Figment has acquired UK-based Rated Labs to enhance its institutional staking data offerings, aligning with its $200 million acquisition strategy.
This acquisition highlights Figment’s commitment to transparency and may prompt increased institutional investment in staking, affecting assets like Ethereum, Solana, and Cosmos.
Figment has acquired Rated Labs, a firm known for its expertise in validator and staking data. This acquisition aims to enhance Figment’s institutional staking capabilities, supported by its larger strategy to invest up to $200 million in targeted acquisitions.
Founded in 2022, Rated Labs specializes in blockchain analytics across Ethereum, Solana, and other networks. Figment’s leadership, including Lorien Gabel, prioritizes maintaining independence while expanding institutional stakeholder trust through enhanced data offerings.
Figment’s $200 Million Acquisition Strategy Unveiled
Figment has acquired Rated Labs, a firm known for its expertise in validator and staking data. This acquisition aims to enhance Figment’s institutional staking capabilities, supported by its larger strategy to invest up to $200 million in targeted acquisitions.
Founded in 2022, Rated Labs specializes in blockchain analytics across Ethereum, Solana, and other networks. Figment’s leadership, including Lorien Gabel, prioritizes maintaining independence while expanding institutional stakeholder trust through enhanced data offerings.
Institutional Stakeholders Boosted Amid Figment-Rated Deal
The acquisition is expected to boost Figment’s position in the institutional staking market. No immediate changes in total value locked were observed, yet integration with clients like Grayscale and Fireblocks signifies emphasis on trust and transparency.
Institutional players could witness enhanced risk management in staking processes. The absence of immediate market fluctuations in associated assets suggests a focus on long-term benefits rather than short-term market shifts, with past trends indicating positive outcomes.
Following Kraken, Ripple: Figment Adopts Industry Trend
This move aligns with recent consolidation trends in the cryptocurrency industry, similar to acquisitions by Kraken and Ripple. Such mergers typically drive institutional adoption and diversification of services, expanding influence in the blockchain sphere.
Experts from Kanalcoin highlight that expanded analytics capabilities could improve transparency and reliability for institutional clients. Historical precedents indicate potential for increased stakeholder engagement and enhanced compliance, driving future collaborations.
“Beyond returns, staking in ETPs enables holders to participate in securing and processing transactions for the blockchain. Figment provides institutions like Grayscale the trust, transparency, and feasibility to bring staking to their customers.” – Lorien Gabel, CEO, Figment
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