Bhutan Stakes $970K in ETH With Figment to Expand Validator Operations
Bhutan has staked $970,000 in Ether with validator operator Figment, the government announced on Nov. 27. The deployment expands the Himalayan kingdom’s validator operations and places public funds on-chain to help secure and validate Ethereum blocks while earning staking rewards.
The move reinforces Bhutan’s status as one of the few national governments that actively hold and manage cryptocurrency assets and signals a pragmatic, revenue-focused approach to digital finance. By partnering with Figment, Bhutan gains institutional staking infrastructure and technical support that can scale its node footprint and contribute to network decentralization. For markets and policymakers, the step is a modest but notable example of public-sector engagement with on-chain validation that could influence other states considering similar participation.