Spirit Blockchain Capital Inc., a Canadian firm specializing in blockchain and digital assets, has announced an expanded strategic partnership with Astralane, a leading Web3 infrastructure company under Audace Labs. This collaboration leverages Astralane’s institutional-grade staking infrastructure to introduce the Staked SOL Index, with plans to evolve it into an Exchange-Traded Product. The initiative marks a significant step in Spirit’s multi-chain strategy, enhancing investor access to decentralized finance yields from Solana while integrating existing blockchain ecosystems like Dogecoin and EOS.
Highlights of the Partnership
- Launch of the Staked SOL Index & Future ETP Development
- Offers institutional and retail investors passive exposure to Solana staking yields (up to 11% APY).
- Built on Astralane’s DOGO validator, ensuring secure and efficient staking.
- Strengthens Spirit’s blockchain portfolio alongside Dogecoin and EOS initiatives.
- Expansion of Multi-Chain Treasury Management Solutions
- Spirit integrates Solana, Dogecoin, and EOS into a comprehensive blockchain treasury solution.
- Designed to help corporate clients diversify exposure across multiple blockchain assets.
- Institutional-Grade Standards
- Focused on security, liquidity, compliance, and scalability to meet institutional investor needs.
- Bridges traditional finance with blockchain-native asset management solutions.
- Strategic Advisory Leadership
- Jaskanwar Singh, co-founder of Astralane and serial entrepreneur, joins Spirit Blockchain Capital’s advisory board.
- Brings expertise in validator infrastructure, DeFi strategies, and blockchain scaling.
- Enhances Spirit’s branding, marketing, and partnership development across blockchain ecosystems.
- Advancing Tokenization Platforms
- Spirit plans to build a tokenization framework, enabling traditional assets to leverage blockchain for enhanced efficiency.
- Supports future growth in yield-bearing digital asset solutions.
- Future Expansion & Institutional Adoption
- Spirit and Astralane are targeting European expansion, aligning with regulatory developments.
- Strengthens Canada’s role as a global blockchain innovation hub.
Institutional-Grade Treasury Management & Tokenization
Spirit Blockchain Capital is developing a next-generation multi-chain treasury management framework, integrating staking, liquidity management, and tokenization. With regulatory momentum increasing—such as the White House’s exploration of a crypto reserve—the demand for institutional-grade digital asset solutions continues to grow.
As part of this initiative:
- Jaskanwar Singh will lead Spirit’s institutional engagement strategy, leveraging his Web3 network.
- His expertise in scaling validator infrastructure will optimize staking solutions for institutional investors.
- Spirit aims to create an ecosystem that seamlessly connects DeFi and traditional finance.
Financial & Regulatory Considerations
- As part of the advisory agreement, Spirit Blockchain Capital will compensate Jaskanwar Singh with $50,000 per annum for his services.
- The company may also issue shares upon achieving performance milestones, subject to regulatory approvals from the Canadian Securities Exchange.
- Any issued securities will have a four-month and one-day hold period as per applicable regulations.
Spirit Blockchain Capital’s expanded partnership with Astralane represents a major step in bridging Web3 and institutional finance. With a multi-chain investment strategy, including Solana, Dogecoin, and EOS, the company is positioning itself as a leader in digital asset exposure and blockchain-based treasury management. The launch of the Staked SOL Index and future ETP developments will provide new opportunities for investors to access yield-bearing blockchain assets with institutional-grade security.
