Figment Chosen as Staking Partner for Grayscale’s Ethereum ETP and Solana Trust
Grayscale has partnered with Figment to enable staking rewards within its Ethereum and Solana investment products, enhancing institutional access to on-chain yield opportunities.
ETH
SOL
Fact Check
The statement is directly confirmed by multiple highly credible sources, including a Business Wire press release (Evidence 5), Figment's official social media accounts on X and LinkedIn (Evidence 3, 7, 9), and various news outlets (Evidence 1, 8). These sources explicitly state that Figment has been selected as the staking partner for Grayscale's Ethereum ETPs and Solana Trust. There is no contradictory evidence provided.
Summary
Grayscale Investments officially announced a partnership with Figment to power staking operations for its Ethereum and Solana funds. The collaboration allows Grayscale’s institutional crypto investment products to generate staking rewards while maintaining regulatory compliance. The announcement marks an expansion of staking integration into Grayscale’s managed investment vehicles, further strengthening its position in institutional-grade digital asset offerings.
Terms & Concepts
- Staking: A blockchain process where cryptocurrency holders lock up assets to support network operations, earning rewards in return.
- Ethereum: A decentralized blockchain platform that supports smart contracts and decentralized applications, powered by its native cryptocurrency, Ether (ETH).
- Solana: A high-performance blockchain known for fast transactions and low fees, supporting scalable decentralized applications and staking mechanisms.