Mantle (mnt) 
Figment Expands Staking Services into Latin America with São Paulo Office
Figment, a leading staking infrastructure provider, is taking a significant step in its global expansion by opening a new office in São Paulo, Brazil. This move aims to support the rapidly growing blockchain ecosystem in Latin America and cater to the rising demand for institutional staking services in the region.
Leadership and Strategic Focus
To spearhead its operations in Latin America, Figment has appointed Sthefano Batista as Head of Latin America. Batista, who brings extensive experience in both traditional finance and digital assets, has held prominent roles at Paradigm, BTG Pactual, and MSCI. Reporting directly to Josh Deems, Head of Americas, Batista will focus on strengthening partnerships and driving Figment’s growth in the region.
What Is Staking and Why Institutions Are Interested
Staking allows cryptocurrency holders to earn rewards by contributing to the security and validation of blockchain networks. For institutions, staking services provide an opportunity to participate in these networks without managing the complex technical infrastructure themselves. This streamlined approach has attracted financial firms eager to capitalize on blockchain technology.
Figment’s decision to expand into Latin America reflects the growing interest in staking services among institutional investors. The region’s vibrant crypto market presents significant opportunities for innovation and collaboration.
Latin America’s Crypto Adoption Boom
Latin America has emerged as a hotspot for cryptocurrency adoption. According to industry data, the region accounts for 9.1% of global crypto transactions, despite its relatively smaller share of the global financial market. This rapid adoption highlights the increasing role of blockchain technology and digital assets in the region’s economy.
Figment already works with key institutional clients in Latin America, including Mercado Bitcoin and Hashdex. The São Paulo office will enable the company to deepen these partnerships and navigate the region’s unique regulatory landscape more effectively.
Commitment to Local Communities
“With Sthefano leading our efforts, we are well-positioned to expand staking services in Latin America,” said Josh Deems, emphasizing Figment’s dedication to supporting the region’s blockchain growth.
Batista also highlighted the company’s commitment to providing staking opportunities tailored to both institutional clients and individual crypto holders. The São Paulo office will serve as a hub for operations, protocol experts, and go-to-market teams, ensuring Figment can effectively address local needs while continuing its global expansion.
Key Takeaways for Investors and Crypto Enthusiasts
If you’re exploring opportunities in cryptocurrency or blockchain investments, Latin America’s growing ecosystem is worth paying attention to. Figment’s entry into the region signals increasing institutional interest in staking services, which could drive further adoption and innovation.
For beginners and intermediate-level investors, staking offers a chance to earn passive rewards while contributing to blockchain networks. Partnering with trusted providers like Figment ensures a seamless experience and access to institutional-grade services.
Figment’s expansion into São Paulo underscores the importance of Latin America as a rising player in the global cryptocurrency market. As the region continues to embrace blockchain technology, expect more opportunities for growth and collaboration in the near future.
