Tagged: figure

November 9, 2023 @ 9:30 am By JD Alois  |  

Figure Technologies, along with former NYSE Executive Tom Farley and VC Proof Group, are planning to acquire what’s left of FTX, according to a report by WSJ.com. FTX was once valued at over $30 billion. Figure, founded by top Fintech entrepreneur Mike Cagney, operates one… Read More

November 2, 2023 @ 1:06 pm By Omar Faridi  |  

Figure Lending LLC and Figure Technologies, Inc., a key player focused on transforming financial services through the power of blockchain technology, announced it has expanded its Partnership business to “include an increased offering under the Lending-as-a-Service (LaaS) platform, in addition to the previously launched Wholesale… Read More

October 17, 2023 @ 5:02 pm By JD Alois  |  

Figure has completed $16 billion in blockchain native lending transactions since 2018. The data point was shared by founder Mike Cagney, who was responding to a LinkedIn post that said the world is five years away from broad-based utilization of tokenization having any volume or… Read More

April 27, 2023 @ 4:29 pm By Omar Faridi  |  

Figure Technologies Inc., a firm focused on transforming financial services through the power of blockchain technology, announced “the close of a HELOC (home equity line of credit) securitization underwritten by Jefferies, Goldman Sachs, and J.P. Morgan.” The FIGRE 2023-HE1 asset-backed securities (ABS) offering “was comprised… Read More

November 25, 2022 @ 7:49 pm By JD Alois  |  

While there has long been much discussion about the benefits of crypto and blockchain, too frequently, these comments ignore regulation and a need for a compliant environment that instills confidence from all sides of the equation. This has undermined the public perception of blockchain technology… Read More

October 30, 2022 @ 8:40 pm By Omar Faridi  |  

Figure Technologies, Inc. and Hamilton Lane (NASDAQ: HLNE) are preparing to launch three new share classes of Hamilton Lane’s private markets-focused fund registered under the Investment Company Act of 1940 that “digitize the fund share ownership record on the Provenance Blockchain using Figure’s Digital Fund… Read More

August 12, 2022 @ 3:00 pm By Omar Faridi  |  

Figure Technologies, Inc., a key player in transforming financial services through the power of blockchain tech, announced a collaboration with Visa “to provide issuing processor services via Figure’s blockchain-based Banking in a Box platform.” Visa DPS, used by financial institutions around the globe, will be… Read More

April 24, 2022 @ 11:47 am By Omar Faridi  |  

DART (Digital Asset Registration Technologies, Inc.), a combined lien and eNote registry system developed by Figure Technologies, Inc. using blockchain technology, recently announced integrations with Blue Sage, a Cloud-based digital lending platform “for retail, wholesale and correspondent lenders, and Docutech, the … provider of document,… Read More

September 21, 2021 @ 8:51 pm By Tony Zerucha  |  

Blockchain-based fintech Figure today announced the completion of a digital securities transaction using Figure ATS, an alternative trading system that is registered with the U.S. Securities and Exchange Commission and that is part of Figure’s Marketplace trading platform. The trade included the minting of a… Read More

September 21, 2021 @ 7:00 am By JD Alois  |  

Marqeta (NASDAQ: MQ), a top Fintech that powers modern card services, has announced a partnership with Figure, a Fintech that leverages blockchain technology, to launch Figure Pay, a digital money app. According to a release, Figure Pay is now available in 26 different states and… Read More

August 10, 2021 @ 12:06 pm By Tony Zerucha  |  

Fintech software company Sagent, which modernizes mortgage and consumer loan servicing for American financial institutions, today announced two major strategic deals with digital lending and payments firm Figure. Sagent will power Figure’s mortgage servicing services, and the firms will partner to accelerate Figure’s blockchain vision…. Read More

July 28, 2021 @ 9:38 pm By Tony Zerucha  |  

Blockchain-based financial services provider Figure officially closed its $200 million Series D, leaving it with a $3.2 billion valuation. New investors including entities and funds associated with affiliates of Apollo Global Management, Blockchain.com, Rockaway Blockchain, HOF Capital, Endeavour Capital, National Bank Holdings, Goldentree Asset Management… Read More

July 22, 2021 @ 9:53 pm By Omar Faridi  |  

Provenance is a Cosmos-powered blockchain whose goal is to create a “vibrant” ecosystem of decentralized financial (DeFi) services for a variety of financial institutions such as asset originators, fund managers, servicers, banks, and investors. The Proof of Stake (PoS) blockchain is “distinguished by three elements:… Read More

May 20, 2021 @ 10:00 am By Omar Faridi  |  

Figure Technologies, Inc., which aims to transform financial services by leveraging the power of blockchain tech, has finalized a $200 million Series D round at a $3.2 billion valuation. 10T Holdings and Morgan Creek Digital have reportedly co-led the investment round. They’ve been joined by… Read More

January 15, 2021 @ 1:32 pm By JD Alois  |  

Figure Technologies, Inc., founded by prominent Fintech entrepreneur Mike Cagney, has received $100 million from JPMorgan (NYSE:JPM) to finance jumbo mortgages, according to a release. Figure uses blockchain technology to reduce friction and cost to the loan origination process. Figure notes that this is the… Read More

December 22, 2020 @ 9:55 pm By JD Alois  |  

The Conference of State Bank Supervisors (CSBS) has filed a lawsuit against the Office of the Comptroller of the Currency (OCC), as well as Acting Comptroller Brian Brooks, regarding the agency’s ability to issue federal bank charters to Fintechs. The complaint mentions Figure Technologies, a… Read More

March 12, 2020 @ 8:16 am By JD Alois  |  

Calling it a turning point for the blockchain sector, Figure has completed the first asset-backed securitization using blockchain. The transaction reportedly saved over 100 basis points thus representing a dramatic cost reduction. In a world populated with thousands of blockchain-focused firms, Figure represents a prominent… Read More

March 10, 2020 @ 3:16 pm By JD Alois  |  

Figure Technologies, Inc., a blockchain-based lending platform, says the recent Fed rate cut has been good for business. In fact, Figure is reporting a whopping 300% increase in loan applications hurdling loans funded to over $1 billion. 30 year fixed interest rates on mortgages were… Read More

January 7, 2020 @ 8:51 pm By Cali Haan  |  

As the “public blockchain” space is being tempered now by market forces, regulation and reality, companies running or looking to set up an investing platform or manage token issuance may want to take a look at the Provenance Blockchain, a privately-developed DLT (distributed ledger technology… Read More

November 4, 2019 @ 12:24 pm By JD Alois  |  

Ron Suber is one of the better-known names in the Fintech sector. Originally, Suber’s role as the President of the marketplace lending platform Prosper Marketplace brought Suber’s name to prominence as the Fintech emerged as an early leader in the US online lending market. Since… Read More