Figment

Figment is a staking company. It runs validators, the computers that check and confirm trades on chains such as Solana and Ethereum. People who back a validator with their coins earn rewards. Figment runs the machines so that funds, banks and wallets do not have to.

Figment never holds your coins. You keep the keys, and you can pull your stake out when you choose. This is what "non-custodial" means.

Figment started in 2018. It says it serves more than 1,500 large clients on more than 30 chains. On Solana it is one of the biggest validator firms, and Morgan Stanley uses it for its SOL and Ether funds. Figment has no token of its own.

How Figment staking works

Figment staking works by delegation. You point your coins at a Figment validator. The validator does the work, the chain pays rewards, and Figment keeps a small cut. Your coins stay in an account that you control the whole time.

On Solana, each stake sits in its own stake account. That account has two keys. One key picks the validator. The other key, the withdraw key, moves the SOL out. Figment's Solana staking page says the withdraw key stays with you. A validator cannot move or spend your SOL.

Figment makes money from a fee on rewards. On Ethereum, the Figment staking app spells the fee out. You keep all of the base rewards. When your validator builds a block, Figment takes 10% of what that block earns. Say a block earns 0.1 ETH in tips. Figment keeps 0.01 ETH and you keep the rest.

Figment Solana staking: validator, rewards and unstaking

Figment's Solana validator pays rewards once per epoch, which is about every two days. New stake takes about the same time to start earning. Unstaking can take up to six days. These times come from Figment's Solana page, which also lists a small minimum stake of just over one SOL.

Most rewards are added to your stake for you, so they compound. There is one catch. Tips paid through Jito JTO$0.446-4.8%, which lets traders pay for a place in the queue, must be claimed by hand.

Figment posts a report on its Solana validator each quarter. In the report for the second quarter of 2026, Figment said its validators held about 7% of all staked SOL. It also said its reward rate beat the network average by a small margin. That rate is before Figment's fee, so it is not what you take home.

The software behind the validator has changed over time. In November 2025, Figment said it had moved to Frankendancer, an early form of Firedancer. The latest quarterly report says the validator took up the Rakurai client in March 2026. If Rakurai's block builder is turned off, the validator drops back to the standard Agave-Jito client and keeps running.

The same report says Figment has servers in six countries. It also says Figment is a Phase 1 operator on DoubleZero 2Z$0.031-6.3%, a private fibre link built for validators.

Figment's report expected Solana's Alpenglow upgrade by the end of August. That date slipped. Alpenglow reached testnet in late September 2026, with no mainnet date set at that point.

The validator's vote account is CcaHc2L43ZWjwCHART3oZoJvHLAe9hzT2DJNUpBzoTN1.

How to stake SOL with Figment: app, Ledger Live and MetaMask

You can stake SOL with Figment in four ways. You can use Figment's own app. You can use a wallet that lists Figment. You can stake from a custodian, a firm that holds coins for clients. Or you can buy a fund that stakes with Figment. With the first three, the SOL stays in an account you control.

Wallets are the easy route for most people. Ledger lists Figment inside Ledger Live. Figment's Ledger guide says you can start with about five dollars of SOL. MetaMask added SOL staking with Figment in July 2025, with no minimum.

Big clients tend to stake from custody. Clients of Coinbase cbBTC$81,720.65+0.5% Prime have been able to stake SOL with Figment since October 2025, The Block reported. Figment's site also names Fireblocks, Anchorage, Copper and BitGo as partners. Ripple Custody added Figment staking for Ethereum and Solana in February 2026.

You may want to weigh Figment against other validators first. Solana Compass lets you compare validators by fee and uptime.

Staking API, white-label staking and Elements for developers

Figment also sells its validators as parts that other firms can build on. An exchange or wallet can offer staking under its own name while Figment runs the validators behind it. Three products do this job: white-label staking, the Staking API, and a set of ready-made screens called Elements.

The Staking API builds each staking transaction for you. You then sign it and send it. Figment's SOL omnibus staking guide shows how a platform with one wallet and many users can do this. The platform groups each day's requests, then makes and merges stake accounts. When a user leaves, it splits off their share and pulls it out. A rewards endpoint gives the numbers the platform needs to pay each user.

Elements is a kit of screens that drop a staking flow into your app. Its docs list Ethereum, Solana and Babylon. You need an app ID from Figment to use it.

Figment sells staking data and rewards reports too. In October 2025 it bought Rated Labs, a firm that tracks how validators perform, The Block reported.

