Ex-SoFI CEO’s Startup Closes $1 Billion Credit Line on a Blockchain
Figure Technologies, founded by former SoFi CEO Mike Cagney, has closed a $1 billion “uncommitted” line of credit on a 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.
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?
If granted, the charter would replace the blockchain-based lender's hodgepodge of state licenses with a single nationwide regulator.
Asiff Hirji, Coinbase's former president and COO, will take on a new role as president of blockchain-based lending startup Figure Technologies.
Blockchain-based consumer lender Figure added Morgan Creek Digital’s Anthony “Pomp” Pompliano to its board following a $103 million funding round.