Canary Capital submitted an updated pre-effective amendment for its Staked SEI ETF. The filing addresses SEC comments with a revised prospectus.
According to Network on X, the amendment includes responses to regulatory concerns. The prospectus reflects recent blockchain developments. This marks a critical step toward potential approval.
The ETF structure enables investors to gain SEI exposure through traditional brokerage accounts. Staking rewards offer additional yield beyond price movements. BitGo and Coinbase will provide custody services for the fund's assets.
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Mobile Finance Revolution Targets Millions
Sei Network announced a partnership with Xiaomi on December 10. A finance app powered by Sei will come pre-installed on new devices. The integration targets markets outside mainland China and the US.
As ">Sei Network tweeted on X, the collaboration brings mobile finance to Xiaomi's global user base. The app enables stablecoin payments built directly into smartphones. Money becomes instant through integrated technology.
Xiaomi shipped 168 million phones in 2024. The company holds approximately 13% global market share. Sei gains distribution access without requiring user downloads.
Clarification on Payment Features
Sei blockchain issued a clarification on X regarding the Xiaomi announcement. The collaboration centers on pre-installing a Sei-based mobile finance app. It provides Web3 access for smartphone users.
Xiaomi is not directly supporting digital-currency payment features currently. The company will not operate stablecoins at this stage. App features will roll out gradually over time.
The partnership prioritizes regions with established crypto adoption. Europe, Latin America, Southeast Asia, and Africa receive initial focus. These markets represent areas where Xiaomi maintains significant presence.
Initial deployment begins in Hong Kong and the European Union. The timeline targets Q2 2026 for stablecoin payment activation. Over 20,000 Xiaomi retail stores will eventually support the system.
Institutional Access Through Regulated Products
The updated ETF filing demonstrates Canary Capital's commitment to regulatory compliance. Addressing SEC feedback brings the product closer to market launch. Investors gain access to blockchain staking through familiar investment vehicles.
Staking rewards allow holders to earn yield on assets. The mechanism captures returns from blockchain protocols. Traditional brokerage integration makes participation accessible to mainstream investors.
The Sei Development Foundation supports protocol growth in the US. Executive Director Justin Barlow told media that ETFs serve as adoption gateways. They bridge crypto and mainstream markets effectively.
Sei processed over four billion transactions across 80 million wallets. The network combines Ethereum's network effects with high-performance capabilities. Institutional investors from Multicoin, Jump, and Coinbase Ventures back the project.
The mobile app features Google and Xiaomi ID integration. Multi-party computation provides wallet security. Users access decentralized applications and peer-to-peer transfers seamlessly.
Jeff Feng, Co-Founder of Sei Labs, described the Xiaomi collaboration as watershed. The partnership embeds high-performance infrastructure into popular smartphone ecosystems. It reimagines how users interact with digital assets daily.
Sei launched a $5 million Global Mobile Innovation Program. The initiative accelerates real-world blockchain adoption through consumer devices. Developers building mobile applications receive funding support.
