Ripple Custody Introduces Staking Services for Ethereum and Solana

Ripple Custody has announced the launch of staking services for Ethereum and Solana, aimed at institutional clients seeking to earn staking yields without the need to manage validator infrastructure. According to NS3.AI, this initiative is facilitated through a partnership with Figment, a company specializing in blockchain infrastructure. While Ethereum and Solana operate on proof-of-stake mechanisms, XRP does not currently offer protocol-level staking rewards due to its economic design. However, Ripple's ecosystem is actively exploring potential staking solutions for XRP in the future. Despite the absence of staking rewards for XRP, investment products related to the asset are witnessing significant inflows. Ripple is strategically positioning XRP as an infrastructure asset within a broader institutional decentralized finance (DeFi) roadmap. This move underscores Ripple's commitment to expanding its offerings and enhancing the utility of XRP in the evolving financial landscape.