Figment Deepens Coinbase Prime Partnership as Institutional Staking Demand Accelerates
October 28, 2025
Institutional investors can now stake Solana, Avalanche, and other major Proof-of-Stake (PoS) assets directly through Coinbase Prime, as demand for yield-bearing crypto investments continues to grow with the launch of new staking-enabled ETFs.
Figment announced Tuesday an expansion of its staking infrastructure integration with Coinbase Prime, allowing clients to earn rewards across multiple PoS networks without moving their assets out of custody.
The timing aligns with the debut of several spot crypto ETFs on the New York Stock Exchange this week, many of which feature built-in staking functions — marking a significant step toward mainstream institutional adoption of on-chain yield strategies.
Coinbase Prime, the institutional brokerage platform of Coinbase (COIN), first partnered with Figment in early 2024 to enable Ethereum (ETH) staking. Since then, the collaboration has supported over $2 billion in staked assets, including contributions to Grayscale’s ETH exchange-traded product.
With this latest update, institutions can now stake across additional networks such as Solana, Avalanche, Cosmos, Polkadot, and NEAR — all directly through Coinbase’s interface. Assets remain within Coinbase custody, offering a unified solution for staking, trading, and financing.
“As institutional participation in digital assets matures, yield generation through staking has become an essential feature,” said Figment CEO Lorien Gabel. “This integration gives companies secure, scalable access to staking while reinforcing the broader on-chain ecosystem.”
Figment added that the expansion also improves validator diversity, supporting decentralization across major networks. The firm currently manages more than $18 billion in staked assets, positioning it as one of the largest non-custodial staking providers for both Ethereum and Solana.
