BitGo’s Infrastructure Powers Canary Capital’s Latest Innovation: The Canary Marinade Solana ETF

NEW YORK--(BUSINESS WIRE)--BitGo, the digital asset infrastructure company, today announced its continued partnership with Canary Capital, a digital asset–focused investment firm, to launch the Canary Marinade Solana ETF (SOLC). This fund offers investors regulated exposure to Solana (SOL) with the added benefit of onchain staking rewards through Marinade’s decentralized staking protocol.

The launch marks another milestone in the rapid evolution of regulated digital asset products, showcasing how BitGo’s integrated custody, staking, and operational infrastructure enables complex onchain activity to function seamlessly within traditional financial structures.

The Canary Marinade Solana ETF combines exposure to Solana’s native token with staking rewards generated through Marinade’s decentralized protocol. By integrating this capability within a regulated ETF, Canary Capital offers institutions and investors a compliant, transparent, and reward-generating vehicle for participating in the Solana ecosystem.

BitGo serves as the fund’s strategic infrastructure provider, delivering the qualified custody and staking integration that make this structure possible. The result is a secure and scalable foundation for Canary Capital’s continued expansion into regulated digital asset ETFs.

“BitGo’s infrastructure was purpose-built for digital assets, all under a regulated, secure, and scalable framework,” said Mike Belshe, CEO and Co-Founder of BitGo. “We’re not just powering today’s products; we’re helping build the foundation for the next generation of global financial infrastructure. Our partnership with Canary Capital shows that when innovation meets true operational integrity, anything is possible.”

“Bringing staking rewards into an ETF is exactly the frontier the market is ready for,” said Steven McClurg, CEO of Canary Capital. “BitGo’s infrastructure is key to making it possible, giving us the secure foundation to deliver sophisticated onchain capabilities to a wider universe of investors through a traditional fund wrapper that we believe will see strong demand.”

BitGo Trust Company, Inc., (“BitGo Trust”) provides the qualified custody framework that safeguards the fund’s SOL holdings while enabling staking rewards directly from regulated custody. This structure is reinforced by multi-layer security protocols and up to $250 million in insurance coverage for loss, theft, or misuse of keys.

Marinade’s model distributes staked assets across a broad validator set, maintaining liquidity for SOL within the Solana network. This allows SOLC investors to earn staking rewards while preserving liquidity, transparency, and decentralization, all within a compliant ETF structure.

The launch of SOLC builds on Canary Capital’s rapid ETF innovation, including the Canary Litecoin ETF (LTCC), Canary HBR ETF (HBR), and Canary XRP ETF (XRPC). Each product relies on BitGo’s infrastructure to meet the security and scalability requirements of institutional-grade offerings.

Together, BitGo and Canary Capital are setting the benchmark for regulated, onchain-enabled investment products, bridging the gap between decentralized finance and traditional financial markets.

About BitGo

BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, BitGo has been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of investors.

About Canary Capital

Canary Capital is an investment management firm that blends rigorous risk management, strategic foresight, and innovative thinking to deliver private placement strategies, crypto hedge fund solutions, treasury management solutions, and publicly traded funds, with a focus on enterprise technology.