Tag: Figure

NYCB and Group of Banks Join to Launch USDF Stablecoin

NYCB and Group of Banks Join to Launch USDF Stablecoin

A group of U.S.-based banks is launching their own stablecoin, USDF. The stablecoin will be issued by the USDF Consortium, which will allow its members (financial and banking institutions) to issue USDF. The proposed stablecoin will be the first currency of its kind to be minted by FDIC-insured institutions and compliant with the recommendations on […]

Continue Reading

Figure boss Cagney sees digital assets exchanges as the ‘centerpiece’ of Apollo partnership

Figure boss Cagney sees digital assets exchanges as the ‘centerpiece’ of Apollo partnership

Quick Take Figure and Apollo, the asset management giant, are exploring ways to use the Provenance blockchain to create exchanges and other financial services.  Provenance, which is targeting full decentralization, is trying to lure heavily regulated institutions away from Ethereum and other blockchains. This feature story is available to subscribers of The Block Daily. You […]

Continue Reading

Blockchain lending firm Figure raises $200 million, pushing its valuation to $3.2 billion

Blockchain lending firm Figure raises $200 million, pushing its valuation to $3.2 billion

Blockchain-based lending firm Figure Technologies has raised $200 million in a Series D funding round, pushing its valuation to $3.2 billion. The round was co-led by 10T Holdings and Morgan Creek Digital. Other investors included Digital Currency Group, Ribbit Capital, DCM and DST Global. Founded in 2018 by former SoFi founder Mike Cagney, Figure provides […]

Continue Reading

Figure SPAC seeks to raise $250 million in initial public offering

A blank-check company tied to blockchain lending startup Figure has formally unveiled its plan