tl;dr
In a major move for crypto adoption, Coinbase Prime and Figment expanded their institutional staking partnership to include Solana, Cardano, Sui, Avalanche, and Polkadot, building on $2B in assets staked since 2024. The collaboration streamlines staking for institutions while bolstering decentralize...
**Coinbase Prime and Figment Expand Institutional Staking Partnership to Drive Mainstream Crypto Adoption**
In a significant move toward mainstream adoption of cryptocurrency, Coinbase Prime and Figment have deepened their partnership to offer institutional staking across an expanded list of Proof-of-Stake (PoS) networks. This collaboration, initially focused on Ethereum in 2024, now includes major blockchains such as Solana, Cardano, Sui, Avalanche, and Polkadot, reflecting growing institutional demand for diversified staking solutions.
The expansion follows the successful staking of over $2 billion in assets through their integrated infrastructure, underscoring the increasing appetite among institutions for secure, on-chain yield generation. By broadening their reach, Coinbase Prime and Figment are addressing the need for scalable, enterprise-grade solutions that combine the security of centralized custody with the flexibility of decentralized finance (DeFi).
**Seamless Staking Access for Institutional Clients**
According to a recent press release, the enhanced integration allows Coinbase Prime users to stake multiple assets directly within the platform without transferring funds out of Coinbase’s custody system. This streamlined approach enables institutional clients to manage trading, staking, and financing operations through a single interface, improving operational efficiency.
The partnership also emphasizes decentralization and validator diversity, bolstering security and transparency across the supported networks. Figment’s infrastructure, which already supports over $18 billion in assets, continues to evolve with the inclusion of new PoS ecosystems. This expansion not only strengthens the resilience of these blockchains but also provides asset managers with the flexibility to choose reliable staking providers while maintaining strict custody safeguards.
**Solana Remains a Key Player in Institutional Growth**
Despite a 1.4% decline in the last 24 hours, Solana (SOL) continues to attract institutional attention. The token currently trades at around $198.35, with a market capitalization exceeding $109 billion. Analysts like CryptoJelle note that SOL has held its $165 support zone, reinforcing a long-term bullish trend. The price structure shows a "rounded base," signaling sustained demand and potential for a breakout. If current trends persist, resistance levels at $250 and $380 could be tested, with a year-end target of $600.
**ETF Momentum Reflects Growing Investor Interest**
The expansion of staking capabilities aligns with broader momentum in the crypto space, particularly around exchange-traded funds (ETFs). As institutional investors seek to diversify their portfolios, the availability of secure staking solutions on major PoS networks is likely to accelerate adoption. This partnership between Coinbase Prime and Figment exemplifies how the industry is maturing, blending enterprise-grade security with the innovation of decentralized finance.
**Looking Ahead**
The collaboration between Coinbase Prime and Figment marks a pivotal moment for institutional staking, bridging the gap between traditional finance and the blockchain ecosystem. By offering access to a wider array of PoS networks, the partnership not only enhances yield opportunities for asset managers but also reinforces the role of crypto in the global financial landscape. As more institutions embrace staking as a core strategy, the road to mainstream adoption appears increasingly paved with innovation and security.