Mr. Andrew Kiguel reports
TOKENS.COM ADDS FIGMENT AS NEW STAKING INTEGRATION PARTNER
Tokens.com Corp. has added Figment as its newest staking integration partner.
"We look forward to working with Figment in our crypto staking operations. We're excited to expand our team of strategic partners with a leading Canadian staking entity," commented Tokens.com chief executive officer Andrew Kiguel.
Tokens.com will utilize Figment's staking services for selected digital assets. In turn, Tokens.com will receive compensation, in the form of crypto tokens, for processing transactions and securing selected crypto networks. Crypto staking is achieved with environmentally friendly technology that has near zero electricity requirements.
"Tokens.com has developed an exciting new way to safely invest in proof-of-stake assets," noted Figment chief executive officer Lorien Gabel. "We look forward to supporting their growth with our enterprise grade staking and node infrastructure."
About Tokens.com
Tokens is a publicly traded blockchain technology company that provides transaction processing and validation services for various digital assets that power decentralized finance (DeFi) applications and non-fungible token (NFT) platforms. Tokens utilizes proof-of-stake (PoS) or staking technology. DeFi is a new class of financial applications that provides users with automated and transparent financial services, such as borrowing and lending, without the need for financial institutions. NFTs are redefining how art, gaming, music and collectibles are created, valued and traded. Management believes that as mainstream adoption for DeFi and NFT applications grow, the need for Tokens.com's staking services will commensurately increase.
Tokens has agreements with industry leaders Figment, Polychain Labs, Bison Trails, Staked and Coinbase Custody, to manage its staking operations and provide custodial services. Tokens' management team includes seasoned blockchain and financial professionals with prior experience at Hut 8 Mining, Fidelity Investments, Galaxy Digital and Goldman Sachs. Tokens was formed in collaboration with Polychain Labs, an affiliate of Polychain Capital, which is one of the largest cryptocurrency venture capital firms in Silicon Valley. Current investors include Bitbuy Ltd., First Block Capital, HIVE Blockchain Technologies Ltd., PowerOne Capital Group, Matthew Roszak (the co-founder and chairman of Bloq Inc.) and Olaf Carlson-Wee (the founder and chief executive officer of Polychain Capital).
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