Stablecoin Staking Yield and Figment liquid staking

Figment has two products that go beyond plain staking. Stablecoin Staking Yield pays a return on stablecoins, and that return comes from Solana staking. Liquid staking gives Ethereum stakers a token, LsETH, that they can trade or lend while their ETH stays staked.

Stablecoin Staking Yield launched in November 2025 with a partner, OpenTrade, Cointelegraph reported. Figment's product page explains how it works. You put stablecoins into a vault. The product stakes SOL and also places a bet that SOL will fall. The bet cancels out moves in SOL's price, so what is left is the staking return. Figment runs the validator and OpenTrade runs the trade.

The product is for large clients only. Getting your money out takes three to five business days. The page warns that your principal is at risk. In September 2026, OpenTrade said the product now takes USDT as well as USDC.

Figment's liquid staking page covers Ethereum only. It says clients outside the US who pass ID checks can stake ETH and mint LsETH in the Figment app. Figment has no liquid staking token for SOL.

Who is Figment staking for?

Figment is built for big clients: fund managers, exchanges, custodians, wallets and foundations. These firms need a named partner with audits behind it, and reports their accountants can use. If you run a fund or a product that wants to offer staking without running validators, Figment is aimed at you.

Fund issuers are a growing share of that. Morgan Stanley named Figment as a staking provider for its Solana Trust (MSOL) and Ethereum Trust (MSSE). Both began trading on NYSE Arca on 28 July 2026, Pulse 2.0 reported. We covered the funds' first inflows at the time. In August 2026, the Japanese exchange Bitbank chose Figment for its Ether staking service.

You can also use Figment as one person, through Ledger Live or MetaMask. It works like staking with any other Solana validator. The limits show up in other places. Staking ETH in the Figment app needs 32 ETH. The stablecoin product and slashing cover are sold to big clients. And if you want a liquid staking token for SOL, Figment does not have one.

Is Figment staking safe? Custody, slashing and other risks

Figment cannot move your coins, and it says it has never been slashed. Slashing is a fine that some chains take from a validator's stake when the validator breaks the rules. The risks that remain are the same as with any staking. Your coins are locked for a while, rewards change, and the coin's price can fall.

Solana does not have slashing switched on, per Figment's Solana page. So on Solana, the main thing you can lose is rewards, if a validator runs badly. On chains that do slash, Figment's site lists three tiers of slashing cover. Ethereum clients can also buy extra cover through Nexus Mutual.

Figment says it holds two security standards, SOC 2 Type II and ISO 27001. Both are outside checks on how a firm runs its systems. They do not promise rewards, and they do not cover a fall in price.

Signing is where things can still go wrong. Once you sign a staking transaction, you cannot undo it. So you need to be sure that what you sign is what you meant to sign. In a September 2026 post, Figment said it stamps each transaction it builds so that clients can check it. It also has a tool that turns a raw transaction into plain steps you can read. The post points to a 2025 attack on another staking firm. Figment said its own systems were not hit.

Size is a risk for the network more than for you. Figment's validators held about 7% of staked SOL in Q2 2026, by its own count. Its Bitbank post puts its share of staked ETH at about 6%. When a few large firms hold a lot of the stake, a chain is less spread out.

The stablecoin product has risks that plain staking does not. It adds a futures trade, a custodian and a manager. Figment's page lists market, protocol and counterparty risk.

Figment vs Chorus One, Kiln and other staking alternatives

Figment's closest rivals are other large validator firms, such as Chorus One, Kiln and Everstake. Each runs validators on many chains and sells to funds, custodians and wallets. Search data shows that people most often weigh Figment against Chorus One, often when they pick a validator in Ledger Live.

You can check most of what sets them apart. Look at the fee each validator takes. Look at its uptime and how many blocks it misses. See which wallets and custodians it works with, and what reports you get. On Solana, each validator's fee and record are public on the chain.

A liquid staking token is a different kind of choice. You can trade it or borrow against it while the SOL behind it keeps earning. The cost is that you rely on a smart contract. Figment does not issue one for SOL. Our stake pools page lists the ones that exist.

Solana Compass runs a Solana validator and a liquid staking token too. That makes us a rival to Figment for SOL stake. Our staking page explains what we offer.

Is there a Figment token? Company history

There is no Figment token. Figment runs validators and sells services, so there is no coin to buy and no airdrop to claim.

Figment was founded in 2018 and is based in Canada. It says it has run validators on Solana and on Ethereum's proof-of-stake chain since each one launched.

The firm has since grown past plain validators. It bought Rated Labs in October 2025. Hedgeweek named it Staking Services Provider of the Year in June 2026. On 16 September 2026 it began to run validators for clients on Arc, a new chain built for stablecoin payments.