Morgan Stanley Taps Figment for Staking in New Ether and SOL ETPs
Figment has been selected by Morgan Stanley Investment Management as the staking provider for its new Ethereum Trust (MSSE) and Solana Trust (MSOL) exchange-traded products, which have begun trading on NYSE Arca. This marks a significant milestone in the integration of staking with exchange-traded products.
The funds are notable because they include staking from day one, with an anticipated 95% of staking rewards passing through to shareholders. Morgan Stanley's MSSE fund aims to stake between 50% and 80% of its ETH holdings, while the MSOL fund will stake up to 100% of its SOL holdings.
Figment is a non-custodial institutional staking provider that has been a genesis validator on both the Ethereum and Solana networks. The company operates under Full NORS Certification for Ethereum, SOC 2 Type II, and ISO 27001, ensuring the security of client assets.