Figment, OpenTrade, and Crypto.com Launch Institutional Stablecoin Staking Yield Product
Figment and OpenTrade have launched an institutional stablecoin yield product called OpenTrade Stablecoin Staking Yield Powered by Figment, with Crypto.com serving as custodian and exchange partner.
The product targets an approximate 15% APR on stablecoins, which is variable and not guaranteed, based on historical performance. The yield is derived from Solana staking rewards earned by a dedicated Figment validator, combined with OpenTrade's perpetual futures hedging to neutralize exposure to SOL.
This approach claims to deliver returns more than double Solana's standard staking rate of 6.5–7.5%, while maintaining liquidity for deposits and withdrawals. Institutional clients can deposit and withdraw stablecoins via Figment's app or APIs, with interest accruing immediately and no lockup period.
Underlying SOL assets are held in fully segregated, legally secured accounts and isolated from the exchange's operational funds. The product is marketed as an institutional alternative to traditional DeFi lending, aiming to reduce counterparty risk and smart-contract vulnerabilities while aligning with a segregated-institution framework.
Jeff Handler of OpenTrade highlighted that combining staking with derivatives hedging offers a higher-yield option unavailable through existing real-world asset or DeFi strategies. Karl Turner of Crypto.com emphasized that the infrastructure supports the evolving demand for institutional digital assets and endorsed the product launch.
