Asset management firm VanEck partners with Kiln to offer SOL pledges

On October 30, Blockworks reported that asset management firm VanEck has partnered with Kiln to begin SOL pledging.VanEck will now offer regulated Solana pledge rewards. VanEck is currently one of the few firms in Europe to offer regulated Solana funds.Kiln is an enterprise-level pledge provider with integrations with the likes of Coinbase and Babylon.

Both VanEck and 21Shares filed for spot SOL ETFs this summer, but negotiations have reportedly stalled due to U.S. SEC concerns over whether Solana is a security. Currently, the primary market for regulated Solana products is in Europe.