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.
The facility covers both conforming and jumbo mortgages – loans in excess of the traditional lending restrictions.
If granted, the charter would replace the blockchain-based lender's hodgepodge of state licenses with a single nationwide regulator.
Figure seeks to raise $250 million through the special purpose acquisition company, according to a regulatory filing on Thursday night.
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?