Figment Competitive Intelligence & Landscape

Figment is recognized as the largest non-custodial staking provider for staked Ethereum (ETH) and Solana (SOL) and has over $15 billion in assets staked through its platform, serving over 1000 institutional clients [https://www.figment.io/company/about/].

Figment offers a suite of products and services, including its Staking App, Restaking, Staking Data APIs, White Label Staking, Liquid Staking, and Slashing Coverage. These solutions cater to various use cases, such as asset management, exchanges & marketplaces, and custodians & wallets. The company's value proposition emphasizes security, integrated throughout its processes and products, to reduce risk and ensure the assurance, integrity, and confidentiality expected by institutional clients [https://www.figment.io/].

Headquartered in Toronto, Canada [https://www.figment.io/privacy-policy/], Figment was founded to bring the world onchain, starting with staking [https://www.figment.io/insights/figment-acquires-rated/]. The company has shown significant growth, expanding its global team and achieving record growth in Q1 2024, accelerating to 5x compared to Q1 2023.

Figment has successfully raised substantial funding, including a $110M Series C WAGMI round at a $1.4 billion post-money valuation, to support more proof-of-stake protocols, increase staking participation, and scale middleware and dApp development layers [https://www.figment.io/insights/series-c-wagmi-round/]. Its commitment to innovation is further demonstrated by strategic acquisitions, such as that of Rated, an industry leader in staking and validator analytics [https://www.figment.io/insights/figment-acquires-rated/].

Figment’s product intelligence highlights several differentiating factors. Their Staking App allows clients to retain 100% of Consensus Layer rewards and operates on a non-custodial basis, supporting MetaMask or Wallet Connect-compatible wallets with no asset pooling [https://www.figment.io/products/staking-app/]. For clients requiring deeper integration, Figment APIs are designed to cut development time, optimize resources, and unlock new revenue streams by simplifying the integration of staking services and providing sophisticated reporting [https://www.figment.io/products/apis/]. The White Label Staking solution offers fully managed, private staking infrastructure, maximizing control and branding without the need for in-house development [https://www.figment.io/products/white-label-staking/].

Figment's services are built to cater to a diverse institutional clientele, including asset managers, custodians, exchanges, and wallets. They focus on delivering a complete staking solution for over 500 institutional clients, emphasizing robust risk coverage against slashing, missed rewards, and downtime, alongside rewards optimization through their engineering and protocol expertise [https://www.figment.io/products/validators/]. Recent product developments, such as Validator Cohorts, offer customized, segregated, and optimized infrastructure for validators, providing exclusive, high-performance environments tailored to specific institutional requirements [https://www.figment.io/insights/introducing-figments-validator-cohorts-customized-staking-solutions-for-institutional-clients/]. The company's non-custodial approach ensures clients maintain control over their digital assets, while Figment handles the validation infrastructure [https://www.figment.io/staking-terms-of-use/].

While specific details about recent hiring numbers or notable job openings are not publicly itemized, Figment's consistent growth in its client base—serving over 1000 institutional clients including asset managers, exchanges, wallets, and custodians—suggests a sustained demand for skilled professionals to support its expanding operations [figment.io/company/about/]. The company's expansion into new offerings, such as enabling institutional Bitcoin staking and launching stablecoin staking products, further indicates a need for specialized talent to develop and manage these advanced services [figment.io].

There is no publicly available information on Figment having layoffs. Instead, their hiring patterns signal a robust strategy focused on scaling their expertise and infrastructure to meet the evolving demands of the institutional digital asset market.

Figment's emphasis on being a "complete staking solution" provider, supporting over $15 billion in staked assets, necessitates a continually growing and expert team to maintain its leadership position and deliver unmatched staking performance metrics [figment.io]. Their engagement with policymakers regarding staking regulation and partnerships with major players like BlackRock and Ripple Custody further highlights a proactive approach that requires a strong, knowledgeable workforce [figment.io/insights/category/news/, figment.io/company/press/, figment.io/insights/us-regulatory-activity-since-may-29th-continued-what-it-means-for-staking-and-figments-clients/].

Figment has achieved impressive financial performance, notably exceeding $15 billion in assets staked through its platform. The first quarter of 2024 marked a period of record growth, with the company accelerating to five times its performance compared to Q1 2023. During this quarter, Figment expanded its institutional client list to over 500 customers, and its assets under stake surpassed $15 billion. The company attributes this robust growth to its institutional-grade staking infrastructure and its role as the leading independent provider of staking solutions.

In terms of strategic expansion and M&A activity, Figment acquired Rated Labs to enhance its staking data capabilities for institutional clients. Rated Labs provides deep staking insights, including node operator performance, rewards, and metadata for Ethereum and other proof-of-stake blockchains, aligning with Figment's goal to offer comprehensive data to its clients.

Figment's operational reach has also expanded with the launch of its Figment Europe Ltd. entity, further solidifying its global presence and capacity to serve a growing international institutional client base.

Figment consistently marks its presence at major industry conferences such as Consensus 2025, the Digital Asset Summit 2025, and the UBS Private Company FinTech Conference. These events provide crucial platforms for the company to discuss the evolving landscape of digital asset staking and to share insights into their secure and efficient services. Their proactive involvement underscores their role as an influential voice in the institutional blockchain space.

Beyond large-scale conferences, Figment also engages in more focused events, including the Stablecoin Conference by Bitso and the Point Zero Forum. They further extend their reach through specialized webinars, exemplified by the "Steakhouse Financial & Figment Deep Dive into Restaking Webinar," demonstrating their dedication to educating the community on complex topics like restaking. Additionally, Figment participates in blockchain-specific gatherings like the Nordic Blockchain Conference, Solana Accelerate, and the Ethereum Community Conference, solidifying their expertise across various protocols. Their own Figment 2025 Holiday Reception also serves as an important community-building event [figment.io/resources/events, figment.io/meet-with-us-at-events, figment.io/insights/events/consensus-2025, figment.io/insights/events/digital-asset-summit-2025-2, figment.io/insights/events/ubs-private-company-fintech-conference, figment.io/insights/events/steakhouse-financial-and-figment-deep-dive-into-restaking-webinar, figment.io/insights/events/nordic-blockchain-conference-2, figment.io/insights/events/solana-accelerate, figment.io/insights/events/ethereum-community-conference, figment.io/insights/events/figment-2025-holiday-reception].