Coinbase, Figment team up to expand institutional staking

Institutional staking infrastructure platform Figment, which boasts over $18 billion in assets under stake, has partnered with Coinbase to expand its solution. Summary Coinbase Prime and Figment are teaming up to bolster institutional staking. The companies are eyeing support beyond Ethereum as the industry gears up for a flurry of exchange-traded funds with staking. Figment collaborated with Coinbase Prime to launch Ethereum staking in 2024. Figment’s expansion is via a strategic integration with Coinbase Prime, a full-service prime brokerage service. The platform announced the move to tap into Coinbase Prime’s infrastructure for institutional trading, financing, and custody, on Tuesday, October 28, 2025. However, this is not the first time Figment and Coinbase Prime are teaming up. The companies joined forces in early 2024 with the launch of Ethereum (ETH) staking, and have seen growth as staked assets climbed to surpass $2 billion. The two industry players also recently backed Grayscale’s plans for the first Ethereum exchange-traded product with staking in the United States.  “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 forward to bringing more companies onchain together,” said Lorien Gabel, co-founder and chief executive officer of Figment. Figment eyes staking, beyond Ethereum According to details, the latest collaboration expands on these initiatives. The platforms have plans to expand their relationship beyond Ethereum-related activities and products. In any case, eyes are now on the broader Proof-of-Stake blockchain ecosystem, where top networks include Solana, Sui, Aptos, Avalanche, Cardano, and NEAR. “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,” Lewis Han, head of staking sales at Coinbase, said in a statement.  The partnership means clients can continue to tap into Coinbase’s comprehensive staking solution as the crypto behemoth doubles down on decentralization across the ecosystem. Coinbase Prime allows institutions to stake PoS tokens without having to move their assets off the platform’s custody solution. Apart from the ability to manage staking positions, Coinbase Prime customers also have access to trading and financing tools.  The two firms’ latest integration comes as the crypto market welcomes new spot ETFs, including those with staking. Among these is the Bitwise Solana ETF with staking, and anticipation is high for more products.