Figment

Figment

Computer and Network Security

Toronto, Ontario 9,022 followers

Figment is the leading provider of blockchain infrastructure.

About us

Figment is the leading provider of blockchain infrastructure. We provide the most comprehensive staking solution for over 500 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, we are the largest non-custodial staking provider with nearly 5% of staked ETH on Figment validators. Figment’s institutional staking service offers seamless point-and-click staking dashboard, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads to our mission to support the adoption, growth, and long-term success of the digital asset ecosystem. To learn more about Figment, please visit our website at figment.io

Website
https://figment.io
Industry
Computer and Network Security
Company size
201-500 employees
Headquarters
Toronto, Ontario
Type
Privately Held
Founded
2018
Specialties
staking, proof of stake, cryptocurrency, security, regulatory complianice, software development, network services, cloud services, data center services, and hosting

Locations

Employees at Figment

Updates

  • View organization page for Figment, graphic

    9,022 followers

    Your chance to learn from Figment leadership is here. 🎤 At the Blockchain Futurist Conference 🇨🇦 in Toronto on August 13th, Figment’s Ethereum Specialist, Ben Thalman, CFA will be speaking on DeFi and Staking. 🗓️ August 13 🕚 11:15 AM 🪑 WonderFi Main Stage 🎤 “DeFi & Staking: Shaping the New Era of Investments” August 14th, Figment’s Sr. Manager Quality and Integrations, Shana Derman will be speaking at ETHWomen on Leadership in Web3. 🗓️ August 14 🕚 11 AM 🪑 Upper Stage 🎤 “Voices of Leadership: Keynote Discussion with Pioneering Women in Web3” We welcome you to sit in on their talks and feel free to chat with them. We can’t wait to see you there. 🙌

    • Shana Derman at the Blockchain Futurist Conference
    • Benjamin Thalman at the Blockchain Futurist Conference
  • View organization page for Figment, graphic

    9,022 followers

    In case you missed it, Figment’s Q2 ETH Validator Report is now out. ⚡ This report includes highlights such as: ✅ 3.48% Figment’s Avg Staking Rewards Rate ✅ 0 Double-Sign Slashing events ✅ 99.88% Participation Rate To learn more about risk-adjusted rewards, Ethereum reward types, participation, slashing and more, click into our article here.👇 https://lnkd.in/eWj7ZF7D

    • Ethereum Validator Insights. Figment Q2 2024 Report
  • View organization page for Figment, graphic

    9,022 followers

    There are some good takeaways here from our Chief Regulatory and Strategy Officer. We highly recommend following her work for more regulatory insights like this. ➕

    View profile for Jennie Levin, graphic

    Chief Regulatory and Strategy Officer at Figment

    I came across this article surrounding a new Ethereum Fund with staking. While promising, here are my takeaways: 🔹 This piece reinforces that other jurisdictions, including Japan are allowing issuers to incorporate staking into their ETFs – something the U.S. should do to keep up with other global jurisdictions and because true protocol staking is not a security. To this point, I’ve noticed that staking has been used to describe a lot of activities that are not actually protocol staking. That’s why I think it’s important to consistently use the term “protocol staking” to describe the process underlying proof of stake blockchains. As an industry, we should make the effort to be accurate and consistent with our words. 🔹 I’ve also noticed that the press, the financial industry, and even some in the crypto space are using inaccurate and misleading words to describe true protocol staking, which further propagates the inaccurate narrative that protocol staking is a security. For example,  this article describes protocol staking as “pooling funds to earn returns,” which is not correct. Rewards are not “returns” and ETH protocol staking - that node operators like Figment provide -  does not involve pooling funds.  We also have to collectively stop referring to rewards as “yield.” Yield is a specific financial term used to describe a specific type of investment return. It is inaccurate and harmful to protocol staking to describe rewards as yield.  We must be better as an industry to guide accurate conversations about staking. 🔹 Furthermore, protocol staking does not involve “lending” your ETH to a validator. When someone uses their ETH to set up a validator for protocol staking on ethereum, you own that validator, not the node operator, and your ETH remains in your custody and control. Your ETH is used to strengthen the network’s security, and in return, you earn protocol rewards. Here’s how we should think of things moving forward: ✅ “Protocol staking” to describe the process underlying proof of stake blockchains. ✅ Use the term “Rewards” ❌ Stop using the term “Yield” While the U.S. should recognize what Ethereum staking is not (that being a security), we should better define what Ethereum staking is, and be clear and uniform about the language we use when discussing protocol staking. Article here → https://lnkd.in/gFgXygAh #Ethereum #ProtocolStaking #EthereumETF #EthETF #Figment #NodeOperator

    • Nomura Ethereum Fund with staking
  • View organization page for Figment, graphic

    9,022 followers

    This Thursday we premiere our exclusive chat with Babylon Labs Co-Founder, David Tse: Here’s what you can expect to learn: → What is Babylon? → Why invest in a BTC project? → L2 importance of grow and security of Bitcoin → Mechanics of Babylon → Staking Babylon → Bridging between PoW and PoS → Partnerships that fortify Babylon 🗓️ August 8, 2024 10:00 AM EST Secure your spot to learn more about revolutionizing #Bitcoin with staking. 🟧 → https://lnkd.in/eXSEKvHt

    • Figment x BabylonChain Webinar
  • View organization page for Figment, graphic

    9,022 followers

    What makes Bitcoin Layer 2s important for the growth of Bitcoin? 💭 On August 8th, we sit down with Babylon Labs Co-Founder, David Tse to chat: → What is Babylon? → The problems it aims to address → L2 importance of grow and security of Bitcoin → Testnet and Mainnet updates → Staking Babylon Secure your spot to learn more about revolutionizing #Bitcoin with staking. 🟧 → https://lnkd.in/eXSEKvHt The webinar starts on August 8, 2024 10:00 AM EST with Figment’s Drake Breeding and Josh Deems moderating.

    • Figment x BabylonChain Webinar
  • View organization page for Figment, graphic

    9,022 followers

    Figment is sponsoring ETH Toronto August 13th - 14th in Ontario, Canada! 🇨🇦 🎉 The two day conference is stacked with speaker lineups and thought leading panels catered to Canadian crypto innovation. We have a team attending and speaking who would love to meet with you and your org! Feel free to message us here. 🤝

    • Figment at ETH Toronto
  • View organization page for Figment, graphic

    9,022 followers

    Want to keep your staked SOL secure? We have a solution you might be interested in... ☝️ We've joined Ledger to bring all Ledger Live stakers SOL staking – Powered by Figment. Stake your SOL with the power of our robust institutional staking services from the security of your Ledger device. Want to get started? Let’s begin. 👇 https://lnkd.in/epNNtT3g 

    • Stake SOL with Figment on Ledger Today

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Funding

Figment 7 total rounds

Last Round

Series unknown
See more info on crunchbase