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Misc. | 02/10/2022

Ledger Partners With Figment: Securely Stake Your Coins on Ledger Nodes

Ledger – the world-leading secure platform for the world of digital assets – has partnered with Figment – one of the largest blockchain infrastructure and services providers – to bring a seamless way to secure your favorite Proof-of-Stake network and generate staking APYs on Ledger nodes. 

In partnership with Figment, Ledger is entering the world of staking with co-branded nodes for the following protocols available for staking: CELO, AVAX, LUNA, NEAR, MINA, OSMO, ADA and SOL, with many more coins to be added soon. Anyone with a wallet that supports staking can readily delegate their tokens and earn rewards on ‘Ledger by Figment’ nodes.

This staking feature will soon be available on the Ledger Live app, Ledger’s all-in-one Digital Asset Management solution, enabling users to earn staking rewards with security and convenience. 

Pascal Gauthier, Chairman & CEO at Ledger, says: “With the Figment partnership, Ledger is entering the world of staking and helping to secure the wider PoS network. Thanks to Figment, Ledger Nano users will be able to directly delegate their assets on the Ledger Live interface and earn yield on their staked digital assets.” 

Loriel Gabel, CEO & Co-Founder at Figment, adds: “We are excited to partner with an industry leader like Ledger to generate stable returns for their customers and help fuel innovation and growth across Proof of Stake ecosystems.”

For more information, please visit Ledger Staking FAQs.

What is “Staking”? 

Crypto staking is the easiest way to passively grow your crypto assets. It involves committing your digital assets to support a network and validate transactions. 

Instead of obligating blockchain nodes to employ high computing devices, the Proof-of-Stake blockchain protocols require you to stake (delegate) your digital assets and reward you for doing so.

About Figment:

Figment’s mission is to build a better Internet by increasing usage of the next generation of Proof of Stake blockchains. We bring our mission to reality by helping investors stake their tokens; earn yield and participate in securing the blockchain. Our protocol and governance expertise allow token holders to analyze, monitor and make informed decisions, and our application layer helps fuel innovation and growth across the Web3 ecosystem. Figment is trusted by over 100+ institutions, including venture capital firms, asset managers, protocol foundations, family offices and large scale cryptocurrency platforms.

About Ledger: 

Founded in 2014, Ledger is the global platform for digital assets and Web3. Over 15% of the world’s crypto assets are secured through Ledger Nanos. Headquartered in Paris and Vierzon, with offices in London, New-York and Singapore, Ledger has a team of more than 500 professionals developing a variety of products and services to enable individuals and companies to securely buy, store, swap, grow and manage crypto assets – including the Ledger hardware wallets line with more than 4 millions units already sold in 180 countries. 

Ledger combines a hardware wallet: Nano S or Nano X and the Ledger Live app to offer consumers the easiest way to start their crypto journey while maintaining full control over their digital assets. With its ease of use, Ledger allows a user to begin investing in digital assets and ultimately, achieve financial freedom in a safe and stress-free environment, with additional education provided by its Ledger Academy. In addition to consumer products, Ledger has also developed Ledger Enterprise Solutions, a digital asset custody and security solution for institutional investors and financial players.

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