Figment
Founded Year
2018Stage
Series C | AliveTotal Raised
$163.84MValuation
$0000Last Raised
$110M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-13 points in the past 30 days
About Figment
Figment specializes in digital asset staking and is a leading provider of blockchain infrastructure services. The company offers a comprehensive staking solution for institutional clients, enabling them to earn rewards on their digital assets through a secure, non-custodial platform. Figment's services include seamless staking integration, portfolio reward tracking, API access, audited infrastructure, and protection against slashing risks. Figment was formerly known as Figment Network. It was founded in 2018 and is based in Toronto, Ontario.
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ESPs containing Figment
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The institutional staking market provides platforms to institutional investors, crypto platforms, and investment funds looking to earn yield on their digital assets through staking. Staking involves holding and locking up cryptocurrencies to support the network and validate transactions, earning rewards in return. The market offers solutions for managing and securing digital assets, as well as pro…
Figment named as Outperformer among 15 other companies, including BitGo, Fireblocks, and Gemini.
Figment's Products & Differentiators
Staking
Our staking, middleware, and application level solutions are relied on by more than 100 institutional investors and thousands of developers and blockchain start-ups who are investing in and building on Web 3 technology. Figment’s enterprise-grade and geographically distributed staking & node infrastructure is the access point for institutional (VC funds, custodians and exchanges) token holders who wish to earn “yield” by participating in blockchain consensus (via staking) and vote on network upgrades and proposals via onchain governance. As of December 2021, Figment’s infrastructure stack manages approximately $4.5B USD in staked assets across 50+ blockchain protocols.
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Research containing Figment
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Figment in 3 CB Insights research briefs, most recently on Mar 27, 2023.
Oct 15, 2022
What is institutional staking?Expert Collections containing Figment
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Figment is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,244 items
Regtech
1,453 items
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.
Blockchain
12,233 items
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Blockchain 50
50 items
Figment Patents
Figment has filed 2 patents.
Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
10/1/2015 | 6/6/2017 | Virtual reality, Mixed reality, Operating roller coasters, Augmented reality, Virtual reality headsets | Grant |
Application Date | 10/1/2015 |
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Grant Date | 6/6/2017 |
Title | |
Related Topics | Virtual reality, Mixed reality, Operating roller coasters, Augmented reality, Virtual reality headsets |
Status | Grant |
Latest Figment News
May 27, 2024
Virtune AB (Publ) Stockholm, May 27, 2024 – Virtune AB (Publ) ("Virtune"), a leading digital asset manager based in Stockholm, is pleased to announce an agreement with a second staking provider, the premier staking provider Figment Inc. . This agreement is set to enhance Virtune's staking Exchange-Traded Products (ETPs), specifically the Virtune Staked Polkadot ETP and Virtune Staked Solana ETP. Virtune’s staking ETPs enable investors to receive staking rewards on a daily basis which are reflected in the performance of the staking ETP. This is being made without any lock-up period for the investors in the ETPs, which can otherwise be the case when staking crypto assets. Virtune's innovative product portfolio currently includes five staking ETPs. These are Virtune Staked Ethereum ETP, Virtune Staked Solana ETP, Virtune Staked Polygon ETP, Virtune Staked Cardano ETP and Virtune Staked Polkadot ETP. Initiated on February 2, 2024, this arrangement reaffirms Virtune's dedication to advancing its staking capabilities within its crypto ETPs. Recognized globally for its staking services, Figment supports a broad range of clients, including major custody institutions, cryptocurrency exchanges, ETP providers and asset managers. Through this agreement, Virtune will utilize Figment's expertise to deliver efficient and robust staking solutions, and work alongside Virtune as they continuously evolve their product offerings. “We have been impressed by Virtune’s growth in the Nordic market and are pleased to be powering the staking for Virtune’s ETPs. We look forward to continuing to work with Virtune as they develop and broaden their ETP offering in the Nordics and beyond” – Eva Lawrence, Head of EMEA, at Figment. Enhancing Blockchain Integrity through Staking Staking plays an essential role in the functionality of Proof of Stake (PoS) blockchains, such as Solana and Polkadot. It enables cryptocurrency holders to earn rewards by contributing to the validation and verification of transactions. This mechanism not only assures the security and authenticity of transactions but also rewards participants with rewards in the staked cryptocurrency. Given the technical and financial requisites for acting as a validator, numerous investors prefer to engage with trusted staking providers like Figment for their staking solutions. Virtune's Assurance of Secure and Non-Custodial Staking Virtune remains steadfast in its commitment to security and trust, employing a non-custodial staking approach. This strategy ensures that cryptocurrencies allocated for staking are managed directly from secure, offline storage solutions, notably through custodian services like Coinbase, negating the need to transfer or lend assets to any third party. Inquiries and Additional Information Investors and interested parties seeking further details on staking opportunities within Virtune’s ETPs or other inquiries are warmly invited to contact us via email at hello@virtune.com or through the contact form on our website: https://www.virtune.com/sv/contact . About Virtune AB (Publ) Virtune with its headquarters in Stockholm is a fully regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market. About Figment Inc. Figment is the leading provider of staking infrastructure. Figment provides a comprehensive staking solution to over 500 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider 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 Figment’s mission to support the adoption, growth, and long-term success of the digital asset ecosystem. Figment is neither the issuer nor the promoter of the ETPs. This press release is for information purposes only and does not constitute investment advice, an offer, or a recommendation to buy or sell any financial instruments, nor does it constitute recommendations or guidance for decisions concerning any investments. Media Inquiries
Figment Frequently Asked Questions (FAQ)
When was Figment founded?
Figment was founded in 2018.
Where is Figment's headquarters?
Figment's headquarters is located at 545 King Street West, Toronto.
What is Figment's latest funding round?
Figment's latest funding round is Series C.
How much did Figment raise?
Figment raised a total of $163.84M.
Who are the investors of Figment?
Investors of Figment include Anchorage Digital, Liberty City Ventures, Declaration Partners, CMS Holding, FMR and 40 more.
Who are Figment's competitors?
Competitors of Figment include Solana, QuickNode, Blockdaemon, Staked, Bison Trails and 7 more.
What products does Figment offer?
Figment's products include Staking.
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Compare Figment to Competitors
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