Figment Europe and Apex Group also launched Ethereum and Solana staking ETPs on the SIX Swiss Exchange during the quarter.
Institutional staking infrastructure provider Figment witnessed record year-over-year growth in the first quarter of 2024 amid the launch of Ethereum and Solana staking ETPs, the firm says.
"At Figment, we recognize the priorities of our customers, who are increasingly seeking trust, risk-adjusted rewards and assurance in navigating the complexities of the blockchain landscape,” Figment CEO and co-founder Lorien Gabel said. In collaboration with financial services provider Apex Group, Figment Europe went on to launch Ethereum and Solana staking ETPs on the SIX Swiss Exchange in March, as The Block previously reported.
Staking rewards on Ethereum and Solana are incentives received for locking up the respective cryptocurrencies to support the operation and security of the blockchain networks. Ethereum and Solana were prioritized for the ETPs due to strong demand from some of Figment’s largest customers, Gabel told The Block at the time.
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