Figment acquires Rated Labs to enhance staking data services

ChainCatcher reported that blockchain staking service provider Figment has announced the acquisition of UK-based blockchain analytics company Rated Labs, with the transaction amount undisclosed. The Toronto-based company, which manages over $18 billions in staked assets, stated that this acquisition will help its clients—mainly exchanges, custodians, and asset management firms—make more informed staking decisions through enhanced data transparency.

Rated Labs, founded in 2022, provides tools such as Rated Explorer and data APIs for tracking staking performance on networks like Ethereum, Solana, and Cosmos. This acquisition is part of Figment's strategy to invest up to $200 millions in acquiring regional players and networks. Figment Chief Product Officer Andrew Cronk stated that as staking becomes an important part of institutional portfolios, "transparent and reliable data remains the foundation of trust."