Sol Strategies Chosen as Staking Provider for 3iQ's Proposed Solana ETF

Sol Strategies, a Toronto-based firm, has been selected as the staking provider for 3iQ Corp.’s proposed Solana Staking ETF in Canada. This announcement comes as 3iQ submitted preliminary prospectuses with the Ontario Securities Commission and other Canadian regulators to list the 3iQ Solana Staking ETF and the 3iQ XRP ETF on the Toronto Stock Exchange.

Pascal St-Jean, CEO and President at 3iQ, stated, “Sol Strategies’ institutional-grade infrastructure and proven track record in this ecosystem made them the clear choice. Their compliance framework and validator performance align perfectly with our commitment to providing regulated, secure digital asset exposure to investors.”

Sol Strategies, formerly known as Cypherpunk Holdings, aims to leverage investment opportunities in staking rewards and Solana-based projects while providing infrastructure for the Solana blockchain. 3iQ, a global digital asset investment manager with $1 billion in assets under management, seeks to offer investors exposure to Solana and XRP through these ETFs, which would be the first of their kind if approved.

Leah Wald, CEO of Sol Strategies, commented, “Being selected as 3iQ’s staking partner validates our infrastructure and demonstrates the growing demand for regulated staking solutions. This partnership represents a pivotal moment for institutional Solana staking, allowing traditional investors to access staking rewards through a regulated investment vehicle.”

As of January 31, Sol Strategies and its subsidiaries held an aggregate of 189,968 SOL, acquired at an average purchase price of about $179 per SOL. The company’s stock (HODL) surged over 2,000% last year and currently trades over-the-counter in the U.S. with plans to list on the Nasdaq.