Figment Expands Coinbase Prime Staking Integration as ETF Demand for Yield Surges

October 28, 2025

Institutions can now stake Solana, Avalanche, and several other Proof-of-Stake (PoS) assets directly within Coinbase Prime custody as staking demand climbs alongside the launch of yield-generating crypto ETFs.

Figment announced Tuesday that it has expanded its staking infrastructure partnership with Coinbase Prime, enabling institutional investors to earn staking rewards across a wider range of networks without removing assets from secure custody.

The timing coincides with the debut of multiple spot crypto exchange-traded funds (ETFs) featuring built-in staking functionality on the New York Stock Exchange this week—an indicator of growing institutional appetite for on-chain yield exposure.

Coinbase Prime, the institutional arm of Coinbase (COIN), first integrated Figment’s infrastructure in early 2024 to support Ethereum (ETH) staking. Since then, the collaboration has facilitated more than $2 billion in staked assets, including support for Grayscale’s ETH exchange-traded product.

The expanded integration now covers additional PoS chains such as Solana, Avalanche, Cosmos, Polkadot, and NEAR. Through Coinbase Prime’s platform, clients can stake their assets directly with Figment while maintaining custody within Coinbase—allowing institutions to manage staking, trading, and financing in a single interface.

“With institutional capital increasingly focused on yield-bearing digital assets, frictionless access to staking has become essential,” said Figment CEO Lorien Gabel. “This collaboration makes it easier for more companies to engage onchain in a secure and scalable way.”

The companies said the move also supports network decentralization by diversifying validator participation. Figment currently secures over $18 billion in staked assets and remains one of the largest non-custodial staking providers for both Ethereum and Solana.