Ripple Custody Adds Ethereum (ETH) and Solana (SOL) Staking via Figment Partnership
Ripple has expanded Ripple Custody to offer institutional staking for Ethereum (ETH) and Solana (SOL) through a partnership with Figment. The service enables banks, custodians and regulated institutions to offer staking rewards inside existing custody workflows without running validator infrastructure. Ripple also announced hardware security (HSM) support via a Securosys partnership and stressed that security, compliance and governance standards remain in place across supported networks. Aaron Slettehaugh, SVP of Product at Ripple, said the integration reduces technical friction and speeds deployment so clients can scale services confidently. The move follows Ripple Prime’s earlier integrations (including Hyperliquid) and signals a broader strategy to expand beyond XRP and support multi-chain institutional services. Ripple will also host an XRP Community Day event featuring senior executives to discuss XRP utility, ETFs/ETPs, wrapped XRP and interoperability topics.
Bullish
The announcement is likely bullish for institutional demand across multiple tokens and for Ripple’s broader product adoption. Adding ETH and SOL staking inside an institutional custody workflow lowers operational friction and compliance overhead for banks and custodians — factors that tend to increase institutional participation. Historically, custody firms enabling staking (or exchanges listing staking services) have supported inflows and greater on-chain activity for the relevant assets, which can be price-supportive in the short to medium term. The partnership with Figment (a known staking provider) and HSM security via Securosys reduces counterparty and technical risk, making the offering more credible to regulated entities. Short-term effects may include increased interest/positioning in ETH and SOL and positive sentiment for Ripple as a custodial platform provider. Long-term, the move supports multi-chain institutional adoption and revenue diversification for Ripple; that can increase sustained demand for services linked to ETH and SOL and strengthen Ripple’s competitive position vs. other custody providers. Risks that temper the bullish view include macro crypto market conditions, regulatory developments affecting staking (or proof-of-stake networks), and competitive responses from other custodians which could limit market share gains.