yield takes form.

The institutional
marketplace for
digital yield.

Gyld separates Ethereum and Solana staking yield from principal, turning passive network rewards into transparent, tradeable fixed-income instruments built for institutional mandates.

Request a Briefing How it works
2
Networks at Launch
T+0
Settlement
3×
Independent Audits
KYC
AML Compliant
Ethereum
ETH · Proof of Stake
Live
3.94
%
+0.06%
28-day
Average period
T+0
Settlement
PT
Principal Token
YT
Yield Token
Solana
SOL · Proof of History
Live
6.81
%
+0.12%
28-day
Average period
T+0
Settlement
PT
Principal Token
YT
Yield Token
● ETH-YT 3.94% ↑ · ● ETH-PT 0.9812 +0.001 · ● SOL-YT 6.81% ↑ · ● SOL-PT 0.9741 +0.002 · ● ETH-YT 90D 3.91% · ● SOL-YT 90D 6.77% · ● ETH-YT 180D 3.88% · ● SOL-YT 180D 6.72% · ● ETH-YT 3.94% ↑ · ● ETH-PT 0.9812 +0.001 · ● SOL-YT 6.81% ↑ · ● SOL-PT 0.9741 +0.002 · ● ETH-YT 90D 3.91% · ● SOL-YT 90D 6.77% · ● ETH-YT 180D 3.88% · ● SOL-YT 180D 6.72%
The Gap We Close

The yield is there.
The tools aren't.

Unsolved Today

Untradeable yield

ETH and SOL staking rewards accrue in real time but have no liquid secondary market. Institutional books can't carry exposure they can't size, hedge, or exit.

Unsolved Today

Liquidity friction

The only way to realise staking income today is to unstake. That severs the yield flow, introduces unbonding delays, and forces an all-or-nothing decision.

Unsolved Today

Compliance opacity

Custodians, fund admins, and auditors have no common framework for valuing or reporting staking income. Gyld provides the infrastructure layer that fixes this.

How It Works

Principal and yield.
Separated. Tradeable.

Gyld's issuance engine splits any staked ETH or SOL position into two independently tradeable instruments, giving institutions the precision of a fixed-income desk applied to digital asset yield.

  • 01

    Deposit staked asset

    Institutions deposit ETH or SOL into Gyld's regulated custody layer. The position remains staked and generating network rewards throughout the lifecycle.

  • 02

    Instrument issuance

    The issuance engine mints two distinct tokenized instruments: a Principal Token (PT) and a Yield Token (YT), each tradeable independently on Gyld's marketplace.

  • 03

    Independent trading

    PT and YT trade with full order book depth, T+0 settlement, and real-time price discovery. Yield can be sold forward. Principal held without yield risk.

  • 04

    Redemption at maturity

    PT holders redeem at par. YT holders have received all yield distributions. Bond-equivalent settlement with no unbonding delay.

Staked Asset (ETH or SOL)
Gyld Issuance Engine
PT
Principal Token
Par value at maturity
YT
Yield Token
Streaming staking income
T+0
Settlement
KYC
Compliant
3×
Audited
Ethereum · ETH
Solana · SOL
Full explainer
Available Instruments

ETH and SOL staking bonds,
at launch.

Two networks. Four instruments. Full principal-yield separation across 30, 90, and 180-day maturities.

InstrumentTypeMaturityCurrent Yield / PriceSettlement
ETH-YT
Yield Token30 / 90 / 180 day3.94%T+0Enquire →
ETH-PT
Principal Token30 / 90 / 180 day0.9812 parT+0Enquire →
SOL-YT
Yield Token30 / 90 / 180 day6.81%T+0Enquire →
SOL-PT
Principal Token30 / 90 / 180 day0.9741 parT+0Enquire →
For Allocators

Built for the way
institutions work.

ETF & ETP Issuers

Use yield as a product layer

Incorporate ETH-YT and SOL-YT as an underlying yield component in structured crypto products. Transparent, daily-valued, and audit-ready.

Explore use case
Asset Managers

Manage duration and income

Trade ETH and SOL yield exposure independently of principal. Build laddered yield strategies across 30, 90, and 180-day maturities.

Explore use case
Treasury & Corporate

Put idle digital assets to work

Convert dormant ETH or SOL holdings into structured income without sacrificing principal exposure. Align maturities to your treasury cycle.

Explore use case
Prime & Custodian Desks

Add yield markets to your stack

Integrate via API. Offer clients ETH and SOL yield trading with Gyld's compliance and reporting layer embedded natively.

Explore integration
Research

Shaping the yield curve
for ETH and SOL.

All research
White PaperFebruary 2025

The Digital Yield Curve: A Fixed-Income Framework for ETH and SOL Staking

An institutional framework for pricing, valuing, and trading Ethereum and Solana staking income as duration instruments.

Read Paper
CommentaryMar 2025

ETH Staking Yields Under Macro Pressure: Q1 2025 Review

Read
ExplainerJan 2025

Principal-Yield Separation on ETH and SOL: A Primer for TradFi Allocators

Read
Get Started

Ready to put
yield to work?
Let's talk.

Request a private briefing with our institutional team. We will walk through the instrument mechanics, compliance framework, and integration pathway for your specific mandate.

NDA available on request
48-hour response commitment
No unsolicited follow-up
Request a Briefing