Institutional Game-Changer: Figment Teams With OpenTrade & Crypto.com to Launch Stablecoin Staking Product
Wall Street meets DeFi—again. Figment just dropped a institutional-grade stablecoin staking product, partnering with OpenTrade and Crypto.com to lure traditional finance into crypto's yield playground.
No more sidelined billions. Institutions can now park stablecoins for passive income without touching volatile assets—because nothing says 'prudent investing' like chasing APY while pretending it's not gambling.
The irony? Banks still call crypto risky as they quietly backdoor into the same mechanics through 'innovative products.'
New Structure for Stablecoin Yield
The yield mechanism is built on solana staking rewards generated by a dedicated Figment validator. Those rewards are paired with an offsetting perpetual futures strategy managed by OpenTrade to neutralize directional exposure to the SOL price.
According to the companies, this structure has historically delivered returns more than double Solana’s standard 6.5–7.5% staking rate, while maintaining liquidity for deposits and withdrawals.
Crypto.com will serve as custodian and exchange partner for transactions. The company said the underlying SOL assets are held in fully segregated accounts, legally secured for investors and isolated from the exchange’s operational funds.
Institutional customers can deposit and withdraw stablecoins through Figment’s application or APIs, with interest beginning to accrue immediately and no lockup periods.
Demand for Institutional Stablecoin Yield Products
The launch comes as demand for stablecoin-based yield offerings continues to rise among exchanges, wallet providers, fintechs, and other digital asset companies seeking revenue opportunities that fall outside traditional crypto lending.
Market participants have increasingly sought alternatives that avoid exposure to unsecured lending, liquidity-pool impermanence loss, or opaque DeFi structures.
“Stablecoin Staking Yield is the result of efforts to create a product that offers higher returns along with stronger protections,” said Jeff Handler, Co-Founder and Chief Commercial Officer at OpenTrade.
He explains the product is designed to combine elements of staking and derivatives hedging to create an institutional yield option not available through existing RWA or DeFi strategies.
Karl Turner, a director at Crypto.com, said the exchange’s infrastructure was designed to support evolving demand from institutional digital asset customers. “We are proud to support Figment in enabling a stablecoin staking offering that clients are increasingly looking for,” he said.
Institutional Positioning
Figment, which provides staking services to asset managers, custodians, exchanges and other large token holders, said the product aligns with its approach of prioritizing security in validator operations. “We’re bringing our infrastructure and security mindset to stablecoins,” said Andy Cronk, Co-founder and Chief Product Officer.
The companies note that estimated 15% APR returns are variable and depend on market conditions. Figment stresses that it does not control or guarantee yield rates, which are determined by OpenTrade’s staking and hedging strategy.
Figment, Apex Group to List Ethereum, Solana ETPs
Last year Figment Europe Ltd, and Apex Group listed two new exchange-traded products (ETPs) on the SIX Swiss Exchange.
Figment, Apex Group to List Ethereum, Solana ETPs on SIX Swiss Exchange Next Week@Figment_io and Apex Group are planning to list two new exchange-traded products (ETPs) on the SIX Swiss Exchange on 12 March.#CryptoNews #newshttps://t.co/bDbSVYyb8j
Both ETPs were issued with Issuance.Swiss AG — the products will give access to staking rewards through traditional brokers or banks allowing conservative institutions to hold the asset class through the ETPs.
