Figment Inc., an independent provider of institutional staking infrastructure, has expanded its integration with Coinbase Prime, the institutional trading, financing, and custody platform from Coinbase Global Inc. This expansion extends staking support beyond Ethereum to a range of Proof-of-Stake networks, enabling institutional clients to access Figment’s infrastructure directly through Coinbase Prime.
Building on an integration initiated in early 2024 for Ethereum (ETH) staking, the collaboration between Figment and Coinbase Prime has already facilitated over $2 billion in staked assets. Notably, the partnership supported Grayscale in the introduction of the first U.
S. ETH Exchange Traded Product (ETP) with staking capabilities. The broadened integration now encompasses networks such as Solana, Sui, Aleo, Aptos, Avalanche, Axelar, Cardano, Celestia, Cosmos, EigenLayer, NEAR, and Polkadot, with additional networks anticipated.
Through this expanded offering, institutions utilizing Coinbase Prime can stake tokens across these diverse Proof-of-Stake networks without needing to transfer assets out of Coinbase’s custody solution. This integration aims to streamline operations, enhance network decentralization, and adhere to stringent security standards for institutional asset managers and digital asset enterprises, by centralizing staking management alongside trading and financing within a single platform.
Lewis Han, Head of Staking Sales at Coinbase, stated, “Expanding our staking integration gives institutions more flexibility to select high-quality staking providers like Figment while safeguarding assets with Coinbase Prime’s institutional-grade controls and secure custody. Clients will continue to benefit from our comprehensive staking solution, including turnkey infrastructure and robust staking reporting. Through our continued relationship with Figment, Coinbase is doubling down on our commitment to network decentralization and enabling validator diversity on our platform.”
Lorien Gabel, Co-founder and CEO of Figment, commented, “From the start, Figment has focused on security and risk-adjusted performance, building infrastructure for the world’s most trusted financial institutions. Our relationship with Coinbase Prime has been integral here, and we look to bringing more companies onchain together.” Figment manages over $18 billion in assets under stake and supports more than 40 protocols, serving over 1,000 institutional clients including asset managers, exchanges, wallets, foundations, custodians, and large token holders. The company is recognized as the largest non-custodial staking provider for staked Ethereum (ETH) and Solana (SOL), offering services such as point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection.
