Figment Manages $15 Billion in Assets and Expands into Asia
Lorien Gabel, co-founder of Figment, has established significant internet infrastructure companies and recognized the potential of proof-of-stake networks in 2018. Figment has emerged as a leading independent staking provider, managing $15 billion in assets and serving over 500 institutional clients.
- Figment focuses on enabling users to stake tokens without centralized exchanges.
- The company aims to expand into Asia, with new offices in Singapore, Japan, and Hong Kong.
- Asia's diverse regulatory environments pose challenges for adoption compared to North America.
- Institutional interest in staking is rising, particularly from banks and telecoms.
- Figment evaluates new tokens based on legitimacy, project strength, and demand.
- Staking offers security and reliability, akin to a 10-year Treasury bond, appealing to institutions.
- Emerging trends include liquid staking and Bitcoin staking innovations.
Gabel emphasizes the importance of compliance and understanding local markets when expanding in Asia, aiming for careful scaling and education about staking among potential clients.