Figment, the leading provider of staking infrastructure, is announcing its formal expansion into Latin America with the establishment of a regional office in São Paulo, Brazil. This move underscores Figment’s commitment to supporting the region’s fast-growing blockchain ecosystem and meeting the increasing demand for institutional staking solutions.
To lead these efforts, Figment has appointed Sthefano Batista as Head of Latin America, reporting to Josh Deems, Head of Americas. Sthefano has a strong background in traditional finance and digital assets, he brings expertise in institutional crypto investing, derivatives trading, and digital asset strategy, having held key roles at, Paradigm, Dunamis Trading, BTG Pactual, and MSCI. His role will focus on driving strategic growth, deepen engagement with existing partners, and expand operations to better serve institutional clients across the region.
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“Latin America is one of our key growth regions for 2025, and we’re thrilled to deepen our presence here in response to client demand,” said Josh Deems, Head of Americas at Figment. “With Sthefano at the helm, alongside our team already in the region, we’re well-positioned to drive adoption and provide best-in-class staking services.”
Figment’s expansion is fueled by strong customer demand, favorable regulatory conditions, and the opportunity to work more closely with partners that have established a presence in Latin America. According to Chainalysis, Latin America accounts for 9.1% of global crypto transaction volume, despite making up less than 1% of global capital markets—highlighting the strong growth potential in the region.
Figment already supports institutional customers in the region such as Mercado Bitcoin and Hashdex, and the newly formalized office will enhance the company’s ability to offer localized expertise.
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“We want the Latin American crypto community to see Figment as the go-to staking provider,” said Sthefano Batista, Head of Latin America at Figment. “By establishing a dedicated presence, we are reinforcing our long-term commitment to the region and ensuring that institutions, developers, and ecosystem partners can leverage our expertise.”
“As we continue to build and develop existing relationships with financial institutions in the region, we aim to introduce opportunities that provide a source of rewards for crypto and stablecoin holders, a crucial market in the region.”
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The Latin American office in São Paulo, Brazil will include team members across operations, protocol expertise, and GTM functions, aligning with Figment’s global mission to support the growth and success of blockchain networks.
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Source – Businesswire
