Figment, a leading blockchain staking service provider, has acquired UK-based analytics firm Rated Labs to enhance its data services. Announced on October 16, the acquisition aims to improve data transparency for Figment's clients, which include exchanges, custodians, and asset managers. Rated Labs, established in 2022, offers tools like Rated Explorer and data APIs to monitor staking performance on networks such as Ethereum, Solana, and Cosmos. The Toronto-based Figment, which oversees over $18 billion in staked assets, views this acquisition as a strategic move to support its clients in making informed staking decisions. This acquisition is part of Figment's broader strategy to invest up to $200 million in regional players and networks. Chief Product Officer Andrew Cronk highlighted the importance of transparent and reliable data as staking becomes integral to institutional portfolios.