Figment, a great player in blockchain stacking services, is actively looking to buy businesses in a spread of the crypto industry’s consolidation, which is triggered by renewed optimism over US regulatory clarity.

The Toronto-based company is targeting acquisitions between $ 100 million and $ 200 million, with a strong regional presence or within blockchain ecosystems, such as Cosmos and Solana, CEO Lorien Gabel told Bloomberg. He said the company has already brought sheet for some offers, the report added.

Figure helps institutions earn the yield by inserting where tokens are locked to help secure blockchain networks and validate transactions supported by networks. The company is currently managing around $ 15 billion in stacked assets and employing about 150 people, Gabel said.

The flurry of crypto offerings that includes Kraken’s purchase of $ 1.5 billion of ninjatrader and Ripple’s acquisition of $ 1.25 billion of Hidden Road comes when the Trump administration brought a more crypto-related legislative environment. This environment saw the US securities and the exchange commission dropping cases against various cryptic companies where Crypto Ally Paul Atkins recently took over the Commission.

Despite the acquisition strategy, Figure is not seeking further funding and has excluded a sale. Gabel, who co -founded the company and has launched three previous startups, said he is obliged to build the figure in the long term. “I’d rather go to zero,” he said.

The company has collected $ 165 million to date, according to data from Thetie. Its latest series C -Financing round was led by Thoma Bravo and then participation from Giants, including Morgan Stanley, Starkwave and Franklin Templeton India.

Read more: Kraken to buy Ninjatrader for $ 1.5B to get into the US Crypto Futures Market