---
title: "Coinbase and Figment Expand Institutional Staking Beyond Ethereum"
date: 2025-10-28
author: "Barry Elad"
featured_image: "https://sqmagazine.co.uk/wp-content/uploads/2025/10/coinbase-prime-and-figment-to-provide-institutional-staking-options.jpg"
categories:
  - name: "Cryptocurrency"
    url: "/crypto.md"
tags:
  - name: "News"
    url: "/tag/news.md"
---

# Coinbase and Figment Expand Institutional Staking Beyond Ethereum

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](https://sqmagazine.co.uk/ethereum-statistics/)**. 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](https://twitter.com/CoinbaseInsto?ref_src=twsrc%5Etfw).   
>   
> From $2B+ in staked assets to the first U.S. ETH ETP with staking (with [@Grayscale](https://twitter.com/Grayscale?ref_src=twsrc%5Etfw)), we’re now expanding to 10+ Proof-of-Stake networks, including Solana.  
>   
> Learn more: <https://t.co/76ymAHP6Y4> [pic.twitter.com/c5E7P18Xgv](https://t.co/c5E7P18Xgv)
> 
> — Figment (@Figment\_io) [October 28, 2025](https://twitter.com/Figment_io/status/1983156798430556517?ref_src=twsrc%5Etfw)

 ## 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](https://sqmagazine.co.uk/blackrock-bitcoin-etf-100b-milestone/)** 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’s 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.