Latest news with #Figment
Mid East Info
2 days ago
- Business
- Mid East Info
Figment Expands into Middle East With Key Hire, Amid Strategic Partnership and Rising Institutional Demand - Middle East Business News and Information
United Arab Emirates, June 2025 — Figment, the leading independent provider of institutional staking infrastructure, is deepening its presence in the Middle East as digital asset adoption accelerates across the region. As part of this expansion, Figment has appointed Christoph Richter as its first Head of Business Development in the Middle East and announced a key partnership with UAE-based custody provider Tungsten, a trusted name in institutional digital asset services. This collaboration leverages Tungsten's well-established industry position and existing licensing within the Abu Dhabi Global Market (ADGM), enabling them to offer enhanced, non-custodial staking options to clients via Figment's infrastructure. The move marks a major step in expanding compliant staking access across the UAE and the broader MENA region and Christoph will be Figment's first on-the-ground hire in the region. 'Staking can be understood as earning the risk-free rate on proof-of-stake networks like ETH and SOL,' said Christoph Richter. 'With inflation beating rewards and rising institutional digital asset allocations, staking is becoming a core strategy Figment's formal entry into the region is driven by growing demand for compliant, reward-generating solutions aligned with long-term digital asset investment strategies. 'The Middle East is uniquely positioned to benefit from institutional staking,' said Eva Lawrence, Figment's Head of EMEA & Regional MD. 'With Christoph's deep background in traditional finance and digital assets, he's perfectly placed to lead our growth in this high-potential market.' Christoph will lead business development and strategic partnerships, reporting to Eva Lawrence, the Head of EMEA. He brings nearly two decades of TradFi derivatives experience, including senior roles at JP Morgan, Barclays, BNP Paribas, and UBS. In his most recent TradFi role, he led derivative solutions for Southern Europe and DACH at MUFG. Since entering the digital asset industry in 2017, he has advised top-tier firms and co-founded the proprietary BTC & ETH trading venture Vol Capital, building market neutral quantitative investment strategies. Christoph brings a wealth of experience of working on major infrastructure Public Private Partnerships transactions across the Middle East, particularly in Saudi, building strong ties to the region's major players and capital markets. Now based in the UAE and fluent in five languages, he brings a truly global perspective to Figment's regional growth. This move builds on Figment's global expansion across EMEA, the Americas, and APAC, reflecting increased institutional demand for secure and regulatory-aligned staking solutions and cementing Figment's leadership as the most trusted institutional staking provider. Christoph's appointment and the partnership with Tungsten underscore Figment's commitment to investing in local leadership and strategic infrastructure tailored to the needs of the region. About Figment: Figment is the leading independent provider of staking infrastructure. Figment provides the complete staking solution for over 700 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. Institutional staking services from Figment include seamless point-and-click staking, 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.
Zawya
3 days ago
- Business
- Zawya
Figment expands into Middle East with key hire, amid strategic partnership and rising institutional demand
RELATED TOPICS CRYPTOCURRENCY RELATED COMPANIES BNP MUFG P3 Virginia ADGM Figment Vol Capital United Arab Emirates — Figment, the leading independent provider of institutional staking infrastructure, is deepening its presence in the Middle East as digital asset adoption accelerates across the region. As part of this expansion, Figment has appointed Christoph Richter as its first Head of Business Development in the Middle East and announced a key partnership with UAE-based custody provider Tungsten, a trusted name in institutional digital asset services. This collaboration leverages Tungsten's well-established industry position and existing licensing within the Abu Dhabi Global Market (ADGM), enabling them to offer enhanced, non-custodial staking options to clients via Figment's infrastructure. The move marks a major step in expanding compliant staking access across the UAE and the broader MENA region and Christoph will be Figment's first on-the-ground hire in the region. 'Staking can be understood as earning the risk-free rate on proof-of-stake networks like ETH and SOL,' said Christoph Richter. 'With inflation beating rewards and rising institutional digital asset allocations, staking is becoming a core strategy - and the MENA region is ready.' A Strategic Regional Push Figment's formal entry into the region is driven by growing demand for compliant, reward-generating solutions aligned with long-term digital asset investment strategies. 'The Middle East is uniquely positioned to benefit from institutional staking,' said Eva Lawrence, Figment's Head of EMEA & Regional MD. 