Figment has teamed up with OpenTrade and Crypto.com to launch a new institutional yield product that delivers stablecoin returns without exposing investors to underlying token volatility.
The offering targets compliance-focused institutions and leverages Figment’s $18 billion staking infrastructure. It generates an annualized yield of roughly 15% — based on historical performance — by staking Solana (SOL) and using perpetual futures to fully hedge out SOL’s price movements.
Investors simply deposit stablecoins, earning yield while avoiding directional exposure to SOL. Crypto.com provides custody for the staked assets, holding them in legally segregated accounts to meet institutional safeguards and provide security-interest rights.
Traditionally, staking exposes participants to the token’s price risk, but this structure decouples yield from market volatility. An institution can, for example, hold USDC and earn returns comparable to SOL staking yields — typically 6.5%–7.5% — with additional performance sourced from actively managed futures positions that neutralize price fluctuation.
Unlike DeFi lending, which often introduces counterparty and protocol-risk concerns, Figment and OpenTrade emphasize that this model relies solely on known, regulated entities and operates within a legal framework more familiar to traditional finance participants.
The product is available via Figment’s platform and API suite, allowing institutions to deposit or withdraw stablecoins at any time, with yield starting from the moment funds are deposited.
While it may hold limited appeal for retail users accustomed to on-chain experimentation, the structure represents an increasing institutional shift toward risk-controlled, transparent yield opportunities in the digital-asset space.
