Figment, OpenTrade and Crypto.com have rolled out a new institutional yield product that aims to deliver double-digit stablecoin returns by combining Solana staking with futures hedging — offering yield without direct price exposure.

Staking infrastructure giant Figment, which oversees $18 billion in staked assets, has partnered with OpenTrade and Crypto.com to launch a stablecoin-based strategy targeting compliance-focused institutions seeking predictable returns.

The product is designed to generate around 15% annualized yields — based on historical performance — by staking Solana (SOL) while using perpetual futures to fully hedge SOL’s price volatility. Investors deposit stablecoins and earn interest, but do not take on directional exposure to the underlying token. All staked assets are held by Crypto.com in legally segregated custody accounts.

Traditionally, staking returns come bundled with the price risk of the token being staked. This structure decouples the two: an institution holding USDC, for example, can earn returns comparable to native SOL staking — typically 6.5%–7.5% — while a futures overlay neutralizes market swings, generating the additional yield.

This differs sharply from standard DeFi lending products, which often involve murky counterparties, on-chain execution risks and less formal oversight. Figment and OpenTrade emphasize that this yield strategy is built specifically for institutions requiring transparency, regulated partners and traditional legal protections.

Crypto.com’s custody framework includes security-interest protections and keeps client assets off the company’s balance sheet, meeting requirements common among regulated funds and enterprises.

The product is available via Figment’s platform and APIs, allowing institutional clients to deposit and withdraw stablecoins at will, with yield accruing immediately upon deposit.

While such a structure may be less appealing to retail DeFi users seeking higher-risk opportunities, it signals a broader shift toward institutional-grade, risk-managed yield products in the digital asset market.