Figment Joins the Blockchain Association to Advocate for the Future of Digital Asset Staking

Today, Figment, the leading independent staking infrastructure provider with over $15B in staked assets, announced it is joining the Blockchain Association, the leading trade association for the cryptocurrency industry in the United States.

World’s Largest Staking Provider Joins Forces with U.S. Crypto Trade Association, Highlighting Institutional Focus on Staking, Protocol Staking Continues to Gain Momentum, Especially in U.S. Institutional Markets

Today, Figment, the world’s largest independent staking infrastructure provider, announced it is joining the Blockchain Association, the leading trade association for the cryptocurrency industry in the United States. This institutional focus on staking comes at a time when the U.S. continues to lead in digital asset adoption, with over 46 million Americans owning cryptocurrency. Of particular note is the institutional interest in staking, a critical component in the architecture of Proof-of-Stake (PoS) networks. Figment’s membership in the Blockchain Association will amplify this institutional聲音 in the ongoing policy conversations.

Figment’s institutional staking services have played a pivotal role in facilitating the entry of traditional finance institutions into the staking ecosystem. This institutional interest in staking has been fueled by the growing accessibility of PoS networks and the increasing demand for yield-generating opportunities in a low-interest rate environment. As a result, institutions are rapidly shifting their focus toward staking, seeking to capitalize on the unique opportunities presented by decentralized finance (DeFi).

Figment’s entry into the Blockchain Association will strengthen the institutional voices advocating for clear regulatory frameworks for staking, especially in the context of exchange-traded products (ETPs). This collaboration will also highlight the importance of considering staking derivatives in the regulatory framework for digital assets.

Figment’s institutional staking services are set to benefit further from the Biden administration’s recent approval of cryptocurrency provisions in the America COMPETES Act, paving the way for greater institutional adoption of staking. This move is expected to accelerate the integration of staking in traditional finance and open up new possibilities for institutional participation in the digital asset ecosystem.

Figment’s institutional staking services have played a pivotal role in facilitating the entry of traditional finance institutions into the staking ecosystem. This institutional interest in staking has been fueled by the growing accessibility of Proof-of-Stake (PoS) networks and the increasing demand for yield-generating opportunities in a low-interest rate environment. As a result, institutions are rapidly shifting their focus toward staking, seeking to capitalize on the unique opportunities presented by decentralized finance (DeFi).

Figment’s entry into the Blockchain Association will strengthen the institutional voices advocating for clear regulatory frameworks for staking, especially in the context of exchange-traded products (ETPs). This collaboration will also highlight the importance of considering staking derivatives in the regulatory framework for digital assets.

Figment’s institutional staking services are set to benefit further from the Biden administration’s recent approval of cryptocurrency provisions in the America COMPETES Act, paving the way for greater institutional adoption of staking. This move is expected to accelerate the integration of staking in traditional finance and open up new possibilities for institutional participation in the digital asset ecosystem.

"We are excited to welcome Figment as a member of the Blockchain Association. As the U.S. moves into a new era for digital assets, establishing regulatory clarity around staking will be critical. We look forward to the Figment team lending their expertise to these policy conversations in DC."

Kristin Smith, CEO at Blockchain Association

As a member of the Blockchain Association, Figment will strengthen its position as a trusted voice in shaping the future of digital asset infrastructure. This membership enhances the company’s ability to serve its 700+ institutional clients while contributing to the development of responsible industry standards.

Figment continues to educate American policymakers on staking’s critical importance in securing and decentralizing Proof-of-Stake (PoS) networks. Having reached a $633 billion market cap, PoS networks are noteworthy for offering a more sustainable alternative to energy-intensive Proof-of-Work mining. The approval of Ethereum in ETFs in May 2024 marked another significant milestone for Proof-of-Stake networks.

The entire Figment team is energized to bring its staking expertise to the Blockchain Association’s agenda at this critical moment for the future of the nation’s crypto policy. Beyond navigating the hopeful addition of staking to ETPs, Figment is also helping traditional banks and brokerages navigate the opportunities of staking within regulated financial institutions made possible through SAB 122.

“Protocol staking is the backbone of blockchain security, ensuring network integrity and decentralization. Figment is thrilled to join the Blockchain Association, to align with industry leaders to further this message and advocate for a thriving, secure, and decentralized future.”

Jennie Levin, Chief Regulatory & Strategy Officer

About Blockchain Association

The Blockchain Association is the unified voice of the cryptocurrency industry. Their members include the sector’s leading investors, companies, projects, and protocols, working together to support a future-forward, pro-innovation national policy and regulatory framework for the crypto economy. For more information, users can visit the blockchainassociation.org.

About Figment

Figment is the leading provider of staking infrastructure. Figment provides the complete