SwissBorg partners with Mastercard to launch crypto Debit Card. SwissBorg has announced its partnership with Mastercard to launch the SwissBorg Debit Card. This collaboration marks a significant milestone for both companies and represents a crucial step in integrating cryptocurrency with traditional finance. The SwissBorg Crypto Card aims to provide users with an easy way to spend cryptocurrencies across a wide range of services and merchants that accept Mastercard. SwissBorg and Mastercard to ensure instant crypto-to-fiat conversion. The SwissBorg Debit Card will allow users to convert their cryptocurrencies into fiat currencies instantly during transactions. This feature ensures that individuals can use their digital assets in everyday purchases without the need for multiple conversions or lengthy processes. The card will function similarly to traditional debit cards, making it easier for cryptocurrency holders to access their funds in a manner familiar to most consumers. The partnership enables seamless transactions at millions of locations worldwide where Mastercard is accepted. This collaboration enhances the user experience by bridging the gap between crypto and fiat currencies, ultimately making cryptocurrencies more accessible for day-to-day usage. Bringing Web3 to real-world utility. The SwissBorg Crypto Card is designed to bring true ownership of digital assets to its users, emphasizing the integration of Web3 technologies into everyday finance. By offering direct access to cryptocurrencies for daily spending, the card provides an innovative solution that connects the crypto world with the real economy. SwissBorg aims to continue its efforts in enhancing the utility of cryptocurrencies while offering a rewarding and secure financial tool for its community. As the demand for crypto adoption grows, this partnership with Mastercard marks an important development in the cryptocurrency sector, helping to bring digital assets into mainstream financial ecosystems.

Figment's Q3 2025 Solana validator report. October 16, 2025 This report covers Figment's main Solana validator and its activity through July to September, 2025. On Solana, Figment is one of the largest independent protocol staking providers. This quarter, Figment highlights the increase in Maximal Extractable Value or MEV, on Solana and its role in increasing rewards for Solana Delegators. Unless otherwise stated, all of the data utilized in this report is powered by Figment's Data team. Figment differentiate between validator metrics within Figment's operational control & expertise to influence performance, and "external factors" outside of its control to influence. Metrics fully within its control: Voting Effectiveness and Voting Latency. Metrics subject to external factors: Skip Rate, as a lagging, previous leader delays when its validator sees a previously confirmed block (leading to failed block production and higher skip rate). Skip rate is best used in comparison to other validator operators over the same time period. Comparing individual validators over a brief period does not provide an accurate representation due to selective data, transaction fee volatility, and stake weight. Q3 metrics. * ~68% of SOL circulating supply is staked * Figment's validator average Staking Rewards Rate (SRR) throughout Q3 was 7.26%, over 27% higher than the network average SRR of 5.9% * Skip Rate: 0.55% * Skip rate is the percent of leader slots in which a validator fails to produce a block which is eventually confirmed by the network. (source, Solana) * Voting Effectiveness: 99.8% * The percentage of correct votes, modulated by its latencies. (*over the past 30 days - source, Rated) * Voting Latency: 1.02 * How fast did its validator correctly vote on a Leader's landed slot (<= 2 slots is optimal) * Distance (measured in slots) between when a slot is landed by a leader and when a non-leader votes on the slot * Timely Voting Credits matter. Validators who vote within 2 slots of a block's production earn full protocol inflation rewards for that vote Security & risk management. Throughout Q3, Figment's systems and client assets were completely unaffected by the security incidents detailed below. In September 2025, Kiln and SwissBorg experienced a security breach involving Solana infrastructure. In the aftermath, Kiln made the decision to forcibly exit 100% of their Ethereum validators, representing roughly 4% of all staked ETH, or about $7 billion. This event not only disrupted Ethereum's validator queues but also highlighted the interconnected risks between multi-chain operations and the importance of proven, disciplined security architectures. Figment's infrastructure remained stable and secure throughout, demonstrating the strength of its non-custodial, defense-in-depth model. Figment's systems are built on a foundation of multi-cloud and bare-metal redundancy, zero-trust access controls, hardened key management, and SOC 2 Type II - certified operational standards. Figment follow a "Safety Over Liveness" philosophy, deliberately prioritizing protection and slashing avoidance over marginal uptime. Figment continues to operate its Solana validator infrastructure, providing delegators with a secure, non-custodial staking experience backed by continuous monitoring, rigorous vendor oversight, and institutional-grade security governance. Its report spans Epochs 810-856 (July 1 - September 30). This provides a comprehensive view of Solana's staking rewards performance during Q3. As a snapshot of Solana's staking rewards performance during Q3, its report focuses on two types of rewards for delegators: inflationary and Jito MEV rewards. Figment's validator in Q3 continues to outperform the network average. Figment's Staking Reward Rate (SRR) of 7.62%, over 27% greater than network average SRR of 5.9%. Figment's outperformance is partially attributed to Jito MEV rewards, which Figment will explore in the next section. MEV on Solana. The evolving landscape of Solana's monetary policy directly impacts institutional staking strategies. Prioritizing MEV infrastructure and transparent client advocacy processes position Figment to navigate these changes while maximizing returns for its delegators. Its early adoption of Jito MEV infrastructure delivered ~7% of total staking rewards in Q3 2025, demonstrating the growing importance of MEV in Solana's reward structure. As a jito-solana client validator, Figment captures supplemental value for delegators, in addition to native protocol inflationary rewards. This boost in total rewards from MEV, helps Figment's delegators achieve higher average srrs and earn more Solana rewards than the network throughout Q3. Solana's disinflation rate is -15% annually, reducing inflation rewards per epoch till they reach a terminal inflation rate of 1.5%. As inflation rewards shrink, Maximum Extractable Value (MEV) becomes a significant component of validator rewards. In this evolving landscape, Figment is strategically positioned to capitalize on these changes. This MEV advantage becomes increasingly critical as baseline inflation decreases. Under potential future inflation reductions via MESA or similar proposals, MEV could represent 20-25% of total validator rewards during high-activity periods, favoring operators with sophisticated MEV extraction capabilities. Looking forward: Firedancer and the next era of Solana performance. Solana is entering a new era of validator performance and client diversity with Firedancer, a next-generation validator client developed by Jump Crypto. Designed from the ground up in C to eliminate software inefficiencies and fully leverage hardware capabilities, Firedancer represents a major step forward for the Solana ecosystem. Early mainnet data already points to meaningful validator performance improvements, including fuller slots, lower latency, and higher total rewards per block. Figment is among the first institutional staking providers to operate Firedancer on mainnet, combining Firedancer's engineering breakthroughs with its SOC 2 Type II - certified, multi-region bare-metal infrastructure. This integration allows Figment to deliver the next generation of Solana staking performance, higher throughput, improved stability, and smarter reward capture through optimized MEV and transaction-fee scheduling. By supporting Firedancer, Figment is advancing true client diversity on Solana, a critical safeguard against correlated risk and validator concentration. As Firedancer moves toward full voting functionality, it is expected to enhance both network resilience and delegator returns, aligning with Solana's long-term scalability roadmap. For delegators, this means greater reliability, higher performance, and stronger risk-adjusted rewards. Figment's Firedancer-powered validators are already demonstrating how protocol innovation and institutional-grade infrastructure together can redefine staking outcomes. If you are interested in switching over to its Firedancer Solana validator, reach out to its team or delegate here. Stake SOL with Figment. Figment provides the complete staking solution for over 1000+ institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Solana, Figment is one of the largest non-custodial staking providers of staked SOL. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This is just one part of Figment's mission to support the adoption, growth, and long-term success of the digital asset ecosystem. * More Rewards: Figment supports JitoMEV relay. * Click-to-Stake: Experience the best staking interface for SOL with access to the Figment app. View your staking positions in real-time as well as stake, unstake, and view rewards. Track your portfolio across multiple networks and download detailed reports. * Optimized Rewards Reporting: Access detailed and comprehensive rewards statements in various formats. Figment offers a seamless Solana staking experience. Individual users maintain control with true non-custodial staking while institutions benefit from Figment's robust infrastructure that provides security and optimized rewards. Sign up now and start staking Solana. Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 1000 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. The information herein is being provided to you for general informational purposes only. It is not intended to be, nor should it be relied upon as, legal, business, tax or investment advice. Figment undertakes no obligation to update the information herein.

ZURICH & PALO ALTO, Calif., September 25, 2025--Hub.xyz, the programmable-bandwidth network that leverages the idle internet connections of everyday users to deliver real-time data streams to AI systems, today announced the closing of its pre-seed round and the opening of its seed round.