According to exclusive information from Lightspeed, asset management company VanEck has partnered with Kiln to begin SOL Staking. VanEck will now offer regulated Solana staking rewards. Currently, VanEck is one of the few companies in Europe providing regulated Solana funds. Kiln is an enterprise-level staking service provider, integrated with companies like Coinbase and Babylon. Both VanEck and 21Shares applied for a spot SOL ETF this summer, but negotiations have reportedly stalled due to SEC concerns about whether Solana is a security. Currently, the main market for regulated Solana products is in Europe, where 21Shares' Solana staking ETP manages over $1 billion in assets, making it the third-largest in Europe. (Blockworks)