TL;DR
- Figment plans to acquire crypto projects valued between $100M and $200M, focused on Cosmos, Solana, Asia, and South America.
- The wave of crypto mergers grows after Trump’s election, supported by a clearer regulatory framework in the U.S.
- The possible arrival of ETH ETFs with staking in the U.S. would be key for Figment and its $15B in assets.
The Canadian firm Figment, specialized in crypto staking services, seeks to expand through strategic acquisitions. The company is evaluating various projects valued between $100 and $200 million, prioritizing those with a strong position in specific regions or within blockchain ecosystems such as Cosmos and Solana.
Its strategy relies on the intense activity in the digital asset mergers and acquisitions market, driven by expectations of a more favorable regulatory environment in the United States under the Trump administration.
New Momentum for the Crypto Industry
Since Donald Trump’s election, deals in the sector have accelerated. The possibility of new, clear rules for the industry has opened the door to all kinds of large-scale agreements. Some examples include Ripple’s purchase of Hidden Road and Kraken’s acquisition of NinjaTrader, both deals exceeding one billion dollars. Coinbase is also in advanced negotiations to acquire Deribit, a crypto derivatives exchange.
Figment’s interest centers on projects that already dominate their niche or operate in markets where blockchain adoption is advancing quickly, such as Asia and South America. The company has already issued some preliminary agreements to move forward with acquisitions and expects to finalize operations in the short term.
Ethereum Staking ETFs Would Be Key for Figment
Another crucial factor behind the company’s strategy is the possible approval of Ether (ETH) exchange-traded funds (ETFs) with staking in the United States. If this materializes, the change would allow institutional funds to generate returns from their holdings, directly benefiting companies like Figment. Currently, these ETFs manage around $6.3 billion in assets.
Figment oversees approximately $15 billion in staked assets through its staking service and has a workforce of 150 people. The company has no plans to raise additional capital or consider a sale. Lorien Gabel, its co-founder and CEO, stated that his priority is to take the project as far as possible
