Tagged: provenance

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

September 4, 2023 @ 1:46 am By Omar Faridi  |  

Elliptic – which claims to be the global leader in crypto-asset risk management – is pleased to announce that it is collaborating with Provenance Blockchain Foundation in order “to integrate the Provenance Blockchain into its wallet intelligence tool.” With Elliptic Lens, companies transacting on the… 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

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

September 17, 2021 @ 3:59 pm By Tony Zerucha  |  

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

August 3, 2021 @ 3:50 pm By JD Alois  |  

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

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

May 17, 2021 @ 10:52 pm By Omar Faridi  |  

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

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

October 27, 2019 @ 5:24 pm By JD Alois  |  

Figure Technologies, a lending platform that uses blockchain technology, is now offering student loan refinancing. Figure’s initial products included HELOC’s (home equity loans) and mortgage refinancing. Figure is the creation of Mike Cagney, founder of SoFi – a Fintech that started with the student lending… Read More

September 7, 2019 @ 9:47 am By JD Alois  |  

Caliber Home Loans, a privately-held financial services company and a leading mortgage provider, has become the first outside lender to utilize the blockchain-based platform Provenance. Provenance is the creation of Figure, a Fintech that provides Home Equity loans leveraging the Provenance blockchain as well. Figure/Provenance… Read More

July 15, 2019 @ 12:30 pm By JD Alois  |  

This past May, Figure Technologies, closed on $1 billion in asset-based financing custodied on the Provenance Blockchain, Inc. (PBI) – a ledger technology Figure built in house. Figure Technologies is SoFi founder Mike Cagney’s latest Fintech venture. Provenance is a protocol created to originate, finance,… Read More