Coinbase Prime and Figment have expanded their institutional staking partnership to include a wider array of Proof-of-Stake (PoS) blockchains, representing a notable move toward broader crypto acceptance, according to a
Blockworks report
. The collaboration, which began with
Ethereum
in early 2024, now covers leading networks such as
Solana
,
Cardano
, Sui,
Avalanche
, and
Polkadot
. With this update, institutional users can now stake assets directly via
Coinbase
Prime’s custody solution without needing to move their funds, streamlining the process for staking, trading, and financing, as highlighted by
BitcoinWorld
. So far, this integration has enabled more than $2 billion in staked assets, reflecting a growing appetite for secure and diversified on-chain yield, according to
Coinpaper
.
This partnership utilizes Figment’s enterprise-grade staking infrastructure, which secures over $18 billion in assets across various blockchains, as stated by
Coinrise
. Institutions now have greater flexibility to choose top-tier staking providers while still benefiting from Coinbase Prime’s strong security measures, as reported by
The Block
. Lewis Han, who leads Staking Sales at Coinbase, pointed out that the expansion “offers institutions increased options to protect assets with advanced controls and secure storage,” while Figment CEO Lorien Gabel emphasized the partnership’s contribution to decentralization and validator variety.
This growth comes amid rising institutional interest in PoS assets, fueled by the potential for passive earnings and ESG-friendly investment approaches. The trend has been further boosted by the launch of the Bitwise Solana Staking ETF (BSOL), the first U.S. exchange-traded product to provide full direct exposure to Solana (SOL) with integrated staking rewards, as reported by
Coinotag
. BSOL achieved $10 million in trading volume within its first half hour, surpassing rival ETFs such as Canary’s HBAR and
Litecoin
products, according to
CryptoBriefing
. The ETF aims for an average yield above 7% through Bitwise Onchain Solutions and Helius-powered staking, and is currently offering a 0% fee for new investors, as detailed by
Coinotag BSOL details
.
Solana’s recent market gains have also attracted institutional attention, with its price climbing back to $198.35 and its market cap topping $109 billion, as previously noted. Experts highlight that Solana’s technical improvements and high throughput make it a significant force in DeFi and tokenization. Additionally, Grayscale’s upcoming Solana Trust ETF and the REX-Osprey Staking Solana ETF (SSK), which oversees more than $400 million, point to ongoing institutional momentum for Solana.
The wider crypto sector is also experiencing regulatory advancements, with the SEC’s streamlined 75-day review process allowing for quicker ETF approvals, according to
CryptoTimes
. Bitwise’s BSOL, which launched with $222.8 million in assets, illustrates the increasing intersection of traditional finance and blockchain, as noted by
EthNews
. As Coinbase Prime and Figment continue to grow their staking offerings, the integration of PoS networks into institutional portfolios signals a maturing industry where digital assets are becoming recognized as credible, yield-generating elements of diversified investment strategies.
