Lorien Gabriel has dedicated decades to developing internet infrastructure companies, spanning from ISPs to cloud security firms. In 2018, he co-founded Figment, combining his expertise in network security and cloud infrastructure with the burgeoning field of proof-of-stake networks. Since its inception, Figment has transformed into one of the world’s leading independent staking service providers, managing $15 billion in assets for over 500 institutional clients.
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At Consensus Hong Kong, Gabriel will share insights about Figment’s growth in Asia, innovations in bitcoin staking, and how the company strategically evaluates new crypto networks for support.
Origins of Figment
Gabriel reflected on the founding of Figment, indicating that it stemmed from the collective experience of his co-founders in internet infrastructure. Initially focused on creating a fund, the team recognized the potential of staking and channeled their efforts into building a robust infrastructure that aligned with the needs of this emerging market.
Figment’s Current Status
Figment now manages substantial assets amidst expanding institutional interest. The company is on track to grow its workforce further and expand operations across Asia, including new offices in key markets like Singapore, Japan, and Hong Kong.
Challenges in Asia
Gabriel pinpointed some hurdles for staking adoption in Asia, citing the region’s regulatory diversity. Unlike U.S. regulations, which are relatively uniform, every Asian country presents unique compliance challenges. Figment navigates these complexities while committing to work only with institutional clients.
Future Trends in Staking
Furthermore, trends like liquid staking and innovations in bitcoin staking are rapidly gaining traction in the region, reflecting a growing adoption and interest from traditional financial entities.
Ultimately, Figment is focused on fostering safer and reliable staking options while recognizing the distinct needs within the Asian market.
