On April 30, 2025, a historic moment arrives for the Sei ecosystem: Canary Capital has submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC), applying 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 staking rewards for the Sei Network's native token SEI.
According to the application document, the ETF will generate additional income by staking a portion of tokens, providing passive income for investors. This design continues Canary Capital's innovative approach in crypto products, introducing on-chain core use cases into traditional financial fields.
Justin Barlow, Executive Director of Sei Development Foundation, stated: "ETFs have always been an important bridge for promoting crypto asset adoption. This application is expected to attract more investors seeking both institutional-level performance and mainstream usability."
This application highlights institutional recognition of Sei Network as a high-performance EVM-compatible blockchain. With its native architecture focusing on scalability and transaction parallelization, Sei has unique advantages in supporting next-generation digital asset markets, DeFi, DeSci, artificial intelligence, and gaming sectors.
As a high-performance Layer 1 blockchain, Sei retains the Ethereum Virtual Machine's (EVM) tool flexibility while achieving a 50-fold throughput improvement through breakthrough parallel execution technology, without compromising compatibility or developer experience. Its Giga upgrade reaches a processing capacity of 5 billion gas per second, laying the foundation for emerging application scenarios requiring sub-second transaction confirmations.
This unique architecture makes Sei an ideal underlying infrastructure for high-frequency trading, data-intensive, and compliance-sensitive applications. As institutions, enterprises, developers, and traders continue to grow their demand for speed, scalability, and usability, 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: possessing 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 under network 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 has received support from top institutions like Multicoin, Jump, and Coinbase Ventures.
Learn more: https://www.seifdn.org
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