Staking Provider Figment Scales Up on Coinbase Prime as Dual Yield ETFs Hit the Market

Figment Expands Coinbase Prime Integration as Staking Demand Accelerates

October 28, 2025

Figment has deepened its integration with Coinbase Prime, expanding institutional access to staking across multiple Proof-of-Stake (PoS) networks, including Solana, Avalanche, Cosmos, Polkadot, and NEAR.

The move allows Coinbase Prime clients to stake assets directly through Figment while maintaining full custody with Coinbase — a structure designed to meet the compliance and risk standards of large investors.

The announcement coincides with the launch of several spot crypto ETFs featuring staking components on the New York Stock Exchange this week, reflecting growing institutional appetite for yield-bearing digital assets.

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

“With institutional portfolios increasingly seeking on-chain yield, seamless staking access has become essential,” said Figment CEO Lorien Gabel. “This partnership allows institutions to engage securely while helping strengthen network decentralization.”

Figment, which oversees over $18 billion in staked assets globally, said the expansion not only boosts staking accessibility but also contributes to validator diversity across major PoS ecosystems.