Figment is a non-custodial staking provider serving financial institutions and large digital asset holders. This review covers supported networks, staking rewards, validator infrastructure, security, fees, custody integrations and institutional compliance requirements.
Figment is a non-custodial staking provider offering blockchain validator infrastructure, rewards management and custody integrations for financial institutions. This Figment review examines its supported networks, fees, security controls and operational risks. The service primarily targets asset managers, banks, exchanges and large token holders rather than individual investors seeking simple retail staking.
Key Takeaways
-
Institutional staking: Figment reports serving more than 1,500 institutional clients, including financial institutions, custodians, exchanges and asset managers.
-
Non-custodial infrastructure: Clients retain asset ownership and withdrawal control through their existing wallets or custody arrangements.
-
Multi-network support: Figment provides validator infrastructure across more than 30 blockchain protocols, including Ethereum and Solana.
-
Security and compliance: Figment reports SOC 1 Type II, SOC 2 Type II and ISO 27001 credentials, alongside validator monitoring and slashing protection.
Figment Review Snapshot
| Category |
Details |
| Provider |
Figment |
| Product category |
Institutional staking infrastructure |
| Main services |
Validator operations, staking APIs, rewards reporting |
| Supported networks |
Ethereum, Solana, Cosmos, Polkadot and other supported networks |
| Supported assets |
ETH, SOL, ATOM, DOT and other eligible digital assets |
| Staking fees |
Commercial pricing; individual quotations required |
| Custody |
Non-custodial staking model |
| Integrations |
Fireblocks, institutional custodians, wallets and APIs |
| Security |
Audited infrastructure, operational monitoring, slashing protection |
| Availability |
Institutional clients; subject to jurisdiction and eligibility |
| Main restrictions |
Protocol lockups, validator risks, compliance checks and integration requirements |
| Official website |
https://www.figment.io/ |
Figment positions itself as a leading provider of institutional staking infrastructure, with particular scale in Ethereum and Solana. Its services allow institutions to stake assets without operating validator nodes themselves.
Figment Features: How Do They Work?
Figment provides staking services that allow institutions to earn rewards while outsourcing validator infrastructure and operational management.
Institutional Staking Infrastructure
Figment operates blockchain validators responsible for transaction verification, block proposals and network participation.
Token holders delegate eligible digital assets or activate validators through supported custody workflows. Figment manages the underlying infrastructure, while staking rewards depend on protocol rules and validator performance.
Its services support financial institutions that require automated workflows, portfolio-level reporting, audit trails and reliable operations at scale.
Figment also provides staking APIs and management tools for clients integrating rewards into existing digital asset products.
Supported Blockchain Networks
Figment supports staking across multiple blockchains, including:
Available integration methods differ by network.
Institutions operating diversified portfolios should verify network availability, minimum staking requirements, reward calculations and withdrawal conditions before deployment.
Support for a broader range of networks helps institutional clients diversify staking activity rather than relying on one blockchain.
Fireblocks Integration and Rewards Tracking
Figment partners with Fireblocks to provide institutional staking through existing digital asset custody workflows.
Eligible Fireblocks clients can activate supported staking services through simplified interfaces or API integrations, with some workflows allowing activation within minutes.
Fireblocks provides wallet infrastructure, transaction authorization policies and custody-related controls. Figment manages validator operations.
Institutions can monitor rewards, track validator performance and access reporting information needed for accounting and internal reviews.
The partnership supports operational separation between asset custody and staking infrastructure, helping institutions maintain control while managing staking activity.
Institutional Growth and Expanding Market Access
Figment's institutional services extend beyond direct validator operations. Its partnerships with custody providers and exchanges support the expanding market for regulated digital asset staking.
In 2026, Figment announced collaborations involving Ripple Custody, Curvegrid in Japan and KODA in South Korea. These arrangements support broader access to staking infrastructure through established institutional platforms.
The company's infrastructure team also supports protocol upgrades, validator optimization and network monitoring as institutional adoption grows.
The shift toward mainstream staking services reflects demand from banks, asset managers and exchanges seeking to offer staking without building independent validator operations.
Figment Fees and Pricing
Figment does not publish a universal institutional fee schedule covering every supported blockchain and service configuration.
Pricing generally requires a commercial quotation based on the network, staking volume, integration requirements and service agreement.
| Fee Type |
Explanation |
| Validator service fee |
Agreed commercial charge or reward-based commission |
| Blockchain transaction fee |
Network costs associated with staking transactions |
| Custody fee |
May apply through a separate custody provider |
| Integration costs |
Depend on contractual and technical requirements |
| Unstaking costs |
Protocol-dependent transaction costs and waiting periods |
Staking rewards are not guaranteed. Actual returns depend on network conditions, validator performance, commissions and protocol economics.
Institutions should review gross rewards, net rewards, penalties and contractual fees before comparing providers.
Figment Security and Asset Control
Figment uses a non-custodial architecture, meaning clients generally maintain ownership and withdrawal control over their digital assets.
Validator signing keys and withdrawal credentials serve different purposes. Institutions should confirm who controls each key and which transactions require authorization.
Ensuring security requires more than protecting private keys. Institutional clients must also examine infrastructure resilience, access permissions, monitoring procedures and incident-response arrangements.
Infrastructure Security and Slashing Protection
Figment reports audited infrastructure and security credentials, including SOC 2 Type II, ISO 27001 and SOC 1 Type II.
Its institutional security model emphasizes validator monitoring, infrastructure redundancy, operational controls and slashing protection.
Ethereum validator selection involves assessing uptime, signing-key security, missed attestations and penalty history.
Slashing occurs when a blockchain penalizes specified validator misconduct, potentially reducing staked capital.
Institutions should examine the contractual coverage of slashing protection, including exclusions, compensation limits and claims procedures.
Operational due diligence should also examine whether providers can sustain availability above 99.9%, maintain low missed-block rates and avoid single points of failure. These are evaluation benchmarks, not guaranteed Figment performance figures.
Figment's Q3 2026 Ethereum validator report recorded a 99.99% average participation rate and zero double-sign slashing events during the reporting period. Historical performance does not guarantee future results.
Custody and Regulatory Compliance
Through Fireblocks and other custody integrations, institutions can stake assets while retaining their established authorization and custody arrangements.
Qualified custodians may provide additional safeguards, although custody status depends on the specific entity and jurisdiction.
Banks, asset managers and other regulated clients must independently evaluate KYC/AML requirements, fiduciary obligations, accounting treatment and local staking regulations.
Institutional agreements should clearly define asset ownership, liability allocation, validator responsibilities and withdrawal rights.
A secure staking arrangement should also provide clear compliance requirements, transaction records, administrator permissions and independent oversight.
Figment Limitations and Risks
Figment's institutional focus creates several limitations.
Limited retail accessibility: Its services are primarily designed for professional organizations rather than casual cryptocurrency holders.
Liquidity restrictions: Native staking may involve activation periods, withdrawal queues or unbonding delays. Institutional treasuries must account for these limitations when planning asset management and trading activities.
Validator risk: Downtime, missed attestations or incorrect validator operations can reduce rewards or trigger penalties.
Variable returns: Staking rewards fluctuate with protocol rules, validator performance and market conditions.
Compliance complexity: Institutional clients remain responsible for regulatory obligations and internal governance.
Integration requirements: Some workflows require compatible custody infrastructure, technical support and contractual onboarding.
Third-party dependencies: Custody integrations and compliance screening providers can affect operations. In November 2026, Figment reported delays affecting new Ethereum staking deposits and top-ups following a third-party Chainalysis screening issue. Figment stated that existing customer assets and rewards were unaffected.
Staking risks and challenges also include asset-price volatility, slashing and temporary restrictions on withdrawals.
Native staking and liquid staking introduce different liquidity and smart-contract exposures. Institutions should assess these separately rather than assuming that liquid staking eliminates underlying risks.
Figment vs Alternatives
Figment competes with institutional staking platforms offering validator infrastructure, custody integrations and rewards management.
| Feature |
Figment |
Kiln |
Allnodes |
| Primary focus |
Institutional staking |
Institutional and integrated staking |
Node hosting and staking |
| Custody model |
Non-custodial |
Non-custodial |
Non-custodial options |
| Blockchain coverage |
Multi-network |
Multi-network |
Multi-network |
| API integration |
Yes |
Yes |
Service-dependent |
| Institutional reporting |
Yes |
Yes |
Service-dependent |
| Pricing |
Contract-based |
Product-dependent |
Published and service-dependent pricing |
| Main limitation |
Institutional onboarding |
Product and network conditions |
Different service and support scope |
Kiln offers a comparable institutional staking platform with API integrations, validator infrastructure and rewards reporting.
Allnodes provides staking and node-hosting services, although its commercial model and operational support differ from Figment's institutional offering.
Providers should be compared using net rewards, custody compatibility, service-level agreements, security certifications, insurance or compensation provisions, and withdrawal arrangements.
How This Review Was Conducted
This Figment review uses publicly available company documentation, custody integration materials, security disclosures and competing provider information reviewed on November 10, 2026.
Primary references include Figment's official company information, Figment's security controls, Figment's Q3 2026 Ethereum validator report and Kiln's institutional staking documentation.
Additional materials include Figment's institutional expansion in Japan and its public service status page.
Provider-reported client counts, certifications and market-position claims are identified as company disclosures rather than independently audited figures.
No funded staking transactions, private account testing or independent infrastructure penetration testing were performed. Commercial agreements, fee quotations and customer-specific service levels were not independently examined.
This review contains no paid rating or endorsement.
FAQ
What fees does Figment charge?
Figment uses institutional commercial pricing rather than one publicly standardized fee. Clients should request quotations covering validator commissions, integration expenses, custody charges and network transaction fees.
Which assets or networks does Figment support?
Figment supports more than 30 blockchain protocols, including Ethereum, Solana, Cosmos, Polkadot and Avalanche. Supported assets and staking workflows vary according to the blockchain and custody integration.
How does Figment handle security or custody?
Figment operates non-custodial validator infrastructure while clients retain asset ownership and withdrawal control through compatible custody arrangements. It reports independent security certifications, monitoring and slashing protection, subject to contractual terms.
What are the main limitations of Figment?
Figment primarily targets institutions, requires commercial onboarding and cannot eliminate protocol penalties, market volatility or withdrawal delays. Clients must also assess custody integration, pricing and regulatory requirements.
Disclaimer: This article is for educational and informational purposes only and does not constitute financial, investment, trading or legal advice. Staking involves market, liquidity, validator, custody, operational and regulatory risks. Staking rewards are variable and capital losses are possible.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
