Figment achieves full certification for Ethereum, setting a new standard
Figment, the leading independent institutional staking infrastructure provider, is proud to announce the attainment of Full Certification for Ethereum under the Node Operator Risk Standard (NORS). NORS is a respected framework that evaluates node operators based on security measures, operational robustness, and governance.
This achievement marks a significant milestone for Figment, showcasing its dedication to offering institutional-grade staking infrastructure that adheres to the highest standards of diligence. Notably, Figment is the first organization in both North America and Europe to successfully undergo the rigorous NORS certification process.
“Institutional staking demands more than mere promises of high performance; it necessitates verifiable operational excellence,” stated Annalea Sanders, the Chief Operating & Information Security Officer at Figment. “Obtaining Full NORS Certification confirms that our systems, controls, and governance procedures are not just robust but have been validated through evidence-based verification.”
NORS represents a groundbreaking development in Ethereum node operator risk management as the first certification framework tailored specifically for this purpose. It sets stringent criteria for validator operations, focusing on critical areas such as slashing prevention, validator diversity, key management protocols, and operational security and resilience.
Unlike relying solely on self-reported standards, NORS mandates that operators substantiate their operational policies through audited documentation, technical evidence, and validated controls. This approach ensures transparency and trust within the staking infrastructure industry.
The collaborative effort of industry leaders and risk experts led to the creation of NORS with the primary objective of enhancing institutional confidence in staking infrastructure providers. Chris Matta, the CEO of Liquid Collective, emphasized the significance of Figment’s Full Certification, highlighting the organization’s adherence to enterprise-level controls and operational practices.
Figment’s decision to pursue NORS certification underscores its commitment to providing institutions with a transparent and objective framework for assessing potential staking partners. By adhering to NORS standards, Figment aims to streamline the evaluation process for institutional stakers who have traditionally grappled with a fragmented landscape of service providers.
