Marinade Makes History as First and Exclusive Staking Provider in U.S. Solana ETF Filing
Marinade is proud to announce a historic first: Canary Capital’s newly filed U.S. Solana Staking ETF will be powered by Marinade Select, our newest staking infrastructure designed specifically for institutional adoption. This is more than a milestone for Marinade — it’s a leap forward for compliant, transparent, and enterprise-ready staking on Solana.
A major milestone for Solana. A defining moment for institutional staking.
Marinade Labs is proud to announce that Marinade Select is the first staking solution to be named in a U.S-based Solana ETF filling. Canary Capital, a digital asset-focused investment firm, has updated its ETF filing to make Marinade the exclusive staking provider.
This collaboration with Canary Capital Group LLC represents a breakthrough in making staking accessible, compliant, and scalable for institutions. With this move, Marinade Select not only becomes the staking solution of choice — it becomes the foundation for bringing Solana to the heart of institutional finance.
What Is the Canary Marinade Solana ETF?
The Canary Marinade Solana ETF is a proposed exchange-traded fund offering U.S. investors regulated exposure to SOL — the native token of the Solana blockchain — while participating in the staking rewards generated through Solana’s proof-of-stake mechanism.
To enable this, Canary Capital amended its S-1 filing to include solana staking and named Marinade Select as its exclusive staking provider, establishing a precedent-setting structure for compliant, yield-bearing crypto ETFs.
Why Marinade Select?
Institutions want to stake Solana, but only if it meets the standards of compliance, security, and performance. That’s exactly what Marinade Select delivers:
- KYC-verified validator set.
- Signed agreements on uptime, operational security, and anti-MEV practices.
- Non-custodial control with transparent performance tracking.
- Designed around SOC 2-compliant infrastructure.
Rather than manually sourcing validator relationships, Canary’s ETF leverages Marinade Select’s curated selection of trusted validators to streamline staking, reinforce the ETF’s operational integrity, and support the continuous decentralization of Solana.
Marinade Labs currently supports over 10M SOL (~$2B USD) across its products, including its Stake Auction Marketplace (SAM) powered native staking, and now Marinade Select.
Built for Institutions. Ready for Scale.
Institutions like Canary Capital demand a higher bar, and Solana is finally ready to meet it.
“Being selected as the exclusive staking provider for a U.S. Solana ETF is not just a milestone for us at Marinade, but a major achievement for compliant, institutional-grade staking as a whole,” said Michael Repetný, CEO of Marinade Labs.
Marinade Select enables:
- Non-custodial staking with full control.
- Delegation to long-term, performance-proven validators.
- Infrastructure built to meet the needs of risk, compliance, and treasury teams.
By creating a high-assurance staking layer, Marinade Select is removing blockers and inviting serious institutional scale into the Solana network.
Strengthening the Solana Ecosystem
Solana’s growth has been exponential. The ETF announcement and Marinade Select’s role in it mark a new era where institutions no longer have to choose between yield and compliance.
“The launch of Marinade Select — which, if approved, will power the Canary Marinade Solana ETF — marks a pivotal step in Solana’s evolution as an institutional-grade ecosystem,” said Hadley Stern, Chief Commercial Officer at Marinade Labs.
And importantly, this model supports decentralization: Marinade Select’s structure favors medium-sized validators, giving professional, ethical operators real visibility and delegation.
What Next?
This is a monumental step forward — not just for Marinade, but for every validator, every staker, and every team building on Solana. Institutional staking is no longer a future concept, it’s here, and it’s powered by Marinade Select.
Institutions now have a secure, transparent, compliant way to stake solana.
Ready to Stake?
You can get started today:
- Visit Marinade Select →
- Interested in ETF integration or institutional delegation? Contact our team.
View the Official Filing
To learn more about the proposed ETF structure and Marinade’s role as the exclusive staking provider, you can view the amended S-1 filing submitted to the U.S. Securities and Exchange Commission
