Luganodes x Canary Capital: Staking Provider for Canary's TRX ETF

Introduction

Luganodes is pleased to announce its role as staking provider for the Canary Staked TRX ETF, a digital asset exchange-traded fund sponsored by Canary Capital Group LLC and listed on the Cboe BZX Exchange. The fund is designed to give investors exposure to the price of Tron (TRX), plus an additional yield component generated through native staking on the TRON network.

For investors, the fund offers a way to hold TRX and capture its potential staking yield through a standard brokerage account, without directly managing digital assets, wallets, or validator relationships.

The Investment Case for TRON

TRON has become the leading settlement rail for USDT, the world's largest stablecoin. As of mid-2026, TRON carries roughly 46% of USDT's total circulating supply, more than $85 billion, and processed close to $2 trillion in USDT transfer volume in the first quarter of 2026 alone, trailing only Ethereum among all blockchains.

That volume reflects real, fee-generating usage rather than speculative activity: remittances, cross-border payments, and exchange settlement routed through TRON for its low transaction costs and fast finality. Network fees generated by this activity fund the rewards distributed to TRX stakers, which currently run at an annualized yield of roughly 4%.

For an ETF structure, this combination is what makes the product distinctive. Investors potentially gain price exposure to an asset with demonstrated transactional demand, plus a yield component tied to that demand rather than to token issuance alone. The position still carries the price volatility typical of digital assets, but the underlying use case gives TRX exposure a different risk and return profile than tokens without comparable network activity.

About Canary Capital and the Canary Staked TRX ETF

Canary Capital Group LLC is a digital asset investment firm focused on building registered crypto grade products that bridge traditional finance and blockchain networks. The Canary Staked TRX ETF, established as a Delaware statutory trust and listed on the Cboe BZX Exchange, is designed to provide exposure to TRX through an exchange-traded product structure, subject to SEC review.

Key characteristics include:

• Direct exposure to TRX held by the Trust

• A secondary objective to potentially earn additional TRX through a staking program administered by the Sponsor

• Accessibility through traditional brokerage accounts

• Institutional-grade custody provided by a digital asset custodian

• A native staking model, with potential rewards contributing to the fund's overall yield

By combining direct price exposure with staking, the fund seeks to give investors a return stream tied to both TRX's market value and the fee economy of the underlying network.

Luganodes x Canary Capital

As staking provider for the Canary Staked TRX ETF, Luganodes will operate the validator infrastructure responsible for earning the fund's staking yield. For investors, this addresses a risk that sits outside the price of TRX itself: validator reliability. A missed block or an inconsistent voting record translates directly into reduced yield for the fund.

Luganodes has operated a TRON validator since July 2022, with a 99.98% block production rate and zero slashing events on record. The validator ranks #17 by voting weight, with 1.28B+ TRX in delegated votes (~$275M+). Luganodes is SOC 2 Type II certified, GDPR and ISO 27001 aligned.

This operational track record is what allows the fund to add a staking component without adding operational risk that investors would otherwise have to underwrite themselves.

Conclusion

The proposed Canary Staked TRX ETF is designed to give investors registered, exchange-traded access to a stablecoin settlement network with real transactional volume, plus a yield component captured through institutional-grade staking infrastructure.

By serving as a staking provider, Luganodes takes on the validator and operational risk embedded in that yield, so investors do not have to manage it themselves.

This collaboration reflects Luganodes' ongoing commitment to providing reliable validator infrastructure and supporting the continued integration of blockchain networks into financial products.

About Luganodes

Luganodes is a world-class, non-custodial blockchain infrastructure provider that has rapidly gained recognition in the industry for offering institutional-grade services. It was born out of the Lugano Plan B Program, an initiative driven by Tether and the City of Lugano. Luganodes maintains an exceptional 99.9% uptime with round-the-clock monitoring by SRE experts. With support for 40+ PoS networks and serving 60+ institutional cliens, it ranks among the top validators on Polygon, Polkadot, Sui, and Tron. Luganodes prioritizes security and compliance, holding the distinction of being one of the first staking providers to adhere to all SOC 2 Type II, GDPR, and ISO 27001 standards as well as offering Chainproof insurance to institutional clients.

The information herein is for general informational purposes only and does not constitute legal, business, tax, professional, financial, or investment advice. No warranties are made regarding its accuracy, correctness, completeness, or reliability. Luganodes and its affiliates disclaim all liability for any losses or damages arising from reliance on this information. Luganodes is not obligated to update or amend any content. Use at your own risk. For specific guidance, please consult a qualified professional.