Coinbase Prime Adds Institutional Staking Support for Toncoin

Coinbase Prime has expanded its institutional staking infrastructure by adding support for Toncoin (TON). This move gives institutional investors a new way to earn yield on TON, which is tied to The Open Network. Coinbase Prime already supports staking for several major proof-of-stake assets, including Ethereum, Solana, and Avalanche.

The platform has maintained zero slashing incidents across its staking operations, which is a key risk in staking. Institutional investors care about staking because it generates yield directly from network participation, turning dormant assets into yield-generating positions.

TON's staking ecosystem was already active before the announcement, with TON Strategy reportedly staking over 220 million TON tokens and generating around $3.3 million in staking rewards in a single month earlier this year.