PANews reported on October 30 that according to Blockworks, asset management company VanEck has partnered with Kiln to start SOL staking. VanEck will now provide regulated Solana staking rewards. Currently, VanEck is one of the few companies in Europe that provides regulated Solana funds. Kiln is an enterprise-level staking service provider with integrations with companies such as Coinbase and Babylon.
Both VanEck and 21Shares applied for spot SOL ETFs this summer, but negotiations have reportedly stalled due to concerns from the SEC about whether Solana is a security. Currently, the main market for regulated Solana products is in Europe.
