A platform for cryptocurrency services, CoinList, is introducing a new staking fund tailored for accredited U.S. investors.
Taking note of recent setbacks faced by stalking services like kraken and Coinbase in US due to SEC aggressive stance, Coinlist came up with this unique approach.
Instead of debating with SEC on different angles to figure out on how to offer staking services to digital asset holders in the US, they offered the fund vehicle that would do the staking.
The fund offering is a security, but the fund is private and offered to accredited investors only. CoiList is also considering to offer a retail public fund product, but are are unsure wether itrs right time or not.
The fund provides investors with the ability to earn from “staking” other digital assets like Ethereum and Near. This involves locking up these assets for backing up the blockchain network and reward is earned for that.
The firm aims to extend the fund’s product offerings to other digital assets like Flow, Sui, and Mina in future years. The fund gives investors chance to make passive income from staking without owning those digital assets.
CoinList said in its statement, “Each digital asset will be pooled with like assets and staked according to the requirements of the protocol, and investors’ rewards will be issued in the native token in which they initially purchased fund interests or according to the rules of the protocol.”
This new fund revolutionizes passive income for U.S. investors through innovative staking, marking a groundbreaking leap in hassle-free digital asset earnings.
Also Read: CoinShares Launches Hedge Fund for U.S. Investors
