Figment

Figment is an institutional-grade staking infrastructure provider that enables asset managers, exchanges, custodians, wallet providers, and crypto foundations to generate yield across 40+ proof-of-stake blockchain networks through non-custodial delegation, white-label integrations, and developer APIs — without Figment ever taking custody of client assets.

Core Mechanism

Figment operates validator infrastructure on behalf of institutional clients. Stakers delegate to Figment's validators while retaining full self-custody: the wallet's withdrawal authority remains with the client at all times. Figment's validators participate in consensus, earn block rewards, and distribute them per epoch. On Solana, rewards auto-compound at the protocol level, though MEV rewards earned through the Jito client require manual claiming. Figment earns a commission from validator rewards and offers optional slashing coverage across three service tiers for networks where slashing is active.

The company has reported more than $15 billion in assets staked through its infrastructure. It has been operating since 2018 and was named Staking Services Provider of the Year by Hedgeweek in June 2026.

Key Products and Services

Non-custodial staking is Figment's core offering: point-and-click delegation for institutional clients who want yield without giving up asset control. Clients access a staking dashboard with portfolio-level rewards tracking.

White-label staking integration allows exchanges, custodians, and wallet providers to offer staking under their own brand, powered by Figment's validator infrastructure and APIs behind the scenes.

Liquid staking and restaking are also offered, covering protocols such as EigenLayer for Ethereum restaking.

Staking API provides developer endpoints for staking flows, rewards retrieval, and accounting statements across supported networks. It is documented through Figment's developer portal and targets teams building staking features into their own applications.

Elements UI Library is a React component library that provides embeddable staking widgets — including staking flows, rewards tracking, and transaction activity — that developers can integrate directly into their applications. Elements additionally supports Babylon for Bitcoin staking.

Slashing coverage is available in three tiers for networks where slashing is a risk. Solana does not currently have slashing enabled, so this coverage applies primarily to Ethereum and other PoS networks.

Rewards reporting dashboards allow institutional clients to generate statements suitable for accounting and compliance workflows.

Solana Infrastructure

Figment is a prominent Solana validator and publishes quarterly Solana validator reports as part of its research output. The Figment Solana validator vote account is CcaHc2L43ZWjwCHART3oZoJvHLAe9hzT2DJNUpBzoTN1, with identity Fd7btgySsrjuo25CJCj7oE7VPMyezDhnx7pZkj2v69Nk.

Current Solana staking reward rates are approximately 5.25%, paid per epoch (roughly every two days) and compounded automatically at the protocol level. The minimum delegation is 1.1 SOL. Activation takes approximately two days; the unstaking withdrawal period runs two to six days. Solana does not have slashing, so stakers face no slashing risk when delegating to Figment or any other validator.

Figment runs Firedancer-powered validators on Solana, with Agave serving as an automated failover, supported by a 24/7 DevOps team. Validators are distributed across six countries and more than ten data center locations. Figment is a Phase 1 operator on DoubleZero, a dedicated fiber network built specifically for Solana validators to reduce and stabilize latency.

The company is actively preparing for Solana's Alpenglow upgrade, which replaces the Tower BFT and Turbine consensus architecture with Votor and Rotor to substantially reduce finality times.

Security and Compliance

Figment is SOC 2 certified. On-chain billing is handled through audited smart contracts. The platform reports a 99.8% validator participation rate on Ethereum, reflecting the operational reliability standards the team applies across networks.

Notable Clients and Partnerships

Figment's institutional client list includes Blockchain.com, Ledger, FalconX, Copper, Fireblocks, Anchorage, Bitbuy, Binance US, and BitGo.

In July 2026, Morgan Stanley Investment Management selected Figment as a staking provider for its new Ether and SOL exchange-traded products, representing a significant institutional endorsement. Ripple Custody also partners with Figment to allow banks to offer Ethereum and Solana staking without operating their own validator infrastructure.

History and Background

Figment was founded in 2018 and is headquartered in Canada. The company positioned itself early as infrastructure-first, focusing on validator operations rather than token issuance or protocol development. It does not issue its own token.

Fit in the Solana Ecosystem

Within the Solana ecosystem, Figment operates as a high-performance validator and institutional staking gateway. It participates directly in Solana consensus, contributes to network decentralization through multi-region validator deployments, and publishes quarterly validator reports that provide data on rewards, client diversity, and network-wide staking trends. Its adoption of Firedancer and participation in DoubleZero align it with Solana's infrastructure development trajectory. For institutional participants seeking Solana exposure — including custodians, ETF providers, and asset managers — Figment provides a compliant, audited entry point to SOL staking.