Figment Europe, an institutional staking services provider, in collaboration with Apex Group, is set to launch Ethereum and Solana staking exchange-traded products (ETPs) on the SIX Swiss Exchange. The Figment Ethereum Plus Staking Rewards (ETHF) and Figment Solana Plus Staking Rewards (SOLF) products are scheduled to debut on March 12, providing institutions with convenient access to staking rewards through traditional brokers or banks.
“We are excited to introduce the first Ethereum and Solana staked ETPs on a regulated trading venue in Switzerland,” said Lorien Gabel, CEO of Figment Europe. “These products represent an important milestone in the evolution of the crypto market, offering institutional investors a secure and accessible way to participate in staking rewards.”
The Figment ETPs aim to simplify access to staking rewards from leading proof-of-stake assets, Ethereum and Solana. With an ETP structure, the products benefit from full collateralization and over 50% staking utilization, providing conservative institutions with a safe avenue to hold these assets without directly funding validators.
“The launch of the Figment Ethereum and Solana staking ETPs underscores our commitment to providing innovative investment solutions in the crypto market,” said Apex Group. “We look forward to partnering with Figment to offer institutional investors access to staking rewards in a regulated and secure environment.”