Ripple is expanding its institutional custody business to include staking for Ethereum and Solana. This move indicates the current lack of native staking rewards for XRP. Despite this, XRP-linked investment products are seeing strong inflows, indicating continued institutional interest.
What to Know:
- Ripple is expanding its institutional custody business to include staking for Ethereum and Solana.
- This move highlights the current lack of native staking rewards for XRP.
- Despite this, XRP-linked investment products are seeing strong inflows, indicating continued institutional interest.
Ripple is broadening its institutional custody services by enabling staking for Ethereum and Solana, addressing a key demand from large investors. This expansion, facilitated through a partnership with Figment, allows Ripple Custody clients to offer staking on major proof-of-stake networks, simplifying operations while maintaining institutional-grade controls. The new service underscores a notable difference between XRP and other assets: the ability to generate protocol rewards through staking.
Ripple’s collaboration with Figment emphasizes the importance of operational assurance and auditable frameworks for institutions. Figment’s established track record and non-custodial architecture were key factors in Ripple’s decision, aligning with the preference of many institutional buyers for distinct custody and validator operations. This separation ensures clear lines of control, crucial for regulated firms navigating compliance and audit requirements.
The addition of Ethereum and Solana staking highlights the absence of native staking rewards for XRP, a factor that can make a custody menu feel incomplete for some investors. While the Ripple ecosystem is exploring potential XRPL staking mechanisms, these discussions are focused on economic constraints and the need for a sustainable rewards source. Currently, there are no active deployment plans for staking on XRPL.
Despite the lack of native staking, XRP-linked investment products are attracting significant inflows, surpassing those of Ethereum and Solana products. This indicates strong investor interest in XRP, even as institutions actively reallocate their portfolios. Ripple aims to address both XRP demand and product completeness by positioning XRP as the connective asset within its preferred rails, while offering staking on other networks within the custody perimeter.
Ripple’s strategic roadmap positions the XRPL as a high-performance chain for tokenized finance, emphasizing compliance tooling and programmability for regulated use cases. XRP is envisioned as infrastructure, facilitating reserve requirements, transaction fees, and bridging in foreign exchange and lending flows. This approach supports a multi-asset custody model, enabling institutions to leverage XRPL rails while earning yield on Ethereum and Solana.
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Source: Original article
Quick Summary
Ripple is expanding its institutional custody business to include staking for Ethereum and Solana. This move highlights the current lack of native staking rewards for XRP. Despite this, XRP-linked investment products are seeing strong inflows, indicating continued institutional interest.
Source
Information sourced from official Ripple publications, institutional research, regulatory documentation and reputable crypto news outlets.
Author
Ripple Van Winkle is a cryptocurrency analyst and founder of XRP Right Now. He has been active in the crypto space for over 8 years and has generated more than 25 million views across YouTube covering XRP daily.
Editorial Note
Opinions are the author's alone and for informational purposes only. This publication does not provide investment advice.
