Galaxy Powers Staking for Morgan Stanley Investment Management's New Ethereum and Solana ETPs
NEW YORK — August 18, 2026 — Galaxy today announced that Morgan Stanley Investment Management has selected Galaxy as one of the approved validators to power staking for two new digital asset exchange-traded products (ETPs): Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and Morgan Stanley Solana Trust (NYSE Arca: MSOL).¹
MSSE and MSOL seek to track the performance of ETH and SOL, respectively, and each intends to stake a portion of its holdings through institutional validators, including Galaxy, passing the resulting staking rewards to shareholders through regular distributions. Galaxy is one of three firms selected to support staking across the two products.
"Ethereum and Solana have different validator requirements, different client bases, different risk considerations," said Steve Kurz, Global Co-Head of Digital Assets at Galaxy. "Morgan Stanley Investment Management evaluated us against both networks, separately, and came back with the same answer twice. That's the kind of diligence institutional capital requires, and it's exactly the standard we built this business to meet."
Morgan Stanley Investment Management’s selection extends Galaxy's role as a staking infrastructure provider to a growing list of major asset managers. It reflects a broader shift as banks and asset managers that once may have treated digital assets as a space to watch are now choosing infrastructure already proven at an institutional scale to do it.
"Staking is a core component of the Ethereum and Solana ecosystems, and we're focused on providing digital asset solutions that meet the growing demand we're seeing from clients while adhering to Morgan Stanley's standards," said Ally Wallace, Global Head of ETFs at Morgan Stanley Investment Management. “Partners like Galaxy, with a longstanding track record across both networks, are central to delivering that.”
Galaxy's Onchain Infrastructure team ended 2Q26 with $2.8 billion in staked assets¹ across Ethereum, Solana, and other leading proof-of-stake networks, and continues to expand its validator and staking footprint across networks and asset managers, with the same focus on performance, uptime, and operational rigor that earned it this role.
Speak to our Onchain Infrastructure team today.
About Galaxy
Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.
Investor Relations Contact: Jonathan Goldowsky - [email protected]
Media Relations Contact: Michael Wursthorn - [email protected]
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $2 trillion in assets under management or supervision as of June 30, 2026. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.
CAUTION ABOUT FORWARD-LOOKING STATEMENTS
The information in this document may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended and "forward-looking information" under Canadian securities laws (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including statements about onchain business, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) risks related to our blockchain infrastructure and staking business; (2) changes in applicable laws or regulations; (3) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (4) changes or events that impact the cryptocurrency and AI/HPC industry, including potential regulation, that are out of our control; (5) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (6) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (7) any delay or failure to consummate the Company’s business mandates or achieve its business pipeline goals; (8) liquidity or economic conditions impacting our business; (9) technological challenges, cyber incidents or exploits; and (10) those other risks contained in filings we make with the Securities and Exchange Commission (the "SEC") from time to time, including in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, available on Galaxy’s profile at www.sec.gov. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.
©Copyright Galaxy Digital 2026. All rights reserved.