# 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.

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## 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](https://www.canary.capital/) 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.

[**Marinade Select is now live →**](https://marinade.finance/features/marinade-select)

## 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 →](https://marinade.finance/features/marinade-select)
- Interested in ETF integration or institutional delegation? [Contact our team.](https://marinade.finance/institutions)

## 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](https://www.sec.gov/Archives/edgar/data/2041869/000199937125006485/canary-s1a_052125.htm)