Figment

Provides staking solutions for cryptocurrency

Toronto, Ontario, Canada

About Figment

Figment provides staking solutions in the blockchain and cryptocurrency industry, allowing cryptocurrency holders to earn rewards by validating transactions on blockchain networks. Their services include staking applications, validators, and slashing coverage, which protect clients from penalties for improper validation. Figment supports over 500 institutional clients, such as asset managers and exchanges, by offering a strong infrastructure and APIs to help maximize staking rewards. Operating in 23 countries, Figment is a remote-first company focused on the Web3 ecosystem, aiming to promote the growth and success of blockchain technology. Their business model involves charging fees based on the staking rewards earned by clients, while also offering tailored solutions for various sectors.

Toronto, CanadaHeadquarters
2018Year Founded
$160.5MTotal Funding
SERIES_CCompany Stage
Fintech, Crypto & Web3Industries
51-200Employees

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

Risks

Intensifying regulatory scrutiny could increase compliance costs for Figment's staking services.
Volatility in cryptocurrency markets may impact Figment's revenue and client demand.
Increased competition in staking infrastructure could erode Figment's market share.

Differentiation

Figment offers comprehensive staking solutions for over 500 institutional clients globally.
The company provides enterprise-grade node and staking infrastructure, enhancing blockchain accessibility.
Figment's partnerships with Ledger and MarketVector highlight its leadership in crypto index innovation.

Upsides

Increased demand for staking services boosts Figment's growth in institutional crypto investments.
Partnerships with Ledger and Zodia Custody expand Figment's market reach and user base.
Launch of customizable staking ETPs on SIX Swiss Exchange enhances Figment's competitive edge.