Fireblocks and Figment Pioneering Staking Solutions for NEAR Digital Assets
In a significant advancement for institutional digital asset management, Fireblocks Trust Company has collaborated with Figment to introduce a new staking capability specifically for NEAR assets. This initiative allows qualifying asset holders to participate in NEAR staking while ensuring that their assets remain under qualified custody. The first institution to leverage this offering is SVRN, a unique treasury company listed on NASDAQ and designed around the NEAR ecosystem.
NEAR has established itself as a leading blockchain that leverages artificial intelligence capabilities, generating substantial interest from institutional investors. The growing trend around AI infrastructure was particularly highlighted with the launch of the Bitwise NEAR Staking ETP in July 2025, drawing capital towards this innovative platform.
As a result, SVRN, which has positioned itself to build its treasury strategy around NEAR’s growth, recognizes the importance of secure custody and staking in its operational framework. Fireblocks Trust Company, an entity chartered by the New York State Department of Financial Services, operates with a security architecture that has already safeguarded transactions worth over $14 trillion across more than 150 blockchains.
The partnership with Figment, which delivers validator infrastructure for staking, empowers SVRN’s NEAR assets with the ability to earn staking rewards. Adam Levine, CEO of Fireblocks Financial Services, emphasized the importance of being selected as a trusted custodian for SVRN, noting that this recognition aligns with Fireblocks Trust's stringent security and operational standards.
Josh Deems, the Head of Revenue at Figment, pointed out that while institutional capital is eager to engage in staking, the challenge lies in creating an accessible product structure. The collaboration with SVRN and Fireblocks Trust Company showcases a carefully devised pathway for a NEAR-centric treasury company to meet the rigorous standards expected in custody and regulatory compliance to draw in asset allocators.
Additionally, Sal Ternullo, CEO of SVRN, highlighted the growing institutional demand for NEAR, indicating their ambition to responsibly manage a significant portion of the NEAR token supply. As they pursue a strategy of managing 10% of NEAR’s supply through staking, maintaining high standards of security and performance through partners like Fireblocks and Figment becomes foundational to their approach.
This partnership not only enhances SVRN’s capacity to generate returns from its digital assets but also illustrates the evolving landscape of institutional investment in blockchain technologies. The coherent approach towards staking within a regulated framework marks a promising development in utilizing NEAR’s capabilities while adhering to the stringent requirements of complex institutional environments.
In summary, the collaboration between Fireblocks Trust and Figment represents a critical shift in the way institutions can engage with digital assets, providing secure custody, rewarding staking opportunities, and aligning with regulatory standards. As institutions continue to explore blockchain asset management, such partnerships will likely grow in importance, expanding the horizons for treasury strategies in the ever-evolving digital asset landscape.
NEAR has established itself as a leading blockchain that leverages artificial intelligence capabilities, generating substantial interest from institutional investors. The growing trend around AI infrastructure was particularly highlighted with the launch of the Bitwise NEAR Staking ETP in July 2025, drawing capital towards this innovative platform.
As a result, SVRN, which has positioned itself to build its treasury strategy around NEAR’s growth, recognizes the importance of secure custody and staking in its operational framework. Fireblocks Trust Company, an entity chartered by the New York State Department of Financial Services, operates with a security architecture that has already safeguarded transactions worth over $14 trillion across more than 150 blockchains.
The partnership with Figment, which delivers validator infrastructure for staking, empowers SVRN’s NEAR assets with the ability to earn staking rewards. Adam Levine, CEO of Fireblocks Financial Services, emphasized the importance of being selected as a trusted custodian for SVRN, noting that this recognition aligns with Fireblocks Trust's stringent security and operational standards.
Josh Deems, the Head of Revenue at Figment, pointed out that while institutional capital is eager to engage in staking, the challenge lies in creating an accessible product structure. The collaboration with SVRN and Fireblocks Trust Company showcases a carefully devised pathway for a NEAR-centric treasury company to meet the rigorous standards expected in custody and regulatory compliance to draw in asset allocators.
Additionally, Sal Ternullo, CEO of SVRN, highlighted the growing institutional demand for NEAR, indicating their ambition to responsibly manage a significant portion of the NEAR token supply. As they pursue a strategy of managing 10% of NEAR’s supply through staking, maintaining high standards of security and performance through partners like Fireblocks and Figment becomes foundational to their approach.
This partnership not only enhances SVRN’s capacity to generate returns from its digital assets but also illustrates the evolving landscape of institutional investment in blockchain technologies. The coherent approach towards staking within a regulated framework marks a promising development in utilizing NEAR’s capabilities while adhering to the stringent requirements of complex institutional environments.
In summary, the collaboration between Fireblocks Trust and Figment represents a critical shift in the way institutions can engage with digital assets, providing secure custody, rewarding staking opportunities, and aligning with regulatory standards. As institutions continue to explore blockchain asset management, such partnerships will likely grow in importance, expanding the horizons for treasury strategies in the ever-evolving digital asset landscape.
Topics Financial Services & Investing）
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