Morgan Stanley Taps Galaxy for Staking Infrastructure
Galaxy has partnered with Morgan Stanley to bring staking to two new exchange-traded products (ETPs), the Morgan Stanley Ethereum Trust and Morgan Stanley Solana Trust. This move will allow investors to access staking rewards through regulated investment vehicles.
The ETPs are designed to track the prices of Ether (ETH) and Solana (SOL) while passing staking rewards to shareholders. Galaxy has been selected as one of three providers to support staking for both products, along with institutional validators.
Galaxy currently manages $2.8 billion in assets staked across several proof-of-stake networks. The partnership between Morgan Stanley and Galaxy builds on their existing relationship, which includes a crypto lending structure tied to Bitcoin ETPs launched in June.