Finance
What to know:
- In a move as subtle as a gulag guard’s baton, Figment has devoured Rated Labs, a blockchain analytics firm, to polish its data transparency for the institutional elite. 🕵️♂️
- The price tag? A state secret, comrade. But fear not, for Figment now wields Rated’s Explorer and APIs like a bureaucrat with a fresh stamp. 📜
- This feast is but a morsel in Figment’s $200 million acquisition banquet, a testament to its insatiable appetite for growth. 🍽️
Ah, Figment, the Toronto titan of blockchain staking, has swallowed Rated Labs whole, a U.K. upstart born in 2022. The sum? Undisclosed, of course-transparency is for the data, not the deals. 🤑
With $18 billion in staked assets, Figment now promises its clients-exchanges, custodians, and asset managers-the clarity of a Siberian winter morning. Frostbite not included. ❄️
Rated’s tools, like the Explorer and APIs, will track staking performance across Ethereum, Solana, Cosmos, and more. Because who doesn’t love a good surveillance state? 👀
This acquisition is a chess move in Figment’s $200 million game, targeting regional players and networks like Cosmos and Solana. Checkmate, comrades? ♟️
Andrew Cronk, Figment’s Chief Product Officer, declares, “Transparent and reliable data remains the foundation of trust.” A noble sentiment, though trust in this world is as scarce as a Moscow smile. 😏
Fear not, the Rated Explorer site will live on, and enterprise API offerings will be reviewed in 30 to 45 days. Bureaucracy at its finest! 📅
This deal rides the crypto consolidation wave, fueled by a U.S. regulatory climate as warm as a banya. Kraken’s $1.5 billion NinjaTrader grab and Ripple’s $1.25 billion Hidden Road purchase are but fellow swimmers in this capitalist ocean. 🌊
Yet Figment stands alone, spurning outside funding and sale rumors. CEO Lorien Gabel, a startup veteran, vows to build independently. “I’d rather go to zero,” he says, a martyr to his cause. 🦸♂️
With $165 million raised from backers like Thoma Bravo, Morgan Stanley, and Franklin Templeton, Figment marches forward, a juggernaut in a world of uncertainty. 🚀
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2025-10-16 17:19