Figment Scales Coinbase Prime Staking as Two ETFs With Yield Launch This Week

TLDR

• Figment and Coinbase Prime now support staking for 12+ PoS networks.
• Over $2B in assets have been staked since their partnership began.
• Bitwise and Grayscale are launching Solana staking ETFs this week.
• Assets stay in custody while earning staking rewards on Coinbase.

Two new spot Solana ETFs are launching in the U.S. this week, and Figment is scaling its staking operations through Coinbase Prime at the same time. With institutional investors seeking more yield from digital assets, the timing aligns with new staking opportunities via regulated products. Figment and Coinbase Prime are expanding their partnership to offer secure, on-custody staking across more Proof-of-Stake networks.

Expanded Integration Across Multiple PoS Networks

Figment and Coinbase Prime have broadened their staking infrastructure partnership to include a larger range of Proof-of-Stake (PoS) networks. Institutions can now stake tokens such as Solana, Polkadot, Avalanche, Cosmos, and NEAR directly through Coinbase Prime while keeping the assets in custody.

The firms first partnered in early 2024 to support Ethereum staking. This initial integration has so far enabled more than $2 billion in staked assets. Clients used this system to stake assets securely while managing other financial activities like trading and financing from the same interface.

Support for New ETFs With Built-In Staking

The timing of the announcement coincides with the launch of two new spot ETFs offering staking features. Bitwise is debuting its BSOL ETF, and Grayscale plans to launch its Solana Trust ETF. These products will offer exposure to Solana with built-in staking yields.

Figment and Coinbase Prime have previously worked together on staking-enabled ETFs. They recently supported Grayscale in launching the first Ethereum ETF in the U.S. with staking functionality. This new development marks a continuation of that trend, with additional networks being included for institutional staking.

Custody-Based Staking With Institutional Controls

Coinbase Prime allows clients to stake their assets using Figment’s infrastructure without moving them out of custody. This structure ensures security and meets the risk management standards required by large financial institutions.

“Expanding our staking integration gives institutions more flexibility to select high-quality staking providers like Figment,” said Lewis Han, Head of Staking Sales at Coinbase. He added that the setup also maintains asset safety using Coinbase Prime’s controls.

By staking directly through Coinbase Prime, clients can access various staking services while keeping operations streamlined. This approach is aimed at financial firms that require both regulatory compliance and operational efficiency.

Support for Validator Diversity and Onchain Expansion

Figment is known for running non-custodial staking infrastructure with a focus on validator diversity and network security. The company currently manages more than $18 billion in staked assets across Ethereum, Solana, and other networks.

“This relationship brings more companies onchain in a secure, scalable way,” said Lorien Gabel, co-founder and CEO of Figment. He stated that Figment has built infrastructure with a focus on security and risk-adjusted returns for institutions.

The extended integration will also include newer networks like Sui, Aleo, Aptos, Axelar, Cardano, Celestia, and EigenLayer. According to the companies, more networks will be added in the future based on client demand.

Coinbase and Figment both emphasized that the partnership also helps support decentralization. By giving clients more staking options and spreading out validator power, the system becomes less dependent on a few key players

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