Corporate stake services provider Figment Europe, in collaboration with Apex Group, is preparing to launch leading altcoins Ethereum (ETH) and Solana (SOL) staking exchange-traded products (ETPs) on the SIX Swiss Exchange through Issuance.Swiss AG next week.
Expected to Launch on March 12
These investment products, expected to be launched for the first time on March 12, aim to provide institutions with easy access to staking rewards through a traditional ETP package and participation in staking activities through familiar channels such as brokers or banks.
Figment CEO Lorien Gabel pointed to the increasing demand among Figment’s largest customers when announcing the decision to offer Ethereum and Solana staking ETPs. As is known, staking rewards in these networks serve as an incentive for participants who stake and lock the relevant cryptocurrencies to support the operations and security of the Blockchain.
According to Figment’s Corporate Business Development Leader Josh Deems, considering the recent increased popularity of Ethereum and Solana, the ETPs will provide broader accessibility to staking rewards for a wide audience.
Ethereum and Solana staking ETPs aim to simplify the process for institutional investors to access staking rewards from leading Proof of Stake (PoS) assets. Operating within an ETP structure, these products benefit from full collateralization and a return of over 50% of stake usage to investors. This mechanism allows institutional investors who are not very open to innovations to participate in the asset class through an ETP without directly financing Ethereum or Solana validators.
Furthermore, Figment aims to differentiate its offering by leveraging its expertise in developing a stake infrastructure that prioritizes transparency and rewards performance. By collaborating with Issuance.Swiss, a financial product issuance solution provided by Apex Fund Services, Figment will offer a competitive reward rate while maintaining transparency and performance integrity.
Returns Expected to Be Lower Compared to Crypto-Specific Solutions
While offering simplified packages with regulatory-compliant solutions, the expected returns for Ethereum and Solana staking ETPs will be lower compared to crypto-specific solutions.
Despite the lower potential returns, these ETPs are still highly valuable for both the relevant altcoins and the overall cryptocurrency market as they provide an accessible way for institutional investors to participate in staking activities on Ethereum and Solana.
