Key notes
- Figment will manage staking for Grayscale’s Ethereum ETPs and Solana Trust products.
- Solana’s treasury holdings increased significantly to $2.9 billion despite recent market volatility.
- DevvStream announced a $2.7 million investment in SOL that exceeds Bitcoin’s allocation to mortgage revenue.
Digital asset manager Grayscale has selected Figment as an institutional partner as the US Securities and Exchange Commission approaches deadlines on altcoin ETFs under review.
According to a press release dated October 9Figment will power staking operations for Grayscale US Ethereum
Ethereum
$4355
24-hour fluctuations:
3.7%
Market value:
$525.59 billion
Vol. 24 hours:
$41.92 billion
ETPs and Solana
Sol
$219.5
24-hour fluctuations:
3.7%
Market value:
$119.82 billion
Vol. 24 hours:
$7.98 billion
Trust.
“Beyond returns, staking in exchange-traded products enables holders to participate in securing and processing blockchain transactions. Figment provides organizations like Grayscale with the confidence, transparency, and feasibility to bring staking to their customers,” said Loren Gable, CEO and co-founder of Figment.
This major announcement comes just weeks after the Bloomberg analyst The Solana ETF announced that its approval prospects are almost certain In late September.
Grayscale aims to leverage Figment’s institutional infrastructure to integrate proof-of-stake rewards directly into its exchange-traded products, allowing investors to generate passive income without on-chain activity.
StakeRewards data Figment provides staking services for 25 different PoS assets, with 39.1% of its total cumulative $6.19 billion assets under management deposited in Solana as of October 9, 2025, Figment shows.
Solana Treasure Holdings was valued at $2.9 billion with investors anticipating Solana ETFs
Solana Treasuries continued to gain momentum this week despite widespread post-Bitcoin profit-taking
Bitcoin
$121,436
24-hour fluctuations:
1.4%
Market value:
$2.42 T
Vol. 24 hours:
$68.00 b
Bouncing off its all-time high of $126,000.
CoinGecko data It shows that SOL Treasuries rose 22.7% to $2.9 billion on Thursday, October 9, indicating steady demand from companies as markets anticipate SEC rulings on altcoin ETFs later this month.
Solana Treasury Company as of October 9, 2025 | Source: CoinGekko
While Grayscale’s partnership with Figment strengthens institutional trust, Solana has also attracted the attention of new entrants to the ecosystem.
And on Thursday, America.Fun launched on Solana to drive USD1 adoption on Solana, leveraging Bonk’s recent partnership with World Liberty Financial (WLFI) and decentralized exchange Raydium. According to the advertisementThe project is designed to expand the utility of USD1 and support Solana projects that rely on the stablecoin with liquidity.
This is in line with WLFI’s aggressive cross-chain integration drive for the USD1 stablecoin.
Aptos network too Confirm USD1 approval On Monday, it was integrated by Chainlink’s Cross-Chain Interoperability Protocol (CCIP), and attracted more than $447 million in trading volume during the day.
In Canada, Solana received another big boost on Thursday, as Calgary-based carbon management company, DevvStream announced 12,000 SOL properties $2.7 million investment in its latest portfolio report. Notably, SOL’s holdings in the company’s cryptocurrency treasury exceed its current BTC balances of 22 BTC worth $2.6 million at the time of application.
According to a DevvStream statement, the company aims to prioritize additional income through SOL with a long-term vision towards launching tokenized real assets for renewable energy plants and energy trading contracts.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information but should not be considered financial or investment advice. Since market conditions can change rapidly, we encourage you to verify the information yourself and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is an experienced research analyst with a background in supporting several startups and financial institutions in the Web3 space. He has his undergraduate degree in Economics and is currently studying for a Masters in Blockchain and Distributed Ledger Technologies at the University of Malta.
The post Solana Treasury Holdings Near $3B as Grayscale Partners Figment for Institutional Staking first appeared on Investorempires.com.
