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Figment

figment.io

Founded Year

2018

Stage

Series C | Alive

Total Raised

$163.84M

Valuation

$0000 

Last Raised

$110M | 1 yr ago

About Figment

Figment is a Canadian-based blockchain infrastructure and crypto staking provider. Figment develops back-end systems and infrastructure that provide yield on tokens for PoS blockchains. The company offers staking, middleware and application layer solutions for investors and developers investing in and building on Web 3. The company was founded in 2018 and is based in Toronto, Ontario.

Headquarters Location

Toronto, Ontario, M6R 1H2,

Canada

Figment's Product Videos

ESPs containing Figment

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Wealth Tech

Companies in this market offer yield generation for institutional investors through staking, where crypto assets are allocated to process transactions and secure protocols (e.g., Ethereum) in exchange for rewards. Staking providers run nodes (a requirement to stake) as a service for clients, eliminating the technical overhead of setting up and managing nodes of their own.

Figment named as Leader among 9 other companies, including Blockdaemon, Finoa, and Cybavo.

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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.

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 Oct 15, 2022.

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.

U

Unicorns- Billion Dollar Startups

1,204 items

R

Regtech

1,341 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements in FIs. Regulatory technology helps FIs and regulators address challenges ranging from traditional compliance and risk management to data reporting and transmission.

B

Blockchain

8,248 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

B

Blockchain 50

50 items

Figment Patents

Figment has filed 2 patents.

patents chart

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

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

22:45 ET WEMIX3.0 welcomes Figment as a Node Council Partner and 'WONDER 14'

Nov 9, 2022

News provided by Share this article Share this article SEOUL, South Korea, Nov. 8, 2022 /PRNewswire/ -- With WEMIX3.0, Wemade plans to move into its next stage of development, leveraging the utility of the WEMIX token to support and grow the open blockchain ecosystem. The growth of this ecosystem requires the participation of expert infrastructure providers to support the network through this next stage, in order to maintain a solid foundation for the success of various DApps and platforms that will be built on WEMIX Mainnet. Figment, the leading blockchain infrastructure company, is joining the WEMIX3.0 40 WONDERS, as 'WONDER 14,' a WEMIX3.0 Mainnet Node Council Partner (NCP). As the validators and governing body of the ecosystem, Figment and other NCPs will secure the stability of WEMIX3.0 Mainnet and contribute to the growth of the ecosystem. About WEMIX3.0 WEMIX3.0 is an experience-based, platform-driven, and service-oriented blockchain mega-ecosystem developed by Wemade and WEMIX PTE, providing services including cryptocurrency wallet (WEMIX Wallet), decentralized financial service (WEMIX.Fi), NFT platform (NILE), and the gaming platform (WEMIX PLAY). More information on WEMIX3.0 can be found on the official website . About Wemade Wemade is a pioneer in game development from Korea. The company's focus is ever-shifting towards blockchain technology with an emphasis on personalizing the gaming experience. Wemade strives to transform everyday games with blockchain technology and establish its WEMIX Coin as a key currency in the blockchain industry. About Figment Figment is the world's leading provider of blockchain infrastructure. Figment has a client base of over 200 institutions including direct token holders at venture capital firms, hedge funds, family offices and founding teams as well crypto service providers such as wallets, exchanges, custodians, and asset managers. Our clients rely on Figment to provide best in class staking service including rewards optimization, rewards reporting, governance, and slashing insurance on an industry leading 60+ protocols. Being at the forefront of Web3 development, Figment also enables companies to build applications seamlessly on an extensive network of blockchain protocols. Figment is backed by industry experts, financial institutions, and most recently valued at $1.4bn from leading private equity firm Thoma Bravo. Figment's 200+ team across 23 countries are focused on supporting our mission to support the adoption, growth and long term success of the Web3 ecosystem. To learn more about Figment please visit our website at www.figment.io . SOURCE Wemade Co., Ltd

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 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 Avon Ventures, StarkWare, B Capital Group, Binance Labs, Morgan Stanley and 21 more.

  • Who are Figment's competitors?

    Competitors of Figment include QuikNode, Mosdex, Cybavo, InfStones, Blockdaemon, StakeWise, Staked, Solana Labs, Finoa, Bison Trails and 12 more.

  • What products does Figment offer?

    Figment's products include Staking.

Compare Figment to Competitors

Blockdaemon Logo
Blockdaemon

Blockdaemon is a blockchain deployment facilitator that commodifies private blockchain setups so that enterprises can focus on developing large scale distributed systems. The company was founded in 2016 and is based in Los Angeles, California.

HashQuark Logo
HashQuark

HashQuark, a member of HashKey Group, is a staking+ ecosystem service provider focusing on public chains built upon the likes of PoS and DPoS. With HashQuark, token holders simply need to store tokens into their accounts and receive staking rewards in return.

Finoa Logo
Finoa

Finoa operates as an institutional-grade digital asset banking​ provider in the era of tokenization and offers hot storage custody and brokerage services.

Aegis Custody Logo
Aegis Custody

Aegis Custody is a digital asset management solution designed for institutions. It provides security through an easy to use cold storage experience, combining on chain multi signature hardware wallets with flexible off chain business logic.

InfStones Logo
InfStones

InfStones provides cloud management services and security solutions for blockchain infrastructure. It is dedicated to bringing down the barriers to connecting with the blockchain, allowing clients to quickly build their applications on a large variety of blockchain networks. The company was founded in 2018 and is based in Palo Alto, California.

StakeWise Logo
StakeWise

StakeWise offers liquid ETH2 staking, allowing users to continue using their locked ETH in DeFi.

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