Key Takeaways
- • Morgan Stanley Investment Management selected Galaxy as one of three approved validators to power staking for its two new digital asset ETPs, the Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and the Morgan Stanley Solana Trust (NYSE Arca: MSOL), according to a Galaxy announcement dated August 18, 2026.
- • 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, passing staking rewards to shareholders through regular distributions.
- • Galaxy's Onchain Infrastructure team ended 2Q26 with $2.8 billion in staked assets across Ethereum, Solana, and other proof-of-stake networks.
- • Morgan Stanley Investment Management, with $2 trillion in assets under management or supervision as of June 30, 2026, is among a growing group of major asset managers choosing Galaxy's staking infrastructure.
Summary
Galaxy announced on August 18, 2026 that Morgan Stanley Investment Management has selected it as one of the approved validators to power staking for two new digital asset exchange-traded products: the Morgan Stanley Ethereum Trust (NYSE Arca: MSSE) and the Morgan Stanley Solana Trust (NYSE Arca: MSOL). Galaxy is one of three firms selected to support staking across the two products. Both funds seek to track the performance of their underlying assets, ETH and SOL, and each intends to stake a portion of its holdings through institutional validators, distributing the resulting staking rewards to shareholders on a regular schedule.
Steve Kurz, Global Co-Head of Digital Assets at Galaxy, said the two networks have different validator requirements, client bases, and risk considerations, and that Morgan Stanley Investment Management evaluated Galaxy against each network separately before selecting it for both. Ally Wallace, Global Head of ETFs at Morgan Stanley Investment Management, said staking is a core component of the Ethereum and Solana ecosystems and that the firm is focused on meeting growing client demand while adhering to Morgan Stanley's standards. She cited Galaxy's longstanding track record across both networks.
The selection extends Galaxy's role as a staking infrastructure provider to a growing roster of major asset managers. Galaxy's release characterizes this as part of a broader shift in which banks and asset managers that once monitored digital assets are now relying on infrastructure already proven at institutional scale. Galaxy's Onchain Infrastructure team ended 2Q26 with $2.8 billion in staked assets across Ethereum, Solana, and other leading proof-of-stake networks, and the company says it continues to expand its validator and staking footprint.
Galaxy Digital Inc. (Nasdaq: GLXY) describes itself as a global digital assets and data center infrastructure company. Morgan Stanley Investment Management, which has more than 1,300 investment professionals, reported $2 trillion in assets under management or supervision as of June 30, 2026. The information is drawn from Galaxy's press release, and the release notes that its forward-looking statements carry risks including regulatory change and blockchain staking business risks.
Steve Kurz, Global Co-Head of Digital Assets at Galaxy, said the two networks have different validator requirements, client bases, and risk considerations, and that Morgan Stanley Investment Management evaluated Galaxy against each network separately before selecting it for both. Ally Wallace, Global Head of ETFs at Morgan Stanley Investment Management, said staking is a core component of the Ethereum and Solana ecosystems and that the firm is focused on meeting growing client demand while adhering to Morgan Stanley's standards. She cited Galaxy's longstanding track record across both networks.
The selection extends Galaxy's role as a staking infrastructure provider to a growing roster of major asset managers. Galaxy's release characterizes this as part of a broader shift in which banks and asset managers that once monitored digital assets are now relying on infrastructure already proven at institutional scale. Galaxy's Onchain Infrastructure team ended 2Q26 with $2.8 billion in staked assets across Ethereum, Solana, and other leading proof-of-stake networks, and the company says it continues to expand its validator and staking footprint.
Galaxy Digital Inc. (Nasdaq: GLXY) describes itself as a global digital assets and data center infrastructure company. Morgan Stanley Investment Management, which has more than 1,300 investment professionals, reported $2 trillion in assets under management or supervision as of June 30, 2026. The information is drawn from Galaxy's press release, and the release notes that its forward-looking statements carry risks including regulatory change and blockchain staking business risks.
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