{"podcast":{"title":"Brazil Crypto Report","slug":"brazil-crypto-report-5342676","podcast_index_feed_id":5342676,"rss_url":"https://api.substack.com/feed/podcast/388673.rss","website_url":"https://brazilcrypto.substack.com/podcast","image_url":"https://substackcdn.com/feed/podcast/388673/5b4c1c49a82b03a61c347312e72cc41e.jpg","author":"Aaron Stanley","episode_count":185,"summary":"Insights, analysis and interviews exploring Latin America's largest crypto market","last_synced_at":null,"page_url":"https://stenobird.com/podcast/brazil-crypto-report-5342676"},"episode":{"title":"Episode #182: Live from Merge Sao Paulo: Staking Goes Global with Figment's Sthefano Batista","slug":"episode-182-live-from-merge-sao-paulo-staking-goes-global-with-figment-s-sthefano-batista","published_at":"2026-04-01T15:56:52+00:00","page_url":"https://stenobird.com/podcast/brazil-crypto-report-5342676/episode-182-live-from-merge-sao-paulo-staking-goes-global-with-figment-s-sthefano-batista","show_page_url":"https://stenobird.com/podcast/brazil-crypto-report-5342676","url":"https://brazilcrypto.substack.com/p/episode-182-live-from-merge-sao-paulo","audio_url":"https://api.substack.com/feed/podcast/192855726/913f9a5b137cf71d7ffbf7bf553633aa.mp3","summary":"🙌 You can listen to BCR on your favorite podcast platform YouTube | Spotify | Apple Podcasts 🔥 Join the BCR English language Telegram group to continue the conversation Ola pessoal! I had the chance to catch up with Sthefano Batista at Merge Sao Paulo. Sthefano is Head of Latam at Figment, which is the world’s largest provider of institutional staking services with more than $18 billion in assets staked. Figment counts BlackRock, Nubank, and Robinhood among its clients, and is responsible for 5 to 6 percent of all Ethereum validated globally. Why Institutions Are Embracing Staking For traditional finance, digital asset staking is a genuinely new concept. It is not a bond. It is not a dividend. The yield comes from supporting the network itself, and the risk profile is fundamentally different from anything in a legacy portfolio. What has resonated with institutional clients, Sthefano explains, is precisely that difference. Staking on a network like Solana or Ethereum, done correctly through a non-custodial provider, means client assets never leave their wallets. Figment never touches private keys. If Figment disappeared tomorrow, clients would still have their assets. That can be a hard pitch to make to compliance teams. But once it lands, it tends to land well. The Edge Is in the Details Figment’s positioning is not built on offering the highest yields. It is built on risk-adjusted performance, and that distinction matters. The firm has a dedicated protocol team that vets every network before onboarding it, monitors governance and inflationary changes , and helps institutional clients understand what updates like Solana’s FireDancer mean in practice. They have never had a slashing event in their history. When you are validating 5 percent of all Ethereum, you do not tak…","meta_description":"🙌 You can listen to BCR on your favorite podcast platform YouTube | Spotify | Apple Podcasts 🔥 Join the BCR English language Telegram group to continue th…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2003,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/brazil-crypto-report-5342676/episodes/episode-182-live-from-merge-sao-paulo-staking-goes-global-with-figment-s-sthefano-batista/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/brazil-crypto-report-5342676/episode-182-live-from-merge-sao-paulo-staking-goes-global-with-figment-s-sthefano-batista.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}