Coinbase Prime opens institutional staking for TON, expanding its proof-of-stake lineup
The institutional brokerage platform adds Toncoin staking to its growing roster of supported proof-of-stake assets.
Coinbase Prime has added staking support for Toncoin, giving institutional investors a new way to earn yield on the token tied to The Open Network. The service, which references $TON under the ticker $GRAM, marks another expansion of Coinbase’s institutional staking infrastructure.
For a blockchain that started life as a Telegram side project before being handed off to the open-source community, landing on Coinbase’s institutional platform is a significant credibility boost.
What Coinbase Prime actually does
Coinbase Prime is the company’s institutional brokerage arm, designed for hedge funds, asset managers, and other large-scale investors who need more than a retail trading app. The platform already supports staking for several major proof-of-stake assets, including Ethereum, Solana, and Avalanche. Rewards on these assets are paid directly to staking wallets, minus Coinbase’s fees. The platform has maintained zero slashing incidents across its staking operations.
Total staked assets on the platform surpassed $2 billion by late 2025, driven partly by a partnership with staking infrastructure provider Figment.
TON’s staking ecosystem was already busy
The Open Network operates its own robust staking environment, complete with liquid staking derivatives like tsTON that let holders stake their tokens while retaining liquidity for DeFi activities.
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TON Strategy, one of the larger staking entities in the ecosystem, has reportedly staked over 220 million TON tokens. That operation alone generated roughly $3.3 million in staking rewards in a single month earlier this year.
Prior to the staking announcement, Coinbase Prime already facilitated TON network transactions and provided custody services for the token. Some users had reported delays with TON transfers on the platform, but the custody infrastructure was operational.
Why institutions care about staking
Staking generates yield directly from network participation. You lock up tokens, help validate transactions, and earn rewards. For institutional investors, staking turns a dormant asset on a balance sheet into a yield-generating position.
Slashing, the penalty validators face for misbehavior or downtime, is one of the key risks in staking. Coinbase’s zero-slashing track record removes one of the bigger objections from the institutional playbook.