Ripple Custody Launches Ethereum and Solana Staking for Institutions

Ripple has officially rolled out staking opportunities for Ethereum and Solana through its custody services aimed at institutions. This enhancement marks a significant shift from merely safeguarding assets to offering comprehensive asset servicing solutions that institutional investors now view as essential.

By teaming up with the staking infrastructure provider Figment, Ripple Custody is now enabling its clients to engage in staking on prominent proof-of-stake networks. This innovation allows institutions to gain yield from XRP without the complexities and potential risks associated with managing their own validator operations.