Figment

Figment

Provides staking solutions for cryptocurrency

About Figment

Simplify's Rating
Why Figment is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Differentiation

Industries

Fintech

Crypto & Web3

Company Size

51-200

Company Stage

Series C

Total Funding

$165M

Headquarters

Toronto, Canada

Founded

2018

Overview

Figment.io provides staking solutions in the blockchain and cryptocurrency industry, allowing holders to earn rewards by validating transactions. They serve over 500 institutional clients, offering infrastructure and APIs to maximize staking rewards. Figment operates globally in 23 countries and focuses on the Web3 ecosystem, providing products like staking applications, validators, and slashing coverage. Their goal is to support the growth and success of the Web3 ecosystem while ensuring security and risk mitigation for their clients.

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Simplify's Take

What believers are saying

  • Partnership with Taurus enhances Figment's global institutional staking reach.
  • Expansion into Latin America opens new markets for Figment's services.
  • Joining the Blockchain Association strengthens Figment's regulatory influence in the U.S.

What critics are saying

  • Increased competition may erode Figment's market share and pricing power.
  • Regulatory scrutiny in the U.S. could increase compliance costs for Figment.
  • Cryptocurrency market volatility poses risks to Figment's revenue and client demand.

What makes Figment unique

  • Figment is Canada's largest blockchain infrastructure and software provider.
  • Figment offers enterprise-grade node and staking infrastructure for institutional clients.
  • Figment's Hubble Web 3 explorer and DataHub APIs support blockchain development.

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Funding

Total Funding

$165M

Above

Industry Average

Funded Over

3 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$110M
Figment

Benefits

Remote Work Options

Unlimited Paid Time Off

Health Insurance

Parental Leave

Home Office Stipend

Phone/Internet Stipend

Professional Development Budget

401(k) Company Match

401(k) Retirement Plan

Stock Options

Performance Bonus

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↓ -4%
FF News
Apr 29th, 2025
Taurus And Figment Partner To Enable Institutional Staking On A Global Scale

Taurus SA, a global leader in digital asset infrastructure, and Figment, the leading independent provider of staking infrastructure, today announced a partnership to integrate Figment’s enterprise-grade staking infrastructure into Taurus’ digital asset platform. This collaboration will enable Taurus’ global banking customer base to access Figment institutional-grade staking services while maintaining the highest security and control via the Taurus PROTECT platform, the market-leading custody solution tailored for banks. Through this partnership, Taurus clients can earn rewards on prominent blockchain networks, including Ethereum (ETH), Solana (SOL),and numerous other Proof-of-Stake protocols, by staking their digital assets utilizing Figment’s enterprise-grade infrastructure. This integration ensures clients retain full ownership of their digital assets and rewards throughout the entire staking flow. “We are pleased to announce our partnership with Taurus to provide Figment’s best-in-class staking infrastructure through the secure and reliable Taurus-PROTECT platform,” said Eva Lawrence, Figment’s Regional Managing Director in EMEA. “This collaboration leverages both companies’ experience working with leading regulated banks and large institutions, and we are proud to provide a seamless and robust asset custody solution that enables staking which is tailored to meet the needs of this customer base.”

ChainBits
Apr 29th, 2025
Taurus Partners with Figment to Enable Institutional Staking on a Global Scale

Taurus SA, a global leader in digital asset infrastructure, and Figment, the leading independent provider of staking infrastructure, today announced a partnership to integrate Figment's enterprise-grade staking infrastructure into Taurus' digital asset platform.

The Reviewr
Apr 15th, 2025
Unlock Solana's Future: 3iQ & Figment's Revolutionary North American ETF Launch

3iQ Corp. has chosen Figment as teh main staking provider for its new Solana Staking ETF (TSX: SOLQ).

Crypto News
Mar 31st, 2025
Figment expands institutional staking into Latin America

Figment, a staking infrastructure provider, is expanding into Latin America with a new office in SĂŁo Paulo, Brazil.

Financial Technology Insights
Mar 31st, 2025
Figment Expands Institutional Staking in LATAM

Figment, the leading provider of staking infrastructure, is announcing its formal expansion into Latin America with the establishment of a regional office in SĂŁo Paulo, Brazil.

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