Nikolas Sargeant
On Monday, the Sei team announced via X that REX Shares and Osprey Funds have updated their Staked SEI ETF filing with the SEC, setting October 23 as the effective date.
The proposed ETF provides spot SEI exposure with staking, filed alongside NEAR, HYPE, SUI, AVAX, and others.
Sei sits among industry leaders across crypto, payments, and financial institutions in Mastercard's latest effort to bridge financial services with scalable global payment rails.
Sei is a blockchain designed for fast, cheap financial transactions, combining the network effects of Ethereum with the performance of Solana.
The blockchain has processed more than five billion transactions across more than 90 million wallets and has become the #1 EVM chain by number of active users. The team is backed by top investors such as Multicoin, Jump, Coinbase Ventures, and Circle Ventures – and includes talent from companies like Robinhood, Google, Coinbase, Databricks, Uber, and Goldman Sachs.
Sei is a high-speed Layer 1 blockchain tailored for the digital asset boom, from NFTs to DeFi. The blockchain intends to unlock a brand-new design space for consumer-facing applications.
Sei's security is anchored in a multifaceted approach that integrates advanced technology, stringent security protocols, and a commitment to transparent governance. At its core, Sei leverages a sector-specific Layer 1 blockchain architecture, designed specifically for trading, which inherently enhances its security profile by catering to the unique demands of decentralized exchanges (DEXes). This specialization allows Sei to offer unparalleled transaction speeds and reliability, crucial for DEX operations where even brief downtimes can have significant repercussions.
Its native coin, SEI is down 9.6% in the last 24 hours and is now trading at $0.07453 per coin.
