VanEck to Offer Solana Staking to Institutional Investors
2024-10-30

Asset manager VanEck has announced a strategic partnership with Kiln, a prominent digital asset rewards platform, to integrate staking into VanEck’s Solana Strategy.
This strategy encompasses products like ETNs and ETFs, offering regulated access to Solana. Through Solana staking, the partnership simplifies investor access to the Solana network.
VanEck’s Solana Strategy
According to a press release, asset manager VanEck has partnered with Kiln, a digital asset rewards platform, to offer staking solutions as part of VanEck’s Solana Strategy. This strategy reflects VanEck’s long-term commitment to SOL and aims to bridge it with traditional finance.
VanEck, in other words, has been bullish on this asset for the past several months. It filed the first Solana ETF in June, and predicted last month that SOL could reach 50% of Ethereum’s market cap. Additionally, Solana has particularly benefitted from the liquid staking craze in 2024. Vaneck has already dipped its toe into staking options for SOL derivatives this month.
In short, Kiln will offer a simple and secure method for institutional investors to integrate Solana staking. VanEck will provide its client base, and Kiln will manage any technical complexities. From the user end, customers will gain exposure to the financial rewards without actually having to manage any SOL tokens. Ultimately, the main goal is to provide a convenient experience.
“VanEck is setting another milestone with its Solana Strategy and product offerings. We’re excited to join them in providing seamless access to staking features for institutional investors,” Laszlo Szabo, Co-Founder and CEO of Kiln, said.
VanEck was quite plain about the long-term goals of this Solana Strategy. Simply put, it wishes to offer a “straightforward entry” into Solana, and calls it a “key cornerstone of the digital assets market.” The firm foresees a vast string of successes from this asset, akin to the Bitcoin and Ethereum ETFs, and wishes to be a primary corridor for institutional SOL investment.
Solana has shown strong performance recently, rebounding steadily after a sharp decline over the summer. VanEck remains bullish on Solana’s long-term potential and expects even stronger rallies ahead.