Coinbase Prime and Figment expand institutional staking to Solana, Cardano, Sui and other networks

Coinbase Prime and Figment are broadening their institutional staking partnership beyond Ethereum to support a growing list of proof-of-stake networks, including Solana, Sui, Cardano, and others. This integration allows institutional clients to stake assets directly from Coinbase Prime's custody using Figment's infrastructure, enabling them to manage trading, financing, and staking from one platform. This expansion builds upon their initial integration from early 2024, which has already facilitated over $2 billion in staked assets. The move coincides with the launch of new spot Solana staking ETFs in the U.S. Lewis Han of Coinbase stated the expansion offers clients flexibility in choosing high-quality providers like Figment while maintaining secure custody, reinforcing Coinbase's commitment to decentralization.

(Source：The Block)