CoinShares and FTX Partnership
CoinShares, Europe’s largest digital asset investment firm with US$3.8bn in AUM, is thrilled to announce its partnership with FTX Official.
The first initiative in the partnership is the launch of the world’s first physically-backed Solana exchange-traded product (ETP) designed to share the rewards of staking with investors in a transparent way. The ETP will launch with 1M SOL in seed capital.
Solana ETP is the first initiative between FTX and CoinShares and launches with 1M SOL in seed capital, Staking Rewards of 3.0% p.a. and a reduced management fee of 0.0% p.a.
CoinShares FTX Physical Staked Solana, the 4th ETP launched by CoinShares this year, leverages CoinShare’s Galata platform with FTX’s institutional offerings, providing investors with exposure to Solana and rewards for participating in the blockchain’s security.
“A shared goal of FTX and CoinShares is to offer institutions means of access to crypto markets and through this partnership, both companies will be able to leverage their industry-leading technology to bring innovative products to the market.”
“The goal is to bring institutional-grade services and products to market in a cost-effective manner. We only want to launch products that are genuinely innovative and add value to our clients. We’re excited to work alongside CoinShares.”
About the CoinShares Group
CoinShares is Europe’s largest digital asset investment firm, managing billions of assets on behalf of a global client base. Our mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class.
About FTX
FTX is a cryptocurrency exchange built by traders, for traders. It offers innovative products, including industry-leading derivatives, options and volatility products, tokenized stocks, prediction markets, leveraged tokens and an OTC desk. FTX strives to be an intuitive yet powerful platform for all kinds of users and to be the most innovative exchange in the industry.
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