Morgan Stanley, described in the source as Wall Street’s largest wealth management firm, has filed an application for a spot Solana ETF with a 0.14% management fee. The filing names several service providers, including Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada, and says 95% of reward income would be passed through to fund shareholders. At the same time, SBI Global Asset Management has launched a tokenized Japanese equity fund on the Solana blockchain. The SBI-JX fund is aimed at institutional and qualified investors and offers on-chain access to a high-dividend Japanese stock strategy. According to CryptoBriefing, the two developments point to broader adoption of blockchain technology in traditional finance.
Morgan Stanley, identified in the source as Wall Street’s largest wealth management firm, has filed an application for a spot Solana ETF with a 0.14% management fee.
The filing includes service providers such as Figment, Galaxy Blockchain Infrastructure, and Coinbase Canada. It also proposes passing 95% of reward income to fund shareholders.
Separately, SBI Global Asset Management has launched a tokenized Japanese equity fund on the Solana blockchain. The SBI-JX fund is designed for institutional and qualified investors, offering an on-chain route to a high-dividend Japanese stock strategy.
CryptoBriefing said the two moves show rising adoption of blockchain technology in traditional financial markets.
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