Coinbase Prime and Figment expand institutional staking to Solana, Cardano, Sui and other networks
Coinbase Prime and Figment are broadening their institutional staking collaboration to include a growing list of proof-of-stake networks beyond Ethereum, the companies said Tuesday.
The integration lets institutional clients stake assets directly from Coinbase Prime's custody tool using Figment's infrastructure, allowing them to manage staking alongside trading and financing from a single platform.
The extended partnership builds on a relationship established in early 2024, when Coinbase Prime first integrated with Figment to offer Ethereum staking. Since then, the firms have enabled more than $2 billion in staked assets.
The companies most recently collaborated to support Grayscale in launching the first U.S. Ethereum exchange-traded fund with staking. The move also comes as new spot Solana staking ETFs are set to launch in the U.S. this week, with Bitwise's BSOL debuting on Tuesday, while Grayscale's Solana Trust ETF is expected to launch on Wednesday.
Broadening institutional staking access
Coinbase Prime and Figment's expanded integration will add support for networks such as Solana, Sui, Aleo, Aptos, Avalanche, Axelar, Cardano, Celestia, Cosmos, EigenLayer, NEAR, and Polkadot, with more to follow.
The partnership provides institutional clients with greater flexibility in choosing staking providers while maintaining secure custody, according to Coinbase. "Expanding our staking integration gives institutions more flexibility to select high-quality staking providers like Figment while safeguarding assets with Coinbase Prime's institutional-grade controls and secure custody," Coinbase Head of Staking Sales Lewis Han said, adding that the collaboration reinforces Coinbase's commitment to decentralization and validator diversity.
"From the start, Figment has focused on security and risk-adjusted performance, building infrastructure for the world's most trusted financial institutions," Figment co-founder and CEO Lorien Gabel said. "Our relationship with Coinbase Prime has been integral here, and we look forward to bringing more companies onchain together."
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