- •Figment acquires Rated Labs to strengthen validator analytics and staking transparency.
- •Rated’s Explorer and APIs to remain active as Figment integrates tools for institutions.
- •Acquisition supports Figment’s $200M expansion plan across Cosmos, Solana, and Ethereum.
Figment has acquired Rated Labs, a blockchain analytics firm known for validator and staking performance data. The Toronto-based staking company said the deal will enhance transparency and improve institutional access to onchain insights.
The acquisition adds tools like Rated Explorer and data APIs, which monitor validator metrics across Ethereum, Solana, and Cosmos. These resources will help Figment’s clients including exchanges, custodians, and asset managers make better staking decisions with real-time performance data.
Figment manages over $18 billion in staked assets, positioning it among the world’s largest staking infrastructure providers. The company emphasized that transparent and reliable data remain critical as staking continues to grow among institutional investors.
Rated, founded in 2022 and based in the U.K., will continue operating its public products, including the Rated Explorer and developer APIs. Figment plans to collect customer feedback over the next 30 to 45 days to refine enterprise offerings.
Integration Marks a Strategic Step in Figment’s Expansion Plan
The acquisition is part of Figment’s broader plan to spend up to $200 million on strategic deals across blockchain networks. The firm aims to expand its reach into ecosystems such as Cosmos and Solana while maintaining its institutional-grade infrastructure standards.
Figment stated that integrating Rated’s analytics will ensure higher data integrity and standardization across staking activities. The company also aims to improve transparency for asset managers, auditors, and developers within the growing staking market.
Despite the ongoing consolidation trend in crypto, Figment is not pursuing outside funding or a sale. The firm has raised $165 million to date, backed by Thoma Bravo, Morgan Stanley, and Franklin Templeton.
The move follows other major industry deals, including Kraken’s $1.5 billion acquisition of NinjaTrader and Ripple’s $1.25 billion purchase of Hidden Road. Figment continues focusing on independent growth as institutional demand for staking and blockchain data accelerates.