Figment provides tools and resources to facilitate the integration and scalability of decentralized applications within the Web 3 ecosystem. By enhancing developer access to blockchain infrastructure, Figment addresses the challenges of onboarding and maintaining decentralized networks.
Funding
$165M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+5Founders
Product
Problem
Participating in Proof-of-Stake (PoS) networks requires specialized infrastructure and expertise, creating barriers to entry for institutions and individuals looking to earn rewards on their digital assets. Managing validator nodes, ensuring security, and accurately reporting rewards can be complex and resource-intensive.
Solution
Figment provides a comprehensive staking platform designed for institutions and individuals to seamlessly participate in PoS networks and earn rewards. The platform offers a range of staking services, including validator management, staking APIs, and rewards reporting tools, simplifying the staking process across 30+ protocols. Figment's enterprise-grade infrastructure prioritizes security and resilience, minimizing the risk of slashing and downtime. Users can stake through Figment's staking app or integrate staking functionality into their own platforms using Figment's APIs.
Target Audience
Figment serves institutional clients such as asset managers, exchanges, custodians, and wallets, as well as individual token holders looking to earn rewards on their digital assets.
Features
- Non-custodial staking options, allowing users to maintain control of their assets
- Support for a wide range of PoS protocols, including Ethereum, Solana, and Cosmos
- Enterprise-grade infrastructure with SOC 2 Type 2 and ISO 27001 compliance
- Real-time rewards reporting and analytics via API or in-app dashboards
- Slashing coverage to protect against potential losses due to validator errors
- Staking API for seamless integration of staking functionality into exchanges, wallets, and other platforms
- White-label validator solutions for institutions seeking to offer staking services under their own brand
- Rewards API to calculate staking rewards earned by Figment validators