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Journalist
Hassan Shittu
Journalist
Hassan Shittu
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On Tuesday, Sol Strategies Inc., a publicly traded Canadian firm specializing in investments and infrastructure within the Solana blockchain ecosystem, was selected as the staking provider for 3iQ Corp.’s Solana Staking ETF.
According to a press release from Sol Strategies Inc., a memorandum of understanding (MOU) signed on February 7, 2025, outlines the terms of the collaboration.
Under the agreement, Sol Strategies will invest up to $15 million or 33.33% of the fund’s total assets on its launch date, with a minimum three-month holding period.
The agreement aligns with the industry’s broader shift toward compliant staking solutions, with Sol Strategies applying its expertise in infrastructure and regulatory compliance to support institutional investors.
3iQ and Sol Strategies: A New Era of Solana ETF Staking?
The growing demand for secure, regulated staking solutions within institutional markets inevitably led to the selection of Sol Strategies.
Pascal St-Jean, CEO and President of 3iQ, emphasized that Sol Strategies’ institutional-grade infrastructure and strong validator performance made them the ideal choice for this collaboration.
“Their compliance framework and validator performance align perfectly with our commitment to providing regulated, secure digital asset exposure to investors,” St-Jean said.
Leah Wald, CEO of Sol Strategies, also mentioned the partnership, noting that it validates their staking operations and demonstrates the increasing institutional appetite for Solana staking.
“This partnership represents a pivotal moment for institutional Solana staking, allowing traditional investors to access staking rewards through a regulated investment vehicle,” Wald said.
With this move, traditional investors can participate in staking rewards through a compliant, structured investment vehicle.
Recent advancements at Sol Strategies have further solidified its position in the Solana ecosystem.
According to the press release, the company has expanded its total delegation to 1.64 million SOL across three validators while increasing its SOL holdings to 218,903 SOL.
These holdings are staked to their own validators, generating recurring revenue and enhancing their staking capabilities.
Strengthening Solana’s Infrastructure and Market Presence
Beyond staking, Sol Strategies has been instrumental in improving the Solana network’s performance and security.
The company has successfully deployed two Firedancer validators, which enhance Solana’s decentralization and efficiency.
Additionally, Sol Strategies recently published a technical blog post outlining best practices for securely exposing the Firedancer interface. This allows the community to monitor validator performance in real-time.
Upgrading to Jito 2.1 has also substantially boosted Solana’s transaction speed and efficiency, aligning with the company’s mission to support the blockchain’s continued growth.
With CAD $72 million in liquidity, Sol Strategies is well-positioned to expand its Solana accumulation strategy and reinforce its long-term staking operations.
In particular, Sol Strategies also recently expanded its SOL holdings, acquiring 24,374 tokens between January 31 and February 7, 2025, for CAD $7.3 million (USD $5.05 million).
As of February 7, Sol Strategies and its subsidiaries collectively held 214,342 SOL, which they acquired for CAD $55.6 million (USD $39.5 million) and are now valued at CAD $58.9 million (USD $41.2 million).
Last month, Sol Strategies also accessed $4 million from its CAD $25 million credit facility, provided by Chairman Antanas Guoga, to further its investments in the Solana blockchain.
The funds will be used for large-scale SOL acquisitions, supporting DeFi protocols, validator operations, and liquidity provision for new projects.
With a potential Nasdaq listing on the horizon, the company continues to leverage Solana’s high-speed, low-cost infrastructure to attract institutional investors and blockchain developers.
