TechFlow news, on February 28, according to Cointelegraph, global investment firm Sixth Street has invested $200 million in U.S. blockchain lending company Figure Technology Solutions. The investment will enable Figure to originate up to $2 billion in new loans and help the company expand into other lending markets.
Figure Technology primarily offers home improvement loans, as well as commercial lending and debt consolidation services, and operates a personal loan business allowing cryptocurrency investors to obtain secured loans. According to its website, the company has served over 100,000 households across 47 states in the U.S.
Figure Technology Solutions was established in March 2024 through the spin-off of the lending division from Figure Technologies. Figure Markets, a similarly named entity, is a digital asset exchange that recently received approval to launch an income-generating dollar-pegged stablecoin.
