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Figment Inc.
Figment Inc. provides digital asset staking infrastructure for institutions. Assets staked on its platform exceed $15 billion. It is a registered entity.
Figment Inc.
Figment Inc. provides digital asset staking infrastructure for institutions. Assets staked on its platform exceed $15 billion. It is a registered entity.
General information
Firm type
Digital Asset Staking Infrastructure
Year founded
2018
AUM
$15B+
Location
Region
North America
Country
United States
City
New York
Corporate office
New York, NY, United States
Additional offices
San Francisco, CA, United States · Toronto, ON, Canada · Singapore
Principals
Lorien Gabel
CEO & Co-Founder
Andrew Cronk
CTO & Co-Founder
Matt Harrop
President & Co-Founder
Sector focus
Frequently asked questions
How does Figment generate revenue?
Figment charges a fee on staking rewards earned by client tokens. The fee varies by network and client size, typically ranging from 5% to 15% of staking yield. The firm does not charge management fees or performance fees on a fund structure.
Is Figment a custodian?
No. Figment is non-custodial — it never holds client private keys. It connects to wallets held by third-party custodians, such as Coinbase Custody, Fireblocks, and BitGo, and operates validators that sign on the client’s behalf.
Who are Figment's typical clients?
Figment serves institutional clients including asset managers, hedge funds, crypto exchanges, venture capital firms, and foundations. The firm has over 60 such clients globally.
What blockchains does Figment support?
Figment supports over 60 proof-of-stake networks including Ethereum, Solana, Polkadot, Cosmos, Avalanche, Polygon, and NEAR Protocol. It adds support for new networks on an ongoing basis based on client demand.
Who runs Figment?
Figment is led by CEO and co-founder Lorien Gabel. Co-founders Andrew Cronk (CTO) and Matt Harrop (President) also hold executive roles. The firm is backed by Thoma Bravo, which led a $110M Series C in 2022.
Does Figment offer liquidity staking derivatives?
Yes, through its product Figment Learn, which issues liquid staking tokens that represent staked positions on select networks, allowing clients to maintain liquidity while earning staking rewards.
Is Figment subject to regulatory oversight?
Figment operates under applicable securities and data security regulations in jurisdictions where it has offices, including the US and Canada. The firm has not disclosed formal registration as a custodian or broker-dealer, consistent with its non-custodial model.
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