Coinbase & Figment Expand Staking to SOL, AVAX, APT & SUI
Coinbase Prime has partnered with Figment to expand institutional staking beyond Ethereum. This integration boosts institutional staking by adding support for six leading PoS assets—SOL, AVAX, APT, SUI, ADA and NEAR—enabling clients to stake directly via Coinbase Custody without moving coins off-platform.
Since 2023, this institutional staking solution has facilitated over $2 billion in locked assets and complements Figment’s management of $18 billion across 40+ networks. The launch follows US SEC guidance clarifying that liquid staking isn’t securities trading and the debut of ETH and SOL staking ETFs. By combining Figment’s security-first staking infrastructure with Coinbase Prime’s custody, trading and financing controls, institutions gain streamlined access to yield, reinforcing network decentralization and liquidity.
Bullish
The expanded institutional staking offering is bullish for the mentioned PoS tokens. In the short term, onboarding through Coinbase Prime and Figment will likely drive fresh capital inflows as institutions seek yield, putting upward pressure on token prices. Over the long term, enhanced custody infrastructure and regulatory clarity around liquid staking ETFs can deepen liquidity, lock up supply via staking, and reinforce network security—factors that support sustained price appreciation. Historical trends show that broadened institutional access and ETF structures tend to increase both demand and market confidence.