TechFlow news, October 16 — According to CoinDesk, blockchain staking service provider Figment announced the acquisition of UK-based blockchain analytics firm Rated Labs, with the transaction amount undisclosed. The Toronto-based company, which manages over $18 billion in staked assets, said the acquisition will help its clients—primarily exchanges, custodians, and asset management firms—make more informed staking decisions through enhanced data transparency. Founded in 2022, Rated Labs offers tools such as Rated Explorer and data APIs to track staking performance across networks including Ethereum, Solana, and Cosmos. This acquisition is part of Figment’s strategy to invest up to $200 million in acquiring regional players and networks. Andrew Cronk, Figment’s Chief Product Officer, stated that as staking becomes a key component of institutional portfolios, "transparent and reliable data remains the foundation of trust."
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