Komainu & Figment partner to enable institutions to earn staking rewards

Komainu, a regulated digital asset custodian for institutions, founded as a joint venture between Nomura, Ledger, and Coinshares, announced a partnership with Figment, a leading provider of staking infrastructure.

The partnership allows asset managers, family offices, hedge funds, pension funds, and other institutional investors to earn protocol staking rewards, initially on Solana and Polkadot, while keeping their digital assets safe in Komainu’s custody solution. Komainu clients will retain control of their staked digital assets whilst still in custody as Figment provides a non-custodial staking service.

Protocol staking is a process in which token holders stake their tokens to help decentralize, secure, and maintain the health of blockchain networks. In return, users receive staking rewards directly from the network.

Figment has the mission to support the adoption, growth, and long-term success of the Web3 ecosystem, and is the leading provider of staking infrastructure with over USD 3bn in total assets staked. On Ethereum, Figment is the largest non-custodial staking provider with almost 5% of staked ETH on Figment validators. Figment provide the most comprehensive staking solution for over 250 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. These clients rely on Figment’s institutional staking service, including rapid API development, rewards reporting, partner integrations, and slashing protection.

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