Figment Networks, Inc.
Headquarters
Toronto Canada
About us
To support the adoption, growth, and long-term success of the digital asset ecosystem.
Figment provides staking infrastructure for institutional crypto clients, helping them earn rewards on digital assets without giving up custody. The company serves over 1,000 institutions including asset managers, exchanges, custodians, wallets, and foundations, managing more than $15 billion in staked assets. As the largest non-custodial staking provider for Ethereum and Solana, Figment offers point-and-click staking, API integrations, portfolio tracking, and slashing protection across 30+ proof-of-stake protocols. The team of under 200 operates fully remote across 23 countries, with offices available in Toronto, New York, London, and Singapore for those who want them.
Products
The core platform provides non-custodial staking across 30+ protocols including Ethereum, Solana, and Polkadot. Institutions get seamless staking with slashing protection, audited infrastructure, and portfolio reward tracking through dashboards and CSV exports. Figment's APIs let clients integrate staking directly into their own products and platforms. The company also offers white-label validator solutions for institutions that want to brand their own staking infrastructure, plus restaking and liquid staking options for more advanced yield strategies.
Funding
Figment has raised approximately $275 million across multiple rounds since 2018. The company closed a $110 million Series C in December 2021 led by Thoma Bravo, with participation from Bitstamp, Avon Ventures, and ParaFi Capital. Earlier in 2021, Figment raised $50 million in Series B funding led by Senator Investment Group and Liberty City Ventures, with Galaxy Digital and Anchorage Digital participating. The December 2021 valuation was reported between $1.29-1.4 billion.
Recent news
In March 2026, Figment was selected by BlackRock to provide validator infrastructure for the iShares Staked Ethereum Trust ETF (ETHB), a significant endorsement of its institutional-grade staking platform.
Technology
Backend services run on Ruby on Rails with PostgreSQL for data management. Infrastructure uses AWS and Kubernetes for hybrid cloud operations, with Ansible for automation and Datadog for monitoring. Salesforce serves as the CRM of record with custom objects and reporting. Analytics relies on PostHog and Tableau, with newer adoption of Claude and other AI tools for workflow automation. Frontend development uses JavaScript, HTML5, and CSS3 with Webpack bundling, plus Varnish and Fastly for performance optimization.
Benefits
Figment operates 100% remote-first with 4 weeks PTO plus 1 flex week starting day one. Health, dental, and vision coverage begins immediately, with best-in-class parental leave and flexible arrangements. Remote work gets supported through home office stipends and monthly WiFi reimbursement. There's a yearly learning budget, 401K/RRSP matching, stock options, and bi-annual performance bonuses. The team gathers for annual retreats in cities like Montreal and Miami. Culture emphasizes transparency, career development, and async communication.