Figment, Inc.

Founded in 2018 in Toronto, Canada, Figment Inc. focuses on developing advanced digital asset staking solutions, specifically for Proof-of-Stake (PoS) networks. In October 2025, Figment, Inc. raised Venture funding from C1 Secondaries Fund.

The company is co-founded by Andrew Cronk, Lorien Gabel, Matt Harrop, and Ryan F. Lorien Gabel serves as CEO. Figment specializes in providing institutional-grade digital asset staking solutions, focusing primarily on Proof-of-Stake (PoS) networks. Their core offerings include seamless staking for assets like Bitcoin (BTC) and Ethereum (ETH), alongside comprehensive portfolio management tools, rewards tracking, and integration APIs that enhance operational efficiency for asset managers, exchanges, and custodians.

Figment’s services simplify the staking process, enabling clients to securely delegate their tokens to Figment-run validator nodes while retaining control of their private keys. The company caters to over 500 institutional clients across North America, Europe, and Asia, offering tailored staking strategies and robust on-chain data sets to optimize digital asset portfolios and maximize rewards. Figment generates revenue through its institutional staking solutions, utilizing a structured transaction model centered around partnerships and B2B engagements. Clients integrate Figment’s services to earn rewards on their digital assets while leveraging the company's technical support and infrastructure.

The revenue model includes service fees or a percentage of staking rewards earned through their platform. Key services such as staking app integrations and performance insights underpin Figment's transactional relationships with clients, resulting in consistent revenue streams. The company emphasizes security and slashing protection to attract institutional clients seeking reliable staking solutions in the digital asset landscape. Following the venture funding on October 6, 2025, by C1 Secondaries Fund, Figment plans to utilize these resources to the funding to expand operations and its development efforts.