Catenaa, Monday, February 24, 2025 – Figment, a leading independent staking infrastructure provider with over $15 billion in staked assets, has joined the Blockchain Association, strengthening its role in shaping US cryptocurrency regulations.
The move underscores Figment’s commitment to advocating for institutional adoption of protocol staking, a key component of the cryptocurrency ecosystem.
The Blockchain Association, a trade group representing exchanges, venture capital firms, and infrastructure providers, works to establish clear regulatory frameworks for digital assets.
“As the US moves into a new era for digital assets, regulatory clarity around staking will be critical,” Blockchain Association CEO Kristin Smith said.
“We look forward to Figment lending their expertise to these policy conversations in Washington.”
Figment’s membership comes amid growing institutional interest in protocol staking, particularly in the wake of Ethereum’s inclusion in exchange-traded funds in May 2024.
The company will focus on regulatory education, advocating for staking’s distinction from yield products, and aligning policies across jurisdictions.
The approval of staking in regulated financial institutions through SEC’s SAB 122 guidance has also spurred Figment’s efforts to integrate staking into traditional banking and brokerage services. The company serves over 700 institutional clients and is the largest non-custodial staking provider for staked Ethereum.
“Protocol staking is the backbone of blockchain security,” said Jennie Levin, Figment’s chief regulatory and strategy officer.
