Tagged: mike cagney

Figure Technology Solutions Launches Blockchain-based Marketplace of Private Credit Loans

Figure Technology Solutions, the technology platform streamlining the private credit and housing markets, announced the launch of Figure Connect, a blockchain-based multi-seller, multi-buyer marketplace of private credit loans. Figure Connect brings Figure’s broad and deep capital markets buyer universe “directly to Figure’s loan origination partners.”… Read More

Figure Technology Solutions Appoints Michael Tannenbaum as CEO

Figure Technology Solutions, provider of a scaled technology platform built to enhance efficiency and transparency in financial services, announced the appointment of Michael Tannenbaum as Chief Executive Officer and a member of the Board of Directors, effective immediately. In conjunction with the appointment, Mike Cagney,… Read More

Figure Technologies Introduces Marketplace for Trading Blockchain-Native Assets and Stocks

Figure Technologies announces the launch of Figure Markets, the first step in a vision to create an “everything marketplace”– a single platform where investors can trade a range of blockchain-native assets from crypto to stocks to alternative investments. Figure Markets has secured over $60 million… Read More

Figure, Tom Farley, and VC Proof Group Look to Reanimate FTX: Report

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

Figure Has Completed $16 Billion in Blockchain based Lending Since 2018

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

Apollo is Next Firm to Leverage Blockchain Tech to Offer a Fund

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

Hamilton Lane, Figure to Launch Private Markets-Focused, Blockchain-Native Registered Investment Fund

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

Figure Completes Digital Securities Transaction, Secondary Trading of Private Company Occurs on Blockchain

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

New York Community Bank Completes Blockchain-Based Digital Payment Process Using Figure

New York Community Bancorp this week announced its banking subsidiary, New York Community Bank, successfully completed a new digital payment process through the creation of a blockchain-based digital marker. It allows Figure Technologies to conduct real-time secondary trading in digital shares of its stock utilizing… Read More

Mike Cagney’s Figure Inks Two Deals With Fintech Software Provider Sagent

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

Blockchain based Fintech Figure Merges with Mortgage Provider Homebridge Financial Services

Figure, a financial services firm utilizing blockchain technology, has announced a merger with Homebridge Financial Services. Figure was founded by CEO Mike  Cagney, the founder of publicly-traded SoFi, a Fintech unicorn. The terms of the deal were not revealed. At the end of July, Figure… Read More

Figure Completes $200M Series D

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

Canadian Firm Figment Explains how Cosmos based Provenance Blockchain Supports Nascent DeFi Ecosystem

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

Mike Cagney’s Blockchain Firm Figure Technologies Acquires $200M via Series D at $3.2B Valuation

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

Mike Cagney from Figure Technologies Says their Blockchain Enabled Provenance Platform can Open Up Universe of Security Tokens

Figure Securities, a division of the digital lending service provider Figure Technologies, has reportedly acquired approval from the US Securities and Exchange Commission (SEC) to serve as a broker-dealer and also operate as an SEC-registered Alternative Trading System for digital securities that are custodied on… Read More

Mike Cagney’s Figure Technologies Receives Regulatory Approval to Operate Alternative Trading System

Figure Technologies, a lending platform that uses blockchain technology, announced on Wednesday its subsidiary, Figure Securities, Inc. has become a FINRA-approved broker-dealer and an SEC-registered Alternative Trading System (ATS) for digital securities custody on Provenance Blockchain. As previously reported, Figure is the creation of Mike… Read More

Blockchain Firm Figure Receives $100 Million from JPM for Jumbo Mortgages

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

Conference of State Bank Supervisors Targets OCC Chartering Authority of Fintechs in Lawsuit, Points Finger at Figure Technologies

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

Fintech Firm Figure Technologies Is Pursuing National Bank Charter to Consolidate Oversight

The Office of the Comptroller of the Currency (OCC), an independent bureau within the US Treasury Department that serves to charter, regulate, and supervise all national banks and several other types of institutions, had introduced a specialized bank charter in 2018 that would not have… Read More

Mike Cagney’s Figure Technologies Applies For U.S. National Bank Charter & Announces New CEO For Figure Bank

Figure Technologies, a lending platform that uses blockchain technology, announced on Friday it has applied for a U.S. national bank charter The fintech is now seeking the Office of Comptroller of the Currency’s approval to offer home equity loans and financing services across the U.S…. Read More

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