Balance, Canada’s oldest and largest digital asset custodian, is pleased to announce an integration with Figment, the leading Canadian provider of staking services and infrastructure.
The integration enables Balance’s clients such as trading desks, private funds, and single/multi-family offices to stake their digital assets through their Figment accounts, in order to secure various blockchain networks and earn protocol rewards. Since 2020, Balance’s clients have staked over $1B worth of digital assets through various staking service providers, with Figment being the latest addition to the evergrowing list of partners.
“Whereas most staking workflows involve relinquishing ownership over their assets to a third-party and taking counterparty risk, we took the harder road and did the work to enable our clients to maintain the full legal title and control throughout the entire staking lifecycle. With Balance as the custodian and Figment as the services provider you get a true world-class solution for your staking needs.” – George Bordianu, CEO at Balance
“The Balance team’s ability to integrate with Figment’s Staking APIs in just a couple of days clearly demonstrates their deep domain expertise within the digital assets space. With this integration, Balance customers can now earn staking rewards on Ethereum directly within the Balance custody platform.” – Ben Spiegelman, VP, Head of Corporate Development & Partnerships at Figment
The integration is currently live for Ethereum staking, with more blockchain networks to follow suit based on customer demand.
Key Features:
- Clients retain full ownership and control of their digital assets and rewards throughout the entire staking workflow.
- All staking rewards go directly to the client. Balance’s role is limited to merely securing the assets and acting as a communication channel between the client and Figment.
- Balance’s CAD $12.5M worth of insurance coverage protects the assets in offline storage against physical loss or damage, theft, targeted cyber attacks, and more.
About Figment
Figment is the leading Canadian provider of staking infrastructure. Figment provides a comprehensive staking solution to over 250 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider with nearly 5% of staked ETH on Figment validators. Figment’s institutional staking service offers seamless point-and-click staking dashboard, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment’s mission to support the adoption, growth, and long-term success of the digital asset ecosystem.
About Balance
Balance is Canada’s oldest and largest digital asset custodian. Over the past six years it successfully served digital asset exchanges, OTC and prop. trading desks, neobanks, ATM networks, private funds, market makers, liquidity providers, and corporate entities across Canada and certain parts of the world. Balance currently custodies over $1 billion worth of digital assets in its SOC 2 certified proprietary platform.
