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Key Takeaways
- Grayscale has partnered with Figment to introduce staking features for its Ethereum and Solana investment products.
- The partnership enables Grayscale’s clients to earn staking rewards through technical infrastructure provided by Figment.
Grayscale, a digital asset manager, has partnered with Figment, an institutional staking services provider, to enable staking features for its Ethereum and Solana investment products. The collaboration supports Grayscale’s launch of staking-enabled exchange-traded products and trusts in the US market.
Figment will provide the technical infrastructure to allow investors in Grayscale’s products to earn staking rewards from both blockchain networks. Ethereum transitioned to a proof-of-stake consensus mechanism in 2022, while Solana has operated on a staking-based system since its launch.
The partnership reflects growing institutional adoption of staking services in regulated US crypto investment products. Grayscale’s integration of staking capabilities marks an expansion beyond traditional spot crypto holdings, allowing investors to generate additional returns through network validation rewards.
Staking allows token holders to earn rewards by participating in network consensus and validation processes. For institutional products, this feature provides an additional revenue stream while maintaining exposure to the underlying digital assets.
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