Crypto.com Broadens Its Institutional Services through Integration of Figment's Staking Infrastructure into Its Regulated Safekeeping Solutions
In a significant stride, Crypto.com joins forces with Figment, a top-tier institutional staking provider, to bolster its custody infrastructure for professional investors. This partnership is a game-changer in the crypto world, providing institutions with a secure and reliable space to stake their digital assets.
As the digital asset market expands, there's a surging demand for robust, regulated platforms that can cater to institutional investors' needs. Crypto.com, with a global user base exceeding 140 million, is carving out its niche as a pioneer in crypto services. By introducing secure staking capabilities backed by top-grade custody infrastructure, Crypto.com is setting new standards in institutional-grade staking solutions.
Since Figment is a leading validator and staking infrastructure provider, this partnership adds substantial value to Crypto.com's offerings. Institutional clients can now stake their crypto coins with certainty, knowing they are backed by rigorous compliance protocols and a trusted custody solution endorsed by major institutions.
What's in Store for Institutional Clients?
With this partnership, institutional clients can stake their digital assets via Crypto.com's custody platform. At the core of this integration is the Crypto.com Custody Trust Company, a New Hampshire Banking Department-regulated custodian. This custody service offers superior protection and segregated accounts, making it ideal for institutions with specific compliance obligations. This collaborative venture offers two staking models:
1. Omnibus Staking via Exchange Wallets
Optimized for users who prioritize simplicity and speed, this model allows for efficient staking via exchange-based wallets. It provides operational ease without compromising on performance.
2. Direct Staking from Segregated Custody Accounts
Designed for clients with stringent governance, transparency, and compliance requirements, this option offers complete control over assets while providing visibility and custom configurations to suit institutional strategies.
This dual-model approach caters to a diverse set of preferences among institutions.
The Importance of Secure Institutional Staking
As more institutional capital enters the crypto realm, secure institutional staking has never been more important. Figment's integration responds to this demand by delivering dependable validator performance, slashing protection, and uptime guarantees—fundamental features when allocating substantial capital pools for staking. By harnessing Figment's proven staking infrastructure, Crypto.com ensures flawless performance and peace of mind for its institutional clients.
Figment will also stake part of its treasury assets via Crypto.com Custody Trust Company, demonstrating its confidence in the platform's robustness and integrity. This partnership transcends technical integration—it signifies a mutual commitment to constructing institutional-grade solutions rooted in reliability, rules, and reward maximization.
Advancing Crypto.com's Institutional Agenda
This partnership underscores Crypto.com's ongoing investment in its institutional capabilities. With Figment's expertise reinforcing Crypto.com's custodial solutions' value proposition, it competes favorably with leading custodians and staking providers worldwide.
Karl Turner, Director of Crypto.com, expressed excitement about collaborating with Figment, stating, "We are thrilled to partner with a leader like Figment to deliver their secure staking services on our platform. This collaboration adds substantial value to our existing offerings for institutions."
Ben Spiegelman, Head of Partnerships at Figment, echoed Turner's sentiments, emphasizing that this partnership is a strategic extension of their trust-first philosophy. "We are delighted to associate with Crypto.com Custody Trust Company as the foundation for secure staking, even for our own assets," he said.
The Future of Institutional Crypto Staking
As more institutions seek exposure to staking yields, partners capable of delivering end-to-end solutions, from custody to compliance, will be highly sought after. This integration could serve as a prototype for other platforms aiming to offer reliable staking solutions with clarity regarding regulation. In a rapidly evolving crypto landscape, partnerships like this equip institutions with not just access, but assurance—an essential differentiator in today's market.
- Institutional clients can now stake their digital assets with Crypto.com, following its partnership with Figment, a leading staking provider.
- The Crypto.com Custody Trust Company, a New Hampshire Banking Department-regulated custodian, forms the core of this partnership, offering a secure and compliant solution for institutional investors.
- Two staking models are available: Omnibus Staking via Exchange Wallets for operational ease and speed, and Direct Staking from Segregated Custody Accounts for clients with stringent governance and compliance requirements.
- Figment's integration responds to the growing demand for secure institutional staking, as more institutional capital enters the crypto realm, by providing dependable validator performance, slashing protection, and uptime guarantees.
