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VanEck selects SOL Strategies to provide collateral services for its SOL spot ETF

Summary: In breaking news, Solana asset reserve company SOL Strategies announced on Monday that it will provide collateral services for VanEck's Solana spot ETF. According to the announcement, VanEck has chosen SOL Strategies to collateralize the SOL held by its ETF. The ETF recently filed an 8-A form registration statement with the SEC, and the collateral ...

In breaking news, Solana asset reserve company SOL Strategies announced on Monday that it will provide collateral services for VanEck's Solana spot ETF.

According to the announcement, VanEck has chosen SOL Strategies to collateralize the SOL held by its ETF. The ETF recently filed an 8-A form registration statement with the SEC, and the collateral services will be implemented through Orangefin validation nodes acquired by SOL Strategies last December. Currently, the Solana asset company's validation nodes are ISO 27001 and SOC 2 certified, safeguarding over 6.1 billion Canadian dollars (approximately 4.37 billion US dollars) in collateral assets.

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