On April 30, 2025, the Sei ecosystem will witness a historic moment: Canary Capital has submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) to launch the first SEI ETF in the United States. If approved, this ETF will provide institutional and individual investors with a regulated, standardized, and convenient investment channel, allowing them to directly participate in the staking rewards of Sei Network's native token, SEI.
According to the application documents, the ETF will generate additional income by staking a portion of the tokens, providing investors with passive income. This design continues Canary Capital's innovative approach in crypto products, bringing on-chain core use cases into the traditional financial sector.
Justin Barlow, Executive Director of the Sei Development Foundation, stated: "ETFs have always been an important bridge for the popularization of crypto assets. This application is expected to attract more investors seeking a balance between institutional-level performance and mainstream usability."
This application highlights institutional recognition of the Sei network as a high-performance EVM-compatible blockchain. With a native architecture centered on scalability and transaction parallelization, Sei has unique advantages in supporting the next generation of digital asset markets, decentralized finance (DeFi), decentralized science (DeSci), artificial intelligence, and gaming.
As a high-performance Layer 1 blockchain, Sei retains the tool flexibility of the Ethereum Virtual Machine (EVM) while achieving a 50-fold increase in throughput through groundbreaking parallel execution technology, without sacrificing compatibility or developer experience. Its Giga upgrade reaches a processing capacity of 5 billion gas per second, laying the foundation for emerging application scenarios that require sub-second transaction confirmations.
This unique architecture makes Sei an ideal underlying infrastructure for high-frequency trading, data-intensive, and compliance-sensitive applications. As the demand for speed, scalability, and usability continues to grow among institutions, enterprises, developers, and traders, Sei's modular infrastructure is attracting a new generation of builders and institutional participants.
About Sei
Sei is a Layer 1 blockchain that combines the dual advantages of Ethereum and Solana: it possesses Ethereum's mainstream development standards while achieving Solana-level performance. Since its mainnet launch in 2023, Sei has processed billions of transactions across over 18 million wallets. The V3 Giga upgrade currently in development and testing will enhance Sei's performance to 50 times that of existing EVM chains, providing a revolutionary scaling solution for the Ethereum ecosystem. Its team is supported by top institutions such as Multicoin, Jump, and Coinbase Ventures.
Learn more: https://www.seifdn.org
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