SEI Ecosystem Hits Milestone as First SEI ETF Filed in the U.S.

On April 30, 2025, the Sei ecosystem witnessed a historic moment: Canary Capital has submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) to launch the first-ever 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 Sei Network's native token SEI staking rewards.

According to the application document, this ETF will generate additional income for investors through staking a portion of the tokens, providing 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 a crucial bridge to mainstream adoption of crypto assets. This application is expected to attract more investors seeking institutional-grade performance and mainstream usability."

This application highlights institutional recognition of the Sei Network as a high-performance EVM-compatible blockchain. With its native architecture centered around scalability and transaction parallelism, Sei has a unique advantage in supporting the next generation of digital asset markets, decentralized finance (DeFi), decentralized science (DeSci), artificial intelligence, gaming, and other fields.

As a high-performance Layer 1 blockchain, Sei retains the tooling flexibility of the Ethereum Virtual Machine (EVM) while achieving a 50x throughput increase through groundbreaking parallel execution technology, without compromising compatibility or developer experience. Its Giga Upgrade further reaches a processing capacity of 50 billion gas per second, laying the foundation for emerging applications requiring sub-second transaction confirmations.

This unique architecture makes Sei an ideal underlying infrastructure for high-frequency trading, data-intensive, and compliance-sensitive applications. With the continued growth in demand for speed, scalability, and ease of use from 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 strengths of Ethereum and Solana: it adheres to Ethereum's mainstream development standards while delivering Solana-level performance. Since its mainnet launch in 2023, Sei has processed billions of transactions from over 18 million wallets. The V3 Giga upgrade currently undergoing network testing will enhance Sei's performance to be 50 times that of existing EVM chains, providing a revolutionary scaling solution for the Ethereum ecosystem. The team has received support from top-tier institutions such as Multicoin, Jump, and Coinbase Ventures.

Learn more: https://www.seifdn.org

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