Figment Witness Growth Amid Launch of Ethereum and Solana Staking ETPs ๐
Institutional staking infrastructure provider Figment experienced significant growth in the first quarter of 2024, attributing it to the launch of Ethereum and Solana staking ETPs. The firm reported:
โ Fivefold growth compared to Q1 2023
โ Over $15 billion in staked assets under management
โ Serving over 500 institutional clients
Figmentโs European Expansion ๐
During the quarter, Figment expanded its presence by establishing Figment Europe Ltd in the UK. Additionally:
โ Collaborated with Apex Group to launch Ethereum and Solana staking ETPs on the SIX Swiss Exchange
โ Introduced Ethereum Plus Staking Rewards (ETHF) and Solana Plus Staking Rewards (SOLF) products
โ Added validators in Ireland to prevent double signing and slashing events
Future Plans for Figment ๐
Building on their Q1 success, Figment is focused on expanding further with the introduction of Figment Vaults and Ethereum restaking capabilities:
โ Figment Vaults to simplify institutional ether staking without pooling assets
โ Clients can select the geographical location of their validators
Hot Take: Figment Set for Stellar Growth in 2024 ๐ฅ
As Figment continues to innovate and expand its services, the future looks promising for the institutional staking infrastructure provider. With a solid foundation and a client-centric approach, Figment is well-positioned for continued growth and success in the evolving blockchain landscape.
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