Taurus and Figment Cut Banks Into Ethereum and Solana Staking Bonanza

Traditional finance finally catches up—Taurus and Figment team up to let institutional players stake ETH and SOL. Because nothing says ’trust the system’ like banks chasing crypto yield.

Staking-as-a-service goes mainstream as the duo arms legacy players with infrastructure to participate in proof-of-stake networks. Watch those APYs get institutionalized.

Bonus jab: Banks spent years dismissing crypto—now they want a slice of the passive income pie. How very... predictable.

Staking for banks becomes easier

Figment’s staking services tap directly into Taurus PROTECT, enabling banks to stake their assets without performing complex blockchain operations. At the same time, Taurus claims that the staked assets remain within their secure platform.

“This collaboration between Taurus and Figment brings together two firms that share a deep institutional DNA. It reflects our commitment to providing regulated financial institutions with secure, compliant, and scalable access to staking services,” said Victor Busson, Chief Marketing Officer at Taurus.

For institutions that invest in altcoins like Solana and Ethereum, staking income is essential for making their investment worthwhile. This is especially true for Solana holders, whose high staking rewards make it attractive for staking.

For instance, some 64.98% of Solana tokens are currently staked, and its staking market cap has recently overtaken that of Ethereum. What is more, some of the upcoming Solana ETFs are expected to include staking rewards as well.