Figment, a leading staking infrastructure provider, is expanding its operations into Latin America with the opening of a new office in São Paulo, Brazil. The move aims to support the region’s growing blockchain ecosystem and provide institutional-grade staking services. Stefano Batista has been appointed as Head of Latin America, reporting directly to Josh Deems, Head of Americas, bringing valuable experience from roles at Paradigm, BTG Pactual, and MSCI. Batista will focus on fostering partnerships and expanding Figment’s footprint within the region. Staking allows crypto holders to earn rewards for supporting blockchain network security, while institutions leverage staking services for participation in validation processes without requiring technical expertise. This expansion is driven by a surge in demand from financial firms across Latin America. Figment’s existing institutional clients include Mercado Bitcoin and Hashdex, which serve as testament to the company’s experience and success in the sector. Batista highlights Figment’s commitment to providing access to staking opportunities that benefit both institutional clients and individual crypto holders alike. The new office will act as a hub for operations, protocol experts, and go-to-market teams, further solidifying Figment’s global expansion efforts.