In order to increase the asset manager’s exposure to Ethereum and Solana, Galaxy will supply the staking infrastructure for two new digital asset exchange-traded products that Morgan Stanley Investment Management has introduced.
The products, the Morgan Stanley Solana Trust and the Morgan Stanley Ethereum Trust, are intended to stake a part of their holdings through institutional validators and are intended to follow the performance of ETH and SOL, respectively.
Galaxy is one of three companies chosen to enable staking across the two products, according to an official statement released on August 18. How much of the ETPs’ assets will be given to Galaxy was not made clear in the statement.
Galaxy has been selected by @MorganStanley Investment Management as an approved validator to power staking for two new digital asset ETPs: Morgan Stanley Ethereum Trust (MSSE) and Morgan Stanley Solana Trust (MSOL).
Both products aim to track the performance of ETH and SOL,… pic.twitter.com/z65FCvKCQi
— Galaxy (@galaxyhq) August 18, 2026
The following day, Galaxy posted on its official X account to announce the selection, although it didn’t go any further information about the nature of the position.
A portion of the ETPs’ underlying ETH and SOL holdings will be staked, and shareholders are anticipated to receive periodical dividends from the profits.
Instead of managing validators directly or staking their own assets, this arrangement gives investors exposure to staking incentives through the exchange-traded products.
The quantity of ETH and SOL staked, network staking returns, validator performance, and relevant fees are some of the variables that will ultimately determine the profit to shareholders.
Source: galaxy.com
Ally Wallace, Global Head of ETFs at Morgan Stanley Investment Management, stated:
“The Ethereum and Solana ecosystems rely heavily on staking, and we’re committed to offering digital asset solutions that satisfy our clients’ increasing demands while upholding Morgan Stanley’s standards.”
By the end of Q2 2026, Galaxy’s Onchain Infrastructure team had almost $2.8 billion in staked assets, including Ethereum, Solana, and other proof-of-stake networks.
According to Steve Kurz, Global Co-Head of Digital Assets at Galaxy, the company’s Ethereum and Solana capabilities were evaluated independently.
“The validator requirements, clientele, and risk considerations of Ethereum and Solana differ.”
The anticipated amount of staking incentives and the fees it will collect from the Morgan Stanley products were not disclosed by the business.
The statement from Morgan Stanley comes after a number of previous events between traditional financial institutions and Galaxy.
Israel’s Bank Leumi stated on August 14 that it will provide trading technology and custody infrastructure for Bitcoin, Ethereum, and Solana via its Leumi Trade app.
Additionally, BNY, which is investigating staking services for institutional clients utilizing Galaxy’s infrastructure, has been involved in a possible staking expansion with Galaxy. Regulatory approval is still pending for the service.
Galaxy and Morgan Stanley previously collaborated on a different cryptocurrency project. For qualified high-net-worth investors, the companies unveiled a system in June that links cryptocurrency loans with Bitcoin ETPs. Instead of staking, it structure concentrated on lending.
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