the rise in Ethereum and Solana’s popularity makes these ETPs a vehicle for broader access to staking rewards for diverse investors.
The Ethereum and Solana staking ETPs are designed to make it easier for institutional investors to tap into staking rewards from prominent Proof of Stake (PoS) assets. Built on an ETP framework, these offerings guarantee full collateralization and promise to return over half of the staking profits to investors, enabling them to partake in the asset class without directly investing in validators.
Competitive Rewards with Transparency
Figment is distinguishing its services by focusing on stake infrastructure that emphasizes reward performance and transparency. In partnership with Issuance.Swiss AG, an offering of Apex Fund Services, Figment aims to deliver a competitive reward rate with maintained integrity.
Despite anticipated lower returns in comparison to crypto-dedicated solutions, these regulated and simplified staking ETPs hold significant importance. They allow institutional investors a compliant pathway to participate in staking on Ethereum and Solana, contributing positively to both altcoins and the broader crypto market at large.