Solidus Labs Partners with Figment To Revolutionize Institutional ETH Staking
19.06.2024 - 07:00:37Solidus Labs, a category-definer in crypto-native security and compliance, announces today a collaboration with Figment, a leading blockchain infrastructure and staking services provider. This collaboration introduces Staking Guard, a cutting-edge risk mitigation solution explicitly tailored for institutional Ethereum Validators. Staking Guard is now available for all Figment Ethereum clients as a premium opt-in solution.
ÂPowered by the Solidus Builder and Relay, Staking Guard offers robust, high-performance, low-latency protection against legacy compliance risks and native onchain threats. This end-to-end solution builds and delivers compliant blocks through an insulated pipeline, protecting against risks such as sanctioned activity and alerting on market abuse, fraud and manipulation.
ÂâBy integrating Solidus' Staking Guard into Figmentâs suite of Ethereum relays, we're setting a new gold standard for institutional staking services,â said Ben Spiegelman, Head of Corporate Development and Partnerships. âAt Figment, we understand the paramount importance of trust, security, and compliance for our clients, who increasingly seek reliable and performant staking rewards. This collaboration not only bridges a crucial market gap but also acts as a potent catalyst for further institutional participation in staking.â
ÂHarnessing Solidus' deep expertise and leadership in crypto-native security and compliance, Staking Guard has been designed with leading institutions to meet institutional-grade requirements for a risk-based solution, applying the safeguards necessary for institutional participation.
ÂâStaking Guard is the natural progression for Solidusâ comprehensive solutions addressing compliance and security risks offchain, onchain, and now - prechain - and we see it as an indispensable enabler for the maturation and sustainable growth of DeFi and Web3,â said Asaf Meir, Solidus Labsâ Founder and Chief Executive. âWe are proud to introduce Wall Street-grade security and compliance for staking and supporting Figment in setting a new standard - where compliance meets performance, and security drives success.â
ÂUpholding optimized censorship-resistant models with an unaltered impact on rewards, Staking Guard ensures comprehensive protection against both legacy compliance and native onchain risks, coupled with powerful reporting tools and audit trail logs for seamless, institutional-grade oversight.
ÂAbout Figment
ÂFigment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 500 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 of staked ETH. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figmentâs mission to support the adoption, growth, and long-term success of the digital asset ecosystem. To learn more about Figment, please visit figment.io.
ÂAbout Solidus Labs
 and DACOM Summit, and in everything we do, Solidus is deeply committed to ushering in the financial markets of tomorrow. To learn more, please visit: https://soliduslabs.com/ ÂView source version on businesswire.com: https://www.businesswire.com/news/home/20240618372898/en/

