Coinbase Prime and Figment have strengthened their partnership to offer institutional staking across more Proof-of-Stake (PoS) networks, marking a significant step toward mainstream crypto adoption. After initially focusing on Ethereum in 2024, the collaboration now includes major blockchains like Solana, Cardano, Sui, Avalanche, and Polkadot.
The expansion follows the successful staking of over $2 billion in assets through their integrated infrastructure, underscoring rising institutional demand for diversified staking access and secure onchain yield generation.
Expanding Staking Access Across Major Networks
According to the press release, through the expanded integration, Coinbase Prime users can now stake multiple assets without transferring funds out of Coinbase’s custody platform. This allows institutional clients to manage trading, staking, and financing operations seamlessly through one interface.
The system also enhances decentralization and validator diversity, ensuring greater security and transparency across the supported networks. Figment’s infrastructure, designed for large-scale institutions, supports over $18 billion in assets and continues to grow with the inclusion of new PoS ecosystems.
Besides improving operational efficiency, this development gives asset managers the flexibility to select reliable staking providers while maintaining custody safeguards. The move demonstrates how institutional staking is maturing, blending enterprise-grade security with the flexibility of decentralized finance tools.
Solana Maintains Key Support as Institutional Interest Rises
Solana (SOL) remains in focus amid institutional expansion. Despite a slight 1.4% dip in the last 24 hours, the token trades around $198.35 with a market cap exceeding $109 billion.
Source: X
Analyst CryptoJelle noted that SOL has defended its $165 support zone, reinforcing its long-term bullish pattern. The price structure shows a rounded base, signaling sustained demand and potential breakout momentum. If the current trend holds, resistance levels at $250 and $380 could be tested, while the year-end target remains near $600.
ETF Momentum Highlights Growing Investor Appetite
In related developments, Bitwise’s Solana Staking ETF (BSOL) attracted strong early activity, recording $10 million in trading volume within its first 30 minutes. According to Eric Balchunas, Senior ETF analyst for Bloomberg, the product outperformed Canary’s Hedera and Litecoin ETFs, which logged $4 million and $400,000, respectively. The strong debut underscores rising institutional confidence in Solana’s staking potential, especially as Grayscale prepares to convert its Solana Trust into an ETF.
