Figment review

Institutions that need audited infrastructure and reporting

Last verified August 13, 20264 scored axes

Score9.0

Documented and independently verifiable

The short answer

Figment scores 9.0 out of 10 and ranks #2 of 8 in the best staking providers table, strongest on slashing record (9.2) and weakest on fee transparency (8.6).

One of the largest independent operators, running a wide network set with SOC 2 coverage, a slashing-coverage policy and reporting built for finance teams. Pricing is negotiated rather than published, which costs it on transparency.

Key facts on record

Founded: 2018
Audience: Institutional
Key model: Customer retains withdrawal keys

What the record shows

4 axes, weighted as published in the table’s methodology. Each score below is read from the fact printed under it.

Figment on slashing record

9.2/ 35% of the score

No slashing event on public record across the networks it validates; publishes uptime and reward performance per network and offers contractual slashing coverage.

Figment on key management

9.0/ 25% of the score

Delegation is non-custodial on supported networks with the customer keeping withdrawal keys; infrastructure covered by a SOC 2 Type II examination.

Figment on fee transparency

8.6/ 20% of the score

Commission is negotiated per client rather than published as a rate card; reward reporting itemises consensus and execution-layer income separately.

Figment on network coverage

9.2/ 20% of the score

Holds active-set validators on dozens of proof-of-stake networks, each verifiable on that chain's validator explorer.

Quick answers

What is Figment best for?: Institutions that need audited infrastructure and reporting. One of the largest independent operators, running a wide network set with SOC 2 coverage, a slashing-coverage policy and reporting built for finance teams.
Where does Figment rank among best staking providers?: #2 of 8, scoring 9.0 out of 10 — documented and independently verifiable on our band scale.
What is the weakest part of Figment?: Fee transparency at 8.6. Commission is negotiated per client rather than published as a rate card; reward reporting itemises consensus and execution-layer income separately.

Strengths and weaknesses

In its favour

Broad network coverage operated at institutional standard
SOC 2 audited infrastructure with slashing coverage
Reporting designed for accounting and tax teams

Against it

Commission is negotiated, not published
Onboarding is oriented to institutions rather than individuals

Hiring an operator, not buying a product

Staking is an operations contract: you are paying someone to run infrastructure correctly, and the two ways it goes wrong are downtime, which costs a little, and slashing, which costs a lot and cannot be reversed. Figment has no slashing event on public record across the networks it validates, publishes uptime and reward performance per network, and offers contractual slashing coverage — the three things that actually matter, in the order they matter.

Keys stay where they belong

Delegation is non-custodial on supported networks: the customer keeps withdrawal keys and Figment holds signing keys only, so the operator cannot move principal. The infrastructure carries a SOC 2 Type II examination, which is an outside firm testing controls rather than a page describing them.

The one mark against it

Commission is negotiated per client rather than published as a rate card. An unpublished rate is not a checkable fact, which caps this axis however competitive the eventual number is. Reward reporting does itemise consensus and execution-layer income separately — worth insisting on, since MEV and priority fees are where quiet asymmetries live.

Who it is for

Funds, exchanges and corporate treasuries that have to explain their staking arrangements to a compliance function or an auditor. The reporting is built for that conversation; an individual staker is paying for artefacts they will never file.

Frequently asked questions

Is Figment safe for staking?+

No slashing event appears on its public record across the networks it validates, delegation is non-custodial so the operator cannot move principal, and its infrastructure carries a SOC 2 Type II examination. It also offers contractual slashing coverage.

What does Figment charge?+

Commission is negotiated per client rather than published, which is the main reason it does not score higher on fee transparency. Reward reports do separate consensus from execution-layer income.

Can a staking provider steal my coins?+

Not where withdrawal keys stay with you and the operator holds only signing keys, as with Figment. The residual risk is slashing — a network penalty for operator misbehaviour — rather than theft.

How Figment compares

8 services in best staking providers

How to read these tables

No paid placement. Nobody buys a position, a score or a mention. We take no affiliate commission on any link in this section, and operators do not see their score before it publishes.

Scores are read from the record. Each one is derived from the fact printed beside it — a published attestation, a contract, a register entry, an incident report — against bands that describe evidentiary states. Facts age: each table carries the date it was last verified, and this is not an audit.

Nothing here is financial advice. Crypto services fail, change terms and withdraw from markets without notice. Verify anything that matters directly with the provider, and tell us when we get something wrong.

Found something out of date? Write to the desk — corrections are printed with the table.