Coinbase Prime and Figment Broaden Institutional Staking to Major PoS Networks

Coinbase Prime and Figment have strengthened their partnership to offer institutional staking across more Proof-of-Stake (PoS) networks, marking a significant step toward mainstream crypto ￰0￱ initially focusing on Ethereum in 2024, the collaboration now includes major blockchains like Solana, Cardano, Sui, Avalanche, and ￰1￱ expansion follows the successful staking of over $2 billion in assets through their integrated infrastructure, underscoring rising institutional demand for diversified staking access and secure onchain yield ￰2￱ Staking Access Across Major Networks According to the press release , through the expanded integration, Coinbase Prime users can now stake multiple assets without transferring funds out of Coinbase’s custody ￰3￱ allows institutional clients to manage trading, staking, and financing operations seamlessly through one ￰4￱ system also enhances decentralization and validator diversity, ensuring greater security and transparency across the supported networks.

Figment’s infrastructure, designed for large-scale institutions, supports over $18 billion in assets and continues to grow with the inclusion of new PoS ￰5￱ improving operational efficiency, this development gives asset managers the flexibility to select reliable staking providers while maintaining custody ￰6￱ move demonstrates how institutional staking is maturing, blending enterprise-grade security with the flexibility of decentralized finance ￰7￱ Maintains Key Support as Institutional Interest Rises Solana (SOL) remains in focus amid institutional ￰8￱ a slight 1.4% dip in the last 24 hours, the token trades around $198.35 with a market cap exceeding $109 billion.) attracted strong early activity, recording $10 million in trading volume within its first 30 ￰9￱ to Eric Balchunas, Senior ETF analyst for Bloomberg, the product outperformed Canary’s Hedera and Litecoin ETFs, which logged $4 million and $400,000, ￰10￱ strong debut underscores rising institutional confidence in Solana’s staking potential, especially as Grayscale prepares to convert its Solana Trust into an ETF.