We’re excited to share that Babylon Genesis is officially live, and with it, a breakthrough opportunity for institutions to earn rewards on their idle Bitcoin. Figment has been actively involved in the Babylon protocol since day one, and we are proud to support this new phase of decentralized infrastructure as a live Finality Provider on Babylon’s production network.
Unlocking Bitcoin’s Productive Potential
Bitcoin has long been the world’s most secure, liquid, and widely held digital asset. However, until now, its role in decentralized finance has been limited by the lack of native programmability and reward opportunities. Babylon changes that.
By enabling native Bitcoin staking without bridges or wrapping, Babylon allows Bitcoin holders to put BTC to work securing Proof-of-Stake (PoS) networks and earning rewards, all while maintaining full self-custody on the Bitcoin blockchain. This is a paradigm shift in how Bitcoin can be utilized, and it opens up a host of possibilities for institutional holders.
Babylon: The First Bitcoin-Secured Network
Babylon’s launch represents the first step in a broader vision: a network of PoS blockchains secured by Bitcoin. Institutions can now delegate BTC to Finality Providers like Figment to secure Babylon Genesis (Babylon’s native BSN which acts as a control plane for the broader Babylon Protocol), earning rewards in Babylon’s native token, BABY. In the future, BTC delegators will be able to opt into additional BSNs to earn rewards in other native tokens. Babylon’s dual-staking model combines Bitcoin’s unmatched economic weight with native PoS mechanics to deliver high-integrity security for decentralized systems.
Key institutional benefits:
- Secure, Self-Custodial Bitcoin Staking
- Custodial Integrations (Anchorage, Fireblocks, BitGo etc)
- No Bridge or Wrapping
- Dual Reward Exposure via BTC & BABY Staking
- Proven Validator Infrastructure via Figment
A Proven Track Record of Participation
Over 135,000 Bitcoin addresses participated in Babylon’s Phase-1 staking events, securing more than 57,000 BTC (~$4 billion). With mainnet now live, Phase-1 Cap 1 BTC stakers (those who staked on October 8th) can register to secure Babylon Genesis and begin earning BABY rewards. Starting on April 24th, all BTC stakers can register for Babylon Genesis and start earning BABY.
As one of the first operators to support Babylon on testnet and mainnet, Figment is ready to help institutions participate securely and at scale. Whether you manage a single vault or a large portfolio of Bitcoin, we offer:
- End-to-end support for onboarding and staking
- Integration with top custodians
- Industry-leading infrastructure, SLAs, and uptime
Looking Ahead
Babylon is not just a network. It is an infrastructure layer for a new class of decentralized applications and Bitcoin Secured Networks (BSNs). With support from wallets like Leap, Keplr, and Cosmostation, and backing from leading VCs, the Babylon ecosystem is just getting started.
For institutional holders seeking secure rewards on Bitcoin without compromising custody or compliance, Babylon represents a transformative opportunity, and Figment is here to help you lead the way. Ready to stake BTC or BABY? Contact our team today.
