Figment launches stablecoin yield product for institutions…targets 15% annual return

Figment has launched a stablecoin yield product for institutional investors together with OpenTrade and Crypto.com. The product is designed to pursue returns without directly investing in digital assets (cryptocurrencies).

According to crypto media CoinDesk on the 17th (local time), the product combines Solana (SOL) staking and perpetual futures trading strategies to target annual returns of about 15%. The three firms are reportedly collaborating to expand institutional products that provide stable returns while minimizing volatility risk.

Figment said this product can broaden opportunities for traditional financial institutions and corporate clients to access digital asset-based yield strategies. It added that a key differentiator is that returns can be secured solely through stablecoin operations without the burden of directly purchasing digital assets.

OpenTrade provides institutional lending and yield product infrastructure, while Crypto.com handles trading and liquidity provision. The market expects development of stablecoin-based products to accelerate further as institutional demand expands.