Everstake Partners with Canary Capital to Power Staking in the Newly Launched Nasdaq-Listed SUI ETF

Everstake, the leading global non-custodial staking provider, has entered a partnership with Canary Capital, a digital asset investment management firm. Together, the companies will power the staking capabilities of the newly launched SUIS, a SUI ETF, now officially listed on Nasdaq.

This groundbreaking exchange-traded fund represents a major leap forward for institutional digital asset adoption, offering Wall Street direct exposure to the Sui network alongside the compounding benefits of enterprise-grade staking.

Price Exposure Meets Staking Rewards

The Canary Capital SUI ETF goes beyond simple price tracking. It is designed to offer investors a familiar, regulated vehicle to gain exposure to the spot price of SUI and the native rewards generated by the blockchain.

Investors gain exposure to the high-performance Sui blockchain without the technical complexities of self-custody, wallet management, or running validator nodes.

“The Canary Staked SUI spot ETF (SUIS) brings exposure to SUI in a registered, exchanged-traded structure, while also enabling investors to benefit from net staking rewards generated through SUI’s proof-of-stake mechanism,” said Steven McClurg, CEO at Canary Capital.

The ETF utilizes a PoS mechanism to accrue network rewards. The net in-kind staking rewards are reflected directly in the ETF’s Net Asset Value (NAV). Because the fund receives newly issued SUI tokens rather than cash payouts, the ETF’s shares increase in value over time as rewards compound daily.

“The Sui Network represents the evolution of blockchain utility—it’s highly scalable, supported by robust developer activity, and designed for real-world adoption,” said McClurg.

All underlying SUI assets are safeguarded within BitGo’s regulated, insured, and 100% cold-storage qualified custody framework.

“Today marks an important milestone for both institutional and retail access to the Sui ecosystem,” said Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs, the original contributor to Sui. “Sui was built to serve as the foundation for a new global economy, and this launch unlocks exposure for investors who believe in the technology powering that innovation.”

Everstake and BitGo

To deliver on the promise of secure and consistent staking rewards, Canary Capital has integrated BitGo as the fund’s foundational custody and staking infrastructure platform. Through BitGo’s secure architecture, the ETF’s SUI holdings are securely delegated to highly reliable network validators, such as Everstake.

By selecting Everstake as a staking provider, the fund ensures its assets are working efficiently to secure the Sui network while capturing maximum rewards for investors in a completely risk-managed and compliant environment.

Why Everstake?

As institutional participation in crypto staking accelerates, the demand for verifiable, high-performance validator infrastructure is non-negotiable. Everstake brings unmatched scale and reliability to Canary Capital’s SUI ETF.

Everstake is among the largest global non-custodial staking providers with proven track record of serving over 1,600,000 users across more than 130 blockchain networks throughout its history. Our infrastructure is built for enterprise compliance, backed by rigorous SOC 2 Type II, ISO 27001:2022, and NIST CSF certifications, as well as strict GDPR and CCPA compliance.

We operate bare-metal servers that consistently deliver an industry-leading 99.98% uptime, ensuring the ETF’s staking operations run continuously without slashing penalties or missed rewards.

Everstake has an impressive track record of providing secure, API-first validator services for the world’s top asset managers, exchanges, and custodians.

A New Era for Institutional Staking

The launch of the Nasdaq-listed SUIS is a watershed moment, seamlessly bridging Web2 operational simplicity with Web3 rewards opportunities. The ultimate combination of Canary Capital’s premier financial engineering, BitGo’s battle-tested custody, and Everstake’s flawless validator infrastructure provides institutional investors with a highly productive, fully regulated avenue to efficiently participate in the decentralized economy without regulatory risks.

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All metrics displayed on the website, including without limitations value of staked assets, total number of active users, rewards rates, and networks supported, are historical figures and may not represent the actual real-time data.