Figment, a top staking provider for digital assets, is hunting for companies valued between $100 million and $200 million.

The goal is to buy businesses with strong local markets or deep ties to key blockchains. As per Bloomberg reports, CEO Lorien Gabel says these deals will help Figment grow faster and serve more clients around the world.

Deal Size and Targets

Figment aims to keep acquisition costs manageable while adding meaningful scale. By focusing on the $100 million to $200 million range, the company can take on new teams without too much integration risk. 

Gabel explains that the best fits are platforms with a solid regional customer base or companies that specialise in a single blockchain, such as Ethereum or Solana.

Also Read: Tether Proposes Majority Stake Of 51% Acquisition In Adecoagro Amid Regulatory Challenges

A Wave of Mergers in Crypto

Crypto firms are merging like never before. Many see this as a chance to combine strengths and cut costs. Increased M&A activity has followed hints of lighter rules under the Trump administration. 

For example, Circle has reportedly turned down a takeover bid from Ripple that valued the company at between $4 billion and $5 billion. 

Sources say Circle believed the offer undervalued its business and future growth prospects. Those talks underline how active dealmaking has become, even among top-tier firms.

In another deal, Coinbase has acquired the Iron Fish development team to bolster privacy on its Base layer‑2 network. Iron Fish’s zero‑knowledge focus will help Coinbase add advanced privacy features. The Iron Fish blockchain and its token will remain independent, while the team joins Base to integrate their technology.

Industry leaders believe a friendlier regulatory stance will encourage big institutions to enter the market. This optimism has pushed firms like Figment to pursue deals now rather than later.

Why Staking Matters?

Staking allows token holders to earn rewards by helping secure proof‑of‑stake networks. Figment’s service lets both large investors and smaller users participate in staking without running their nodes. 

By acquiring regional or ecosystem‑focused providers, Figment can quickly add validator capacity and reach new clients who already trust those local brands.

CEO’s Growth Plan

Gabel says buying established teams can speed expansion more than building operations from scratch. She notes that local staking firms understand their markets and developer needs better than anyone else. 

These acquisitions will sit alongside Figment’s organic growth efforts, creating a mix of in‑house projects and bought‑in expertise.

Broader Industry Effects

The consolidation trend is reshaping the crypto landscape. Exchanges, wallets and staking services are all looking to broaden their reach. 

By absorbing niche players, large firms can offer end‑to‑end solutions, from staking and custody to analytics and compliance. This change may lead to fewer, but stronger, service providers.

Many in the sector feel more confident after signals from the Trump administration. Leaders expect lighter rules around tokenisation and decentralised finance. Companies believe they can invest now and still meet future regulations without major overhauls.

Also Read: Deribit Acquisition Talks Heat Up Between Coinbase and Kraken: Is The $5B Purchase Still on Cards