Institutional staking platform Figment will become Dutch exchange Bitvavo’s new staking infrastructure provider.
Netherlands cryptocurrency exchange Bitvavo will tap into staking platform Figment’s institutional-grade infrastructure to stake a variety of tokens on behalf of its users.
Figment, which attracted significant investments from the likes of Galaxy Digital in 2021, announced that it would provide staking infrastructure for the Dutch exchange. Bitvavo will stake user assets across multiple proof-of-stake protocols including Ethereum, Solana and NEAR.
A statement from Bitvavo CEO and co-founder Mark Nuvelstijn highlighted the exchange’s efforts to review and enhance its product and services.