Figment acquires Rated Labs, enhancing staking data services

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

Rated Labs was founded in 2022 and provides tools such as Rated Explorer and data APIs to track staking performance across networks like Ethereum, Solana, and Cosmos. This acquisition is part of Figment's strategy to invest up to $200 million in acquiring regional players and networks. Figment's 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."