'With Christoph's deep background in traditional finance and digital assets, he's perfectly placed to lead our growth in this high-potential market.' Christoph will lead business development and strategic partnerships, reporting to Eva Lawrence, the Head of EMEA. He brings nearly two decades of TradFi derivatives experience, including senior roles at JP Morgan, Barclays, BNP Paribas, and UBS. In his most recent TradFi role, he led derivative solutions for Southern Europe and DACH at MUFG. Since entering the digital asset industry in 2017, he has advised top-tier firms and co-founded the proprietary BTC & ETH trading venture Vol Capital, building market neutral quantitative investment strategies. Christoph brings a wealth of experience of working on major infrastructure Public Private Partnerships transactions across the Middle East, particularly in Saudi, building strong ties to the region's major players and capital markets. Now based in the UAE and fluent in five languages, he brings a truly global perspective to Figment's regional growth. Continued Global Investment, Local Leadership This move builds on Figment's global expansion across EMEA, the Americas, and APAC, reflecting increased institutional demand for secure and regulatory-aligned staking solutions and cementing Figment's leadership as the most trusted institutional staking provider. Christoph's appointment and the partnership with Tungsten underscore Figment's commitment to investing in local leadership and strategic infrastructure tailored to the needs of the region. Press Contact Peter Redding peter@ Amy McAllister Byrne: amy@ About Figment Figment is the leading independent provider of staking infrastructure. Figment provides the complete staking solution for over 700 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. Institutional staking services from Figment include seamless point-and-click staking, 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. To learn more about Figment, please visit
Yahoo
05-06-2025
- Business
- Yahoo
This company is helping family offices turn idle crypto into passive income
This company is helping family offices turn idle crypto into passive income originally appeared on TheStreet. Tired of watching your Bitcoin or Ethereum sit idle while others earn yield? Figment, the world's largest independent staking provider, is making it effortless to put your crypto to work — securely, at scale, and with full institutional backing. Whether you're holding a few million in Solana or running a fund, staking is the new way to earn, and Figment is quietly powering that revolution behind the scenes. 'Figment is the world's largest independent staking provider,' said co-founder Florian Gable. With a team of 150 people across New York, Singapore, London, Japan, South America, and headquartered in Toronto, Figment works with everyone from VC funds and ETFs to family offices and TradFi giants. Their job? Helping clients stake tokens and earn consistent rewards. Think of staking as your crypto clocking in for work. 'It's like if, as a Visa credit card holder, you could process transactions and share in the fee revenue,' Gable explained. In proof-of-stake chains like Ethereum and Solana, staking is what keeps the network secure. When you stake, you're locking your tokens with a validator (like Figment) to help process transactions. In return, you earn yield — typically 2–3% from protocol inflation, and even more from transaction fees. 'The more people use the protocol, the higher the fees you earn,' Gable added, referencing the meme coin frenzy on Solana in 2024 that spiked returns. But if you're managing millions or billions in crypto, going solo doesn't cut it. 'At a small scale, you can be a hobbyist,' he said, 'but with millions or billions in assets, it's complicated.' From setting up thousands of nodes to avoiding penalties, it's a full-time operation. Figment handles all of it, while clients keep custody of their assets via platforms like Anchorage or Coinbase. You just assign them to run the nodes — and sit back as your crypto works. 'You keep custody and assign us to run the nodes,' Gable explained. Figment currently manages $15 billion in staked assets across 70+ networks. And with yields of 3–5% on Ethereum and up to 12% on Solana, the returns aren't far off from traditional investments — minus the volatility. 'Most hold crypto with custodians or exchanges,' Gable noted. Figment often powers the staking options directly behind those platforms. Big investors can customize fees, insurance, and service agreements. And Franklin Templeton's 2025 DeFi outlook already flagged staking as a major growth trend, with Ethereum staking alone reaching $120 billion. 'We're still at the 'what's after Bitcoin?' stage,' Gable admitted. He said many newcomers still struggle with the basics. Bitcoin is simple to understand as 'digital gold,' but concepts like DeFi or staking confuse even seasoned investors. That's where Figment shines — offering clean reporting, tools, and transparency. 'If we disappear, you just restake elsewhere,' Gable emphasized, highlighting that investors always stay in control. Gable doesn't think the future belongs to hundreds of Layer 1 blockchains. Instead, he sees a streamlined market — a few strong protocols with specific use cases, like programming languages. Think Bitcoin, Ethereum, Solana, and a rotating cast of high-performing newcomers. 'I don't think we need 1,000 Layer 1s,' he said. 'We'll have three to 10 protocols with specific purposes, like programming languages.' With partnerships like BlackRock's BUIDL fund, Figment is positioning itself at the center of this institutional DeFi boom. And the growth opportunity is massive: Gable expects $500 billion in staked assets by 2028. 'The ecosystem will consolidate, but staking demand will grow,' he said. In a world where most crypto still sits idle, Figment's making sure the smart money keeps earning — quietly, efficiently, and on-chain. This company is helping family offices turn idle crypto into passive income first appeared on TheStreet on Jun 4, 2025 This story was originally reported by TheStreet on Jun 4, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-02-2025
- Business
- Yahoo
BTCS Unveils Strategic Partnership with Figment and WonderFi Leading its Staker Protection Plan
Silver Spring, Maryland--(Newsfile Corp. - February 18, 2025) - BTCS Inc. (NASDAQ: BTCS) ("BTCS" or the "Company"), a leader in blockchain infrastructure and technology, is pleased to announce its partnership with Figment Inc. ("Figment"), one of the world's foremost blockchain infrastructure providers, for the launch of its Staker Protection Plan. This solution is designed to enhance transaction inclusion and state preservation, addressing a critical pain point for traders and end-users who demand greater certainty for their high-value and time-sensitive transactions. WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) ("WonderFi"), a top digital asset company, will join as Figments first customer in the pilot program. Partnership and Pilot Program Highlights: This collaboration underscores BTCS and Figment's shared commitment to advancing the blockchain ecosystem by addressing critical challenges in wider adoption. With WonderFi's participation, stakers on the WonderFi-owned Bitbuy and Coinsquare platforms will be the first to enjoy the benefits of the program. The pilot program is anticipated to go live on mainnet in March 2025 in connection with Ethereum's Pectra update. The Staker Protection Plan program is designed to deliver key benefits, including: Providing end-users with greater confidence that their transactions will be included in a particular block. Addressing complexities and heightened risks of high-value transactions in cross-chain and cross-venue operations, ensuring timely and predictable trading outcomes. Optimizing staking rewards rate (SRR) for stakers through improved compliance and performance. Stakers interested in participating in this solution, which is designed to meet applicable regulatory requirements and benefit from increased SRR can contact Figment's customer success team. End-users seeking information about transaction execution and enhanced features can reach out to the BTCS team for more information. Charles Allen, CEO of BTCS, stated: "By partnering with Figment and integrating WonderFi as the first participant, we are laying a strong foundation for staker empowerment and ecosystem growth. This partnership exemplifies our dedication to delivering solutions that foster revenue growth and operational excellence." Cannot view this video? Visit: Lorien Gabel, CEO of Figment, added: "At Figment, we are committed to driving innovation in blockchain infrastructure to enhance the Ethereum ecosystem and increase adoption. Our partnership with BTCS on this innovative solution demonstrates our dedication to addressing critical challenges in staking operations. By providing solutions that ensure fairness and enhance transaction inclusion, we are fostering a more reliable and fair network for all participants." Dean Skurka, CEO of WonderFi, stated: "Participating in BTCS's Staker Protection Plan pilot is a natural extension of our commitment to innovation and growth. We believe that this program will not only enhance our validator operations but also increase revenue for our shareholders and ultimately, higher staking rewards to our customers. We're excited to be at the forefront of initiatives that have the potential to redefine validator strategies." About BTCS: BTCS Inc. (Nasdaq: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its Ethereum blockchain infrastructure operations. BTCS has honed its expertise in Ethereum network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting For more information follow us on: Twitter: Facebook: About Figment: Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients and $15B in assets staked across asset managers, exchanges, wallets, foundations, custodians, and banks, to earn rewards on their digital assets. For more information, visit Partnering with BTCS for the Staker Protection Plan exemplifies Figment's dedication to innovation in the ecosystem and empowerment of stakers. About WonderFi: WonderFi is the largest regulated crypto trading platform in Canada and a global leader in centralized and decentralized financial services and products. With over $2.2B in assets under custody, WonderFi is well-positioned to service crypto participants on a global scale with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications. Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining applicable licenses. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, SmartPay and Tetra Trust. As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space. For more information, visit Forward-Looking Statements: Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws, including statements regarding our anticipated launch on mainnet and revenue growth. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues, unexpected issues with the Staker Protection Plan and launch as well as issues with Ethereum's planned Pectra update, as well as risks set forth in the Company's filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2023, which was filed on March 21, 2024. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events, or otherwise, except as required by law. BTCS Investor Relations:Charles Allen - CEOX (formerly Twitter): @Charles_BTCSEmail: ir@ Figment Contact:Email: marketing@ WonderFi Investor Relations:Charlie AikenheadEmail: Invest@ To view the source version of this press release, please visit Sign in to access your portfolio
