Ripple Custody will use Figment to offer clients staking income

• Ripple Custody is giving its customers, and by extension customers of its customers, access to “staking” services provided by Figment

• Ripple says integrating access to Figment “staking” infrastructure relieves its customers of operational, compliance and reporting demands

• Figment offers regulated institutional holders of tokens the opportunity to earn an income from validating transactions on Proof-of-Stake blockchains

Digital asset custodian Ripple Custody has appointed Figment - a provider of the access, reporting and compliance structures institutional holders of cryptocurrency tokens need to earn an income from “staking” the tokens in Proof-of-Stake blockchain protocols such as Avalanche, Ethereum, Polygon and Solana - to enable its clients to “stake” their assets.

Customers with digital assets in custody can earn a yield by accessing the Figment services via Ripple Custody, relieving them of any need to build a “staking” capability of their own, or worry about the operational workflows or inadvertent compliance breaches. They can then share the rewards with their underlying investors.

“The institutional appetite for staking has evolved,” explains Nicolas Tissier de Mallerais, who leads the custody product at Ripple. “It is no longer just about yield, but about integrating rewards into a holistic digital asset strategy. By partnering with Figment, we are reinforcing Ripple Custody’s position as a mission-critical foundation, allowing our clients to maximise asset utility within the same rigorous security and compliance parameters they have come to expect from us.”

Figment, which says it is serving more than 1,000 institutional clients already, aims its services at regulated investors. The company has worked with Coinbase Prime since 2024.

“Ripple Custody’s partnership with Figment brings secure, institutional staking to the largest banks and enterprises,” says Ben Spiegelman, Vice President and Head of Partnerships and Corporate Development at Figment. “By combining Ripple’s enterprise-grade custody technology with Figment’s secure, non-custodial staking platform, we are giving regulated institutions a way to offer staking rewards to their customers on several blockchain networks.”