VanEck Partners with Kiln to Simplify Solana Staking for Institutions
Asset manager VanEck is expanding its Solana investment strategy through a partnership with Kiln, a digital asset rewards platform. This collaboration enables institutional investors to stake Solana without managing technical aspects or SOL tokens directly.
VanEck aims to integrate traditional finance with the Solana network by adding staking solutions to its products, including ETNs and ETFs focused on Solana. The firm has been proactive in supporting Solana’s potential and was among the first to introduce a Solana ETF, reflecting its belief in Solana's growth trajectory.
Partnering with Kiln allows VanEck to provide a secure and straightforward avenue for institutional investors interested in Solana. Laszlo Szabo, Co-Founder and CEO of Kiln, expressed excitement about supporting VanEck’s initiative, marking a significant advancement in offering staking options to institutional clients. This collaboration utilizes Kiln’s expertise to ensure smooth access to the financial benefits of Solana staking without requiring direct token management.
This initiative builds on VanEck’s recent developments in Solana, which include incorporating staking into its product suite and suggesting that Solana could achieve half of Ethereum’s market cap. The firm anticipates Solana will strengthen its position in the digital assets market, expecting steady gains following a price rebound after a summer decline. VanEck considers its Solana offerings as a vital entry point for institutional investors, aiming to become a leading gateway for SOL investment.
With the rise of liquid staking in 2024, Solana has gained attractiveness as an asset. VanEck’s Solana Strategy seeks to build on this trend by providing secure, regulated access to staking, reinforcing the asset’s role in the larger digital finance ecosystem.