TechFlow news, October 30 — According to Blockworks, asset management firm VanEck has partnered with Kiln to begin SOL staking. VanEck now offers regulated Solana staking rewards. Currently, VanEck is one of the few companies in Europe providing regulated Solana funds. Kiln is an enterprise-grade staking service provider with integrations including Coinbase and Babylon.
Both VanEck and 21 Shares applied for spot SOL ETFs this summer, but talks have reportedly stalled due to the U.S. SEC's concerns over whether Solana qualifies as a security. For now, the primary market for regulated Solana products remains in Europe.
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