Coinbase Prime and Figment will offer institutional staking across a broader range of Proof-of-Stake networks, including Solana, Avalanche, Cardano, Cosmos, NEAR, and Polkadot, among others.
The collaboration will allow institutions to stake directly from the Coinbase Prime platform without removing assets from custody, integrating staking management, trading, and financing within a single operational environment.
Both firms have jointly managed more than $2 billion in staked assets. Figment, which oversees over $18 billion in staking assets, will provide the technical infrastructure and validators, while Coinbase will handle institutional controls and custody.
The expansion of this collaboration comes as the first U.S. ETFs with staking, such as Bitwise’s BSOL and Grayscale’s Solana Trust, make their debut. These new products have been highly anticipated and are expected to increase institutional demand for yield-generating digital assets.
Source: https://figment.io/insights/coinbase-figment-expand-divisified-institutional-staking/
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