Figment expands into Middle East with key hire, amid strategic partnership and rising institutional demand
CRYPTOCURRENCY
RELATED COMPANIES
BNP MUFG P3 Virginia ADGM Figment Vol Capital
United Arab Emirates — Figment, the leading independent provider of institutional staking infrastructure, is deepening its presence in the Middle East as digital asset adoption accelerates across the region.
As part of this expansion, Figment has appointed Christoph Richter as its first Head of Business Development in the Middle East and announced a key partnership with UAE-based custody provider Tungsten, a trusted name in institutional digital asset services. This collaboration leverages Tungsten's well-established industry position and existing licensing within the Abu Dhabi Global Market (ADGM), enabling them to offer enhanced, non-custodial staking options to clients via Figment's infrastructure.
The move marks a major step in expanding compliant staking access across the UAE and the broader MENA region and Christoph will be Figment's first on-the-ground hire in the region.
'Staking can be understood as earning the risk-free rate on proof-of-stake networks like ETH and SOL,' said Christoph Richter. 'With inflation beating rewards and rising institutional digital asset allocations, staking is becoming a core strategy
- and the MENA region is ready.'
A Strategic Regional Push
Figment's formal entry into the region is driven by growing demand for compliant, reward-generating solutions aligned with long-term digital asset investment strategies.
'The Middle East is uniquely positioned to benefit from institutional staking,' said Eva Lawrence, Figment's Head of EMEA & Regional MD. 'With Christoph's deep background in traditional finance and digital assets, he's perfectly placed to lead our growth in this high-potential market.'
Christoph will lead business development and strategic partnerships, reporting to Eva Lawrence, the Head of EMEA. He brings nearly two decades of TradFi derivatives experience, including senior roles at JP Morgan, Barclays, BNP Paribas, and UBS. In his most recent TradFi
role, he led derivative solutions for Southern Europe and DACH at MUFG. Since entering the digital asset industry in 2017, he has advised top-tier firms and co-founded the proprietary BTC & ETH trading venture Vol Capital, building market neutral quantitative investment strategies.
Christoph brings a wealth of experience of working on major infrastructure Public Private Partnerships transactions across the Middle East, particularly in Saudi, building strong ties to the region's major players and capital markets. Now based in the UAE and fluent in five languages, he brings a truly global perspective to Figment's regional growth.
Continued Global Investment, Local Leadership
This move builds on Figment's global expansion across EMEA, the Americas, and APAC, reflecting increased institutional demand for secure and regulatory-aligned staking solutions and cementing Figment's leadership as the most trusted institutional staking provider. Christoph's appointment and the partnership with Tungsten underscore Figment's commitment to investing in local leadership and strategic infrastructure tailored to the needs of the region.
Press Contact
Peter Redding peter@strawberry-creative.com
Amy McAllister Byrne: amy@cryptocollective.global
About Figment
Figment is the leading independent provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider of staked ETH. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment's mission to support the adoption, growth, and long-term success of the digital asset ecosystem. To learn more about Figment, please visit figment.io.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
11 minutes ago
- The National
Gaza suffering is 'unbearable', says EU commissioner
International pressure on Israel to alleviate 'unbearable' suffering in Gaza is set to increase at an upcoming conference in New York in support of a Palestinian state, the EU commissioner for the Mediterranean Dubravka Suica has told The National. The UN has warned of mass starvation in Gaza engineered by Israel, but Benjamin Netanyahu's government rejects the accusation and blames Hamas. In the meantime the number of deaths from starvation rises steadily. 'The situation there is unbearable,' Ms Suica said. 'This is exactly the reason there is a conference. It won't solve that but it can help, because France and Saudi Arabia are organising it. Many foreign ministers will follow, and I will join on behalf of the European Commission.' A two-state solution such as that backed by the bloc and its Arab partners appears to many more elusive than ever. Israel's parliament this week called for the annexation of all Jewish settlements in the West Bank – in effect blocking the possibility of a future Palestinian state. Ms Suica, a Croatian politician who is scheduled to represent the EU at this month's conference, plays a central role in shaping the EU's economic diplomacy in the Middle East. The budget she oversees was doubled last week to €42.5 billion in the EU Commission's latest seven-year budget proposal. In October, Ms Suica will present a 'new pact for the Mediterranean', which is expected to include concrete partnerships with the region, starting with the first joint energy conference with GCC countries in Brussels on December 15. The idea is to show the region that the EU is not neglecting relations with the Arab world despite being also focusing on what is viewed as Russia's existential threat in Ukraine. Though not part of the Mediterranean region, Gulf countries are to be integrated in the new pact as privileged partners. 'We badly need them to get with us, because their interest is to have peace, security and prosperity in the region,' Ms Suica said. We want to be a player, not only a payer EU Commissioner for the Mediterranean Dubravka Suica Ms Suica, who is in charge the EU's funding to the Palestinian Authority, said that the EU would invite partners in New York to join a newly launched donor platform. It also aims to co-ordinate international efforts for the reconstruction of postwar Gaza once a permanent ceasefire is achieved. EU pressure Brussels views the Palestinian Authority (PA), which has been considerably weakened by Israel, as the only alternative to Hamas in governing Gaza. As its primary financial supporter, the EU increased its funding to the PA this year to €620 million in grants, up from €400 million in grants and loans in 2024. The bloc also recently released €52 million in funding for UNRWA, though Ms Suica signalled hopes that, over time, the PA will assume responsibility for essential services. 'Once they take over services, like health and education, they will be powerful enough to show that they can be a counterpart to Israel,' she said. 'This is what we want to achieve.' Gulf countries as well as OECD states, including the UK, Australia and Japan, would be considered strong partners to the new donor platform. There is a widespread view that the US mediates conflicts in the region while the EU finances reconstruction – but Ms Suica wants that to change, pointing to the Middle East's geographical proximity to Europe. Her motto is: 'We want to be a player, not only a payer.' While the New York conference is not expected to yield immediate decisions, it aims to offer a renewed political horizon for resolving the Israel-Palestine conflict. Participants are set to express their concern over the humanitarian situation in Gaza. Yet both Israel and the US will be absent, and France's stated intention to issue its own recognition of Palestine at a follow-up leaders' meeting in September has angered Israel. Despite Israel's reputation suffering a blow during the Gaza war, EU unity on the conflict remains fragile – a fact recognised by Ms Suica. 'Let's see whether this conference in New York will help, because it will be worldwide, and I am sure that they [Israelis] also don't want to have such an image in the world,' she said. EU countries failed last week to adopt of any of the 10 measures put forward by the bloc's foreign affairs chief, Kaja Kallas, after her services found that Israel had breached a human rights clause enshrined in its relations with the bloc. Her proposals included suspending trade preferences and scientific partnerships. All options One measure that did gain consensus was a deal to increase humanitarian aid to Gaza. Yet EU ambassadors in Brussels were reported to have been widely dissatisfied with its roll-out and impact at their first update this week. Ms Kallas on Tuesday warned that 'all options remain on the table if Israel doesn't deliver on its pledges'. Her office did not answer a question from The National asking whether she would participate in the upcoming conference in New York. Israel has killed close to 60,000 Gazans in 21 months of war, after around 1,200 died in Hamas-led attacks in Israel. Ms Suica reiterated the EU's insistence on Israel keeping border crossings open to ensure the flow of humanitarian assistance. 'They opened some crossings, but still, we are monitoring closely what's going on. We need more,' she said. Regional efforts In addition to her work on Palestine, Ms Suica has been actively engaging with Middle Eastern partners to forge long-term region-to-region co-operation. This includes a strategic partnership signed with Jordan in January and discussions on green energy initiatives with Morocco, such as maritime port decarbonisation. She described the frequent accusation that such partnerships are focused solely on keeping migrants out of Europe as false. 'We don't impose anything. We don't have a template,' Ms Suica said. There has also been a measure of behind-the-scenes diplomatic efforts, with the Israeli, Palestinian and Syrian foreign ministers sitting at the same table at a meeting in Brussels last week. In June, Ms Suica announced a €175 million aid package for Syria. She recalls being told during meetings with Syria's Finance Ministry and central bank governor that while the country was happy to see the EU return after the fall of the Assad regime, there was fear of European interference. 'We don't want to interfere, but we want to accompany you. We want to assist you,' she answered. On Palestine, the philosophy is the same, she said, pointing to its financial support for the PA. 'I cannot predict what will happen, but we are doing our best to achieve a two-state solution,' Ms Suica said.
Tahawul Tech
11 minutes ago
- Tahawul Tech
DLSS 4 Archives
"@Cisco helps customers adapt to sophisticated threats in multi-cloud environments". Learn more about Westcon Comstor and @Teksalah's involvement in this collaboration below. #WestconComstor #Cisco #Teksalah #tahawultech
Zawya
42 minutes ago
- Zawya
UAE showcases global leadership at UN Sustainable Development Forum, commits to 2026 SDG review
New York, USA: The UAE reiterated its strong commitment to global sustainable development at the United Nations High-Level Political Forum (HLPF) on Sustainable Development 2025 in New York, emphasizing international partnerships and placing human progress at the center of its vision for the 2030 Sustainable Development Goals (SDGs) and beyond. The message capped an active UAE presence at the forum, organized at the UN headquarters by the UN Department of Economic and Social Affairs, and attended by global leaders and organizations. The UAE delegation comprised senior officials from key ministries, national committees, and leading organizations, including the Ministry of Cabinet Affairs, Ministry of Interior, Ministry of Investment, Government Experience Exchange Programme (GEEP), General Secretariat of the National Committee on SDGs, the Environment Agency - Abu Dhabi (EAD), Noor Dubai Foundation, and Dubai Chambers. The UAE's Pioneering Model His Excellency Abdulla Nasser Lootah, Assistant Minister of Cabinet Affairs for Competitiveness and Experience Exchange and Chair of the National Committee on Sustainable Development Goals, highlighted the UAE's innovative and collaborative approach to international development cooperation. He said: 'We presented models and initiatives that showcase pioneering national development initiatives and reflect the importance of strategic partnerships in accelerating SDG achievement. These included the 2045 XDGs Report that envisions development prospects for the next two decades, and GEEP. We held meetings that focused on continually enhancing multilateral collaborative action to support finding innovative solutions to challenges in health, economic growth, the future of work, biodiversity, and international stability.' He confirmed the start of intensive preparations for the 2026 Voluntary National Review (VNR), to monitor and assess progress toward the 2030 SDGs. This reflects the UAE's unwavering commitment to transparency and accountability, comprehensive analysis of challenges and opportunities, and identifying future development priorities with participation from government, private sector, and civil society to ensure effort integration and vision unification, based on the UAE's ambitious vision for building a sustainable and inclusive future based on innovation, sustainability, and human development. HE Lootah noted that preparations are underway for the UAE's 2026 Voluntary National Review, underlining the nation's commitment to transparency, cross-sector collaboration, and a sustainable, inclusive future. The UAE is also preparing to host the UN Water Conference in December 2026, advancing global water sustainability. Strengthening Global Cooperation and Shaping Tomorrow The UAE reaffirmed its commitment to international cooperation and knowledge exchange, spotlighting initiatives that drive climate action, economic growth, and human development. Through high-profile events – including the 'Shaping Tomorrow: UAE Leadership for a Sustainable Future' exhibition – the delegation showcased innovative models and fostered dialogue with global partners. A special session by GEEP expanded the UAE's partnership network to nearly 50 countries and six international organizations, reinforcing its leadership in collaborative action. The launch of the 2045 XDGs Report, which outlines global development priorities beyond 2030 and builds on the momentum of the SDGs to address emerging challenges and opportunities, along with findings from a global survey, further underscored the UAE's active role in shaping sustainable development with forward-looking recommendations for the next two decades. Driving Innovation and Partnerships for Sustainable Progress The UAE delegation, in partnership with the UAE Consulate General in New York, showcased national leadership in advancing the SDGs through innovation and collaboration. The pivotal role of the Global Councils for SDGs – launched at the World Government Summit – was highlighted as a platform uniting leaders from government, international organizations, academia, and the private sector to accelerate progress through shared expertise. Sessions organized by the General Secretariat of the National Committee on SDGs focused on promoting gender balance and child welfare, addressing the digital gender gap, and strengthening women's leadership as essential drivers of sustainable growth beyond 2030. The UAE also hosted a roundtable on reimagining economic growth for people and the planet, and led discussions on economic diplomacy and integrating social and economic objectives for global stability. Additionally, the Ministry of Interior presented successful cross-border environmental initiatives, such as the Green Shield Operation, which aims to protect biodiversity in the Amazon Basin. Throughout the forum, the UAE strengthened international cooperation by holding 48 bilateral meetings and participating in high-impact Science Day activities. The HLPF on Sustainable Development is the UN's leading platform for SDG review and progress.
