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Figment Scales Coinbase Prime Staking as 2 ETFs With Yield Launch This Week
Institutions can now stake Solana, Avalanche, and other PoS assets in custody via Coinbase Prime, just as ETF-driven staking demand ramps up.
Oct 28, 2025, 12:00 p.m.
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What to know:
- Figment and Coinbase Prime have expanded their staking integration to include multiple Proof-of-Stake networks beyond Ethereum.
- Institutions can now stake assets like Solana and Polkadot through Coinbase Prime without removing them from custody.
- The move coincides with the launch of staking-enabled crypto ETFs on the NYSE, highlighting growing demand for yield in digital assets.
Figment is expanding its staking infrastructure integration with Coinbase Prime, giving institutional investors broader access to staking across a growing list of Proof-of-Stake (PoS) networks, all without taking assets out of custody.
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The announcement Tuesday comes as several spot crypto exchange-traded funds (ETFs) with built-in staking features launch on the New York Stock Exchange today, signaling increasing institutional interest in earning yield on digital assets.
Coinbase Prime, the institutional brokerage arm of Coinbase (COIN), first partnered with Figment in early 2024 to support Ethereum staking. Since then, the firms have enabled over $2 billion in staked assets, including support for Grayscale’s ETH exchange-traded product.
The expanded integration now includes support for a wider range of PoS networks, such as Solana, Avalanche, Cosmos, Polkadot and NEAR. Through the Coinbase Prime platform, clients can stake assets directly with Figment while keeping their tokens in Coinbase’s custody solution, the companies said. This setup allows institutions to manage staking, trading and financing from one interface.
“With institutional demand shifting toward yield-generating digital assets, streamlined access to staking is no longer optional,” said Figment CEO Lorien Gabel in a statement. “This relationship brings more companies onchain in a secure, scalable way.”
The move also strengthens decentralization by increasing validator diversity, a key concern in large-scale staking operations. Figment, which has over $18 billion in assets under stake, claims to be the largest non-custodial staking provider for Ethereum and Solana.
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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