Figure Technology Solutions launches Figure Connect, a blockchain-based private credit loans marketplace.
Figure Technology Solutions, the parent company of Figure Lending, has launched Figure Connect, a blockchain-based marketplace for private credit loans. This first-of-its-kind platform allows originators to receive forward commitments from buyers, lock active bids, control loan pricing, and deliver pools of loans into those commitments. Integrated into Figure's loan ecosystem, Figure Connect uses Provenance Blockchain, reducing typical settlement processes from months to days.
June 12, 2024
5 Articles