What appears to be another post-FTX trading and custody play with institutions in mind, is really all about visionary disruption.
SEC’s Gensler hints he’s open to a FTX reboot under proper leadership: Report
“If Tom or anybody else wanted to be in this field, I would say, ‘Do it within the law,’” SEC Chair Gary Gensler iterated.
Figure Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year Fight
Figure Technologies, Inc., has pulled its application to become a federally chartered bank in the U.S., ending a three-year rollercoaster ride as regulators clamped down on crypto activity and digital assets banking suffered a black eye when regional lenders associated with the tech world cratered earlier this year.
Blockchain Mortgage Platform Figure Launches SPAC to Raise $250M
Figure seeks to raise $250 million through the special purpose acquisition company, according to a regulatory filing on Thursday night.
JPMorgan Provides $100M Financing Facility for Blockchain Mortgage Platform Figure
The facility covers both conforming and jumbo mortgages – loans in excess of the traditional lending restrictions.
Figure Technologies Applies for US National Bank Charter
A charter would give the fintech national clearance for its blockchain-based financial services.
Figure Technologies Securitizes $150M of Home Equity Loans on Blockchain
The deal may serve as a showcase for DLT’s benefits to Wall Street at a time when such use cases no longer generate the same buzz as five years ago.
Mainstream Moments and the CompuServe of Crypto, Feat. Andreas M. Antonopoulos
With the price of bitcoin headed up again, the idea of blockchains and digital currencies has never been more palatable to the mainstream. We’ve seen this cycle before, but could this time be different?
Former Coinbase COO Joins Blockchain-Based Lending Firm Figure
Asiff Hirji, Coinbase’s former president and COO, will take on a new role as president of blockchain-based lending startup Figure Technologies.
Pompliano Joins Board of Blockchain-Based Lending Firm After $103M Raise
Blockchain-based consumer lender Figure added Morgan Creek Digital’s Anthony “Pomp” Pompliano to its board following a $103 million funding round.
Ex-SoFI CEO’s Startup Closes $1 Billion Credit Line on a Blockchain
Figure Technologies, a fintech startup founded by former SoFi CEO Mike Cagney, has closed up to $1 billion “uncommitted” line of credit on a blockchain.