Marinade Finance Joins Crypto Council for Innovation’s Proof-of-Stake Alliance

Marinade Finance continues leading the charge toward institutional staking adoption. Joining industry heavyweights like a16z, Circle, and Coinbase, Marinade Finance has been accepted into the Crypto Council for Innovation’s (CCI) Proof-of-Stake Alliance (PoSA).

As part of the Alliance, Marinade will help to pioneer and design sustainable staking policies at an institutional level.

What are the Proof-of-Stake Alliance’s key focus areas and how will Marinade’s expertise and insights contribute to institutional staking legislation?

Marinade Joins Crypto Royalty in PoSA

On February 19, the Crypto Council for Innovation welcomed Solana’s oldest staking provider, Marinade Finance, and enterprise-staking operator Alluvial Finance into the prestigious Proof-of-Stake Alliance.

Originally founded in 2019, the PoSA aims to educate regulators and policymakers about the benefits and intricacies of Proof-of-Stake blockchains. 

Bringing years of experience as one of Solana’s biggest staking operators, Marinade joins powerhouses like a16z, Electric Capital, and Paradigm in the CCI. Marinade’s inclusion in the PoSA only strengthens the platform’s influence in establishing Solana staking policies at a regulatory level.

Ji Kim, Head of Global Policy, Digital Assets, & General Counsel at CCI, commends Marinade Finance’s leadership and expertise in the institutional staking landscape. 

In December 2024, Bitwise, an institutional firm boasting over $5B in AUM partnered with Marinade to launch $BSOL, its European Solana Staking ETF. Having already laid the groundwork on a technical level, Marinade is well-positioned to become an institutional staking leader in the U.S. once regulations are established.

Proof-of-Stake Alliance’s Key Focus Areas

Since its inception, the Proof-of-Stake Alliance has allocated resources to three fundamental focus areas in its mission to educate lawmakers and advocate the benefits of Proof-of-Blockchains.

• Staking industry principles

• Legal framework for liquid staking

• Fair taxation of staking rewards

Given its position as one of Solana’s biggest staking operators and liquid staking providers, Marinade Finance is well-equipped to bring a wealth of insight and implement meaningful change in all these areas.

With Solana ETFs expected to be approved later this year, it’s only a matter of time before asset managers and regulators begin looking at ways to incorporate staking rewards into listed funds. This transition is already underway in existing crypto ETFs, with the SEC acknowledging filings to implement staking rewards in 21Shares' Ethereum fund.

Marinade’s experience and existing relationships with institutional firms could be instrumental in ensuring Solana staking ETFs find their way to Wall Street faster.

Alongside Marinade Finance’s inclusion, the CCI also welcomed Moonpay and BitPanda as new members and onboarded former regulator Matt Homer as a Senior Advisor.

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