Figment does not make noise. It makes rails. Quiet ones. The kind institutions step onto when the stakes are real, the checks have commas, and uptime is not a marketing claim but a fiduciary requirement. Founded in Canada in 2018, Figment matured alongside proof of stake itself, not chasing headlines but laying infrastructure that the startup ecosystem now depends on whether it notices or not.
At the center is Lorien Gabel, CEO, a builder with long-term infrastructure muscle memory. Interlog. Bird on a Wire Networks. Pingg.com. Companies built, scaled, and acquired before crypto was a category anyone could casually mispronounce. Figment carries that DNA forward. This is not experimentation theater. This is pattern recognition backed by scar tissue. Alongside Lorien Gabel are Andrew Cronk, Co-Founder and CPO, who treats product as a control surface rather than a demo reel, and Ryan Funduk, Co-Founder, with deep roots in software and open source. The posture is deliberate. No theatrics. Just execution.
Figment is the world’s leading independent, non custodial staking infrastructure provider, securing over $15B in assets under stake for more than 700 institutional clients. Asset managers. Exchanges. Custodians. Foundations. Wallets. The work is intentionally invisible. Clients retain custody. Figment absorbs operational complexity. Validators run. Rewards settle. Risk stays contained. Safety over liveness is not a slogan here. It is how you arrive at 0 slashing incidents while others chase uptime like it is a vanity metric.
The company has raised over $150M, including a $110M Series C led by Thoma Bravo, with participation from Counterpoint Global at Morgan Stanley, Avon Ventures from Fidelity, ParaFi Capital, Binance, Binance.US, Bitstamp, B Capital Group, Two Sigma, and others who understand that infrastructure compounds quietly. The thesis is simple and unforgiving. Institutions want yield without surprises. Figment prices for that reality.
In 2024, Figment expanded into Bitcoin layer 2 staking, launched 8 new protocols, deepened integrations across Ethereum and Solana, and maintained profitability. SOC 2. ISO 27001. OFAC compliant relay usage on Ethereum since day 1. This is infrastructure built for scrutiny, not optimism. The company engages regulators across North America, Europe, and APAC, helping define staking before the definition gets outsourced to people who have never run a validator.
Culture matters when the work is quiet and the consequences are loud. Figment operates globally with transparency, reporting an eNPS of 54%. Ben Spiegelman leads corporate development after shaping product at Fidelity Digital Assets. Dennis Bree, VP of Revenue, brings operating discipline from a managing director role at Twitter. The bench is built, not borrowed, and the expectations are clear.
Figment is hiring across engineering, security, legal, sales, and operations. If you want to build where yield is real, risk is measured, and the startup ecosystem runs on what you ship, this is the work. Institutional crypto does not scale on slogans. It scales on infrastructure, and Figment is already embedded in the flow.
