- Ripple Custody partners with Figment, allowing banks to offer Ethereum and Solana staking without running validator infrastructure or extra tooling.
- Figment provides non-custodial staking, validator operations, and reporting, while Ripple Custody handles custody workflows.
Ripple Custody has chosen Figment to launch institutional crypto staking, including on large proof-of-stake networks like Ethereum and Solana. The partnership links the Figment staking infrastructure and the Ripple Custody platform, enabling regulated institutions to provide staking as part of existing custody operations.
The partnership is positioned for banks, custodians, and other regulated firms that want staking features without operating validator systems internally. Ripple Custody will provide the custody and connectivity layer, while Figment will supply non-custodial validator operations and related tooling. The stated goal is to reduce operational work while maintaining governance controls and compliance processes expected in enterprise custody programs.
Big news
@Ripple Custody has selected Figment to strengthen its institutional staking strategy.
Together, we’re enabling regulated institutions to access secure, enterprise-grade staking across networks like Ethereum and Solana.
Read more
https://t.co/gIhjVc7UD1
— Figment (@Figment_io) February 9, 2026
In its announcement, Figment said it serves more than 1,000 institutional clients and operates validators across several networks. Ripple and Figment also pointed to reporting and operational procedures aimed at giving institutions clearer visibility into staking activity and rewards. The move comes as Ripple continues to broaden its institutional product set beyond XRP, after private-market estimates recently placed the company’s valuation near $50 billion.
Ripple Custody: Institutional Staking Demand on the Rise
Ben Spiegelman, VP and Head of Partnerships & Corporate Development at Figment, said the integration is meant to deliver “secure, institutional staking” through Ripple Custody while keeping a non-custodial staking model.
Ripple Custody Product Lead, Nicolas Tissier de Mallerais, said institutional demand has shifted toward integrating staking rewards into broader digital asset strategies within established security and compliance standards.
Reaction on X was positive on the addition of Ethereum and Solana staking inside a custody product used by large firms. One X user, The Ripple Mo, described the partnership as a “huge move,” adding that “Ripple Custody and Figment” support “next-level institutional staking” and pointed to enterprise-grade access for multiple networks.
Ripple has also been building other institutional rails. In a separate update reported earlier, Ripple Prime added support for Hyperliquid, giving clients access to on-chain derivatives liquidity through a single account. Alongside product expansion, Ripple, as CNF recently noted, said that its XRP Community Day sessions on February 11 and 12 will cover regulated XRP products, including ETFs and ETPs, as well as wrapped XRP and related utility topics.
However, despite the Ripple developments, the token has failed to recover after failing to breach the $1.50 resistance. At press time, the XRP price was trading at $1.41, a 0.7% decline.
