Institutional clients at Coinbase Prime can now stake a wider range of proof of stake assets via their custody account thanks to an expanded integration with Figment.
Quick Summary – TLDR:
- Coinbase Prime and Figment have extended their partnership from Ethereum to include many additional PoS networks
- The integration has already facilitated over $2 billion in staked assets and gives institutions access to Figment’s infrastructure while staying within Coinbase’s custody
- The expansion arrives as U.S. staking enabled ETFs launch, showing growing institutional demand for digital asset yield
What Happened?
In early 2024, Coinbase Prime and Figment began their institutional staking collaboration focusing on Ethereum. Now, the firms have announced a broader rollout that covers networks such as Solana (SOL), Sui (SUI), Aptos (APT), Avalanche (AVAX), Cardano (ADA), Polkadot (DOT) and more. The integration means institutional clients can stake assets directly from Coinbase Prime’s custody platform without moving them elsewhere.
Figment is deepening our relationship with @CoinbaseInsto.
— Figment (@Figment_io) October 28, 2025
From $2B+ in staked assets to the first U.S. ETH ETP with staking (with @Grayscale), we’re now expanding to 10+ Proof-of-Stake networks, including Solana.
Learn more: https://t.co/76ymAHP6Y4 pic.twitter.com/c5E7P18Xgv
Expanded Staking Support
The expanded integration gives Coinbase Prime users access to Figment’s staking infrastructure across many proof of stake protocols.
- Initially Ethereum, now widened to include Solana, Sui, Aptos, Avalanche and others
- Institutions can stake tokens while still using Coinbase’s custody, trading and financing functions in one interface
- Figment currently manages over $18 billion in assets under stake and supports more than 40 protocols
Coinbase said the move 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,” according to Lewis Han, Head of Staking Sales at Coinbase.
From Figment’s side, Lorien Gabel, Co founder and CEO, noted that “from the start, Figment has focused on security and risk adjusted performance, building infrastructure for the world’s most trusted financial institutions” and added the relationship with Coinbase Prime has been “integral here, and we look forward to bringing more companies on chain together.”
Why It Matters?
This partnership matters for several reasons:
- Institutional access to staking: The deal lowers operational friction for large asset managers who want to earn yield from PoS staking without adding complexity.
- Custody plus staking: Institutions can now stake directly from custody rather than shifting assets between platforms, which reduces risk and simplifies workflow.
- Broader protocol support: By going beyond Ethereum, the offering aligns with the diversification goals of institutions wanting exposure to multiple ecosystems.
- Market timing: The expansion coincides with the launch of staking enabled ETFs in the U.S. and regulatory clarifications by the U.S. Securities and Exchange Commission (SEC) around staking activities.
What Comes Next?
Going forward:
- Expect institutional clients of Coinbase Prime to gradually add more supported networks via Figment. The announcement mentions “and more to come” among supported protocols.
- The trend of crypto ETFs with staking features is likely to accelerate as institutions seek regulated vehicles with embedded yield.
- The staking ecosystem may see increased competition among custodians and infrastructure providers as the market matures.
- From a governance and decentralization perspective, supporting a broader set of networks may help improve validator diversity across ecosystems.
SQ Magazine Takeaway
I see this as a meaningful step for institutional crypto adoption. Having a major exchange like Coinbase integrate seamlessly with a specialist staking infrastructure provider like Figment shows that staking is leaving the fringes and becoming a core offering for professional investors. For institutions the appeal is strong: get exposure to yield generating digital assets while keeping everything under one roof. The fact that the offering spans protocols beyond Ethereum is also important because it acknowledges that the digital asset ecosystem is evolving and institutions want access across different networks.
