Leading Blockchain Company in Search of Altcoins Like Solana and Cosmos: Will Make Purchases! - Coin Bulletin

Figment, a significant player in blockchain staking services, aims to participate in the wave of consolidation in the crypto sector thanks to regulatory clarity in the U.S.

**Figment, based in Toronto, Canada, plans to acquire companies with a strong regional presence that have blockchain ecosystems such as Cosmos and Solana. CEO Lorien Gabel stated in an interview with Bloomberg that the company is currently making offers for deals ranging between 100 million and 200 million dollars. Figment offers institutional investors the opportunity to earn returns through staking, where tokens are locked to secure blockchain networks and validate transactions. The company currently manages approximately 15 billion dollars in staked assets and employs around 150 people.

This rapid acquisition in the crypto industry includes major deals such as Kraken's $1.5 billion acquisition of NinjaTrader and Ripple's acquisition of Hidden Road for $1.25 billion. This activity comes in tandem with the Trump administration's creation of a more crypto-friendly regulatory environment. The U.S. Securities and Exchange Commission (SEC)** has withdrawn its lawsuits against a number of crypto firms, and pro-crypto Paul Atkins has begun chairing the commission.

Figment emphasized that despite maintaining its acquisition strategy, it is not seeking additional funding and does not plan to be sold. Gabel, a co-founder of the company, stated that he is determined to build Figment as a long-term project and said, "I would rather shut down the company than go to zero."

The company has received 165 million dollars in investment to date, and the recent Series C funding round took place with the participation of giants such as Thoma Bravo, Morgan Stanley, StarkWave, and Franklin Templeton India.