Figment Inc., an independent leader in institutional staking infrastructure managing over $18 billion in assets, has announced a major expansion of its partnership with Coinbase Prime, the full-service institutional trading and custody platform from Coinbase Global Inc.
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This collaboration, which began in early 2024 with Ethereum (ETH) staking, has already supported more than $2 billion in staked assets. The two companies recently played a key role in powering Grayscale’s launch of the first U.S. ETH ETP with staking, marking a milestone for institutional crypto investing.
The expanded partnership will now extend beyond Ethereum to include a growing list of Proof-of-Stake (PoS) networks, such as Solana, Sui, Aleo, Aptos, Avalanche, Axelar, Cardano, Celestia, Cosmos, EigenLayer, NEAR, Polkadot, and more to follow.
With this integration, institutional clients on Coinbase Prime can now access Figment’s high-performance staking infrastructure directly, without moving assets outside Coinbase’s secure custody environment. This seamless connection allows institutions to manage staking, trading, and financing from a single platform—streamlining operations, enhancing decentralization, and ensuring top-tier security standards.
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“Expanding our staking integration gives institutions more flexibility to select trusted providers like Figment while maintaining Coinbase Prime’s secure custody and institutional-grade controls,” said Lewis Han, Head of Staking Sales at Coinbase. “This deepened relationship reinforces our commitment to decentralization and validator diversity across networks.”
Lorien Gabel, Co-founder and CEO of Figment, emphasized the shared vision behind the collaboration: “From day one, Figment has focused on security and risk-adjusted performance, building infrastructure for the world’s most trusted financial institutions. Our partnership with Coinbase Prime has been instrumental, and we’re excited to bring even more companies onchain together.”
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As the staking ecosystem evolves, this expansion marks a significant step toward strengthening institutional participation in decentralized networks, combining Coinbase’s robust custody and Figment’s trusted staking expertise to support the next phase of blockchain growth.
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