Komainu Partners with Figment to Enable Institutions to Earn Staking Rewards on Solana and Polkadot

July 13, 2023 - Komainu, a regulated digital asset custodian formed as a joint venture between Nomura, Ledger, and Coinshares, has announced a partnership with Figment, a leading provider of staking infrastructure. 

This partnership aims to enable institutional investors including asset managers, family offices, hedge funds, and pension funds, to gain protocol staking rewards, primarily on Solana and Polkadot, without compromising on the safety of their digital assets.

Protocol staking is the method where token holders allocate their tokens to decentralise, secure, and maintain the health of blockchain networks. As a return, users are entitled to staking rewards directly from the network. Through this partnership, Komainu clients can retain control of their staked digital assets in custody while Figment offers a non-custodial staking service.

Sebastian Widmann, Head of Strategy at Komainu, commented on the new partnership, saying, "We are thrilled to announce our partnership with Figment, further expanding our staking offering. By integrating Figment's staking expertise with Komainu's trusted custody solution, we are able to enhance our institutional clients' ability to actively engage in the growth and development of the blockchain ecosystem. This strategic collaboration underscores our commitment to providing institutional clients with the tools and opportunities they need to navigate the evolving digital asset landscape."

Eva Lawrence, Head of EMEA at Figment, added, "We are excited to be partnering with Komainu as they extend their institutional staking strategy. Figment and Komainu have security and compliance as central to our offerings, and we are pleased to work together to support the growth and adoption of the Web3 ecosystem. This partnership continues Figment's growth as the trusted provider for staking services in Europe, Asia, and globally."

Figment is the leading provider of staking infrastructure, with more than $3B in total assets staked. In addition to its popularity on Ethereum as the largest non-custodial staking provider, Figment caters to over 250 institutional clients who earn rewards on their digital assets.