BitGo is pleased to announce the launch of institutional BTC staking on Babylon, powered by Figment. This integration enables BitGo clients to stake native Bitcoin directly from cold storage—without wrapping, bridging, or compromising custody.
As the leading qualified custodian for Bitcoin, BitGo now offers institutional asset managers, exchanges, and long-term BTC holders the most secure pathway to generate rewards on idle Bitcoin holdings.
“As demand grows for exposure to decentralized networks without sacrificing regulatory and operational integrity, BitGo is proud to bring Babylon staking to market,” said Gbenga Omosuyi, Head of Strategic Partnerships at BitGo. “We’ve combined the strength of BitGo’s custody platform with Figment’s validator expertise to deliver seamless access to Bitcoin’s next evolution.”
“The search for opportunities to earn on Bitcoin has gained serious momentum over the last year, and we’re excited to join the wave. Joining BitGo’s existing leadership in custody with Figments’ institutional staking expertise unlocks a new era, finally bringing protocol staking to the world’s leading crypto asset”, added Colton Campbell, Head of Sales Engineering, Figment.
Why Babylon?
Babylon is a Bitcoin-native staking protocol that enables BTC holders to participate in proof-of-stake security and earn rewards—while keeping Bitcoin unwrapped and onchain. With this model, institutions can activate their Bitcoin and earn protocol rewards in Babylon-native assets like BABY, the governance token for Babylon.
This collaboration combines:
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BitGo’s regulated cold-storage custody
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Figment’s proven validator infrastructure
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Babylon’s breakthrough native BTC staking model
What to Know Before Staking
Staking rewards on Babylon are not paid back to your Bitcoin wallet. Instead, they are distributed to a separate Babylon chain address, which must be set up independently prior to staking.
As a participant, you’ll interact with two distinct networks: your Bitcoin wallet, used to initiate the staking transaction, and your Babylon wallet, where you’ll receive protocol rewards in BABY and additional tokens.
When you stake BTC, it is locked for a maximum of approximately 15 months (64,000 blocks). However, Babylon offers flexibility through an early unbonding mechanism. You can either wait for the full time lock to expire and initiate a standard withdrawal, or submit an early unbonding request at any time. Early unbonding begins a short waiting period—currently around 7 days—after which your BTC becomes available for withdrawal.
Get Started
BTC staking on Babylon is now live and available to BitGo clients. To begin staking, connect with us or reach out to your client success manager.
About Figment
Figment is the leading independent provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider of staked ETH. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. This all leads Figment’s mission to support the adoption, growth, and long-term success of the digital asset ecosystem. To learn more about Figment, please visit figment.io.
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About BitGo
BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. For more information, visit www.bitgo.com.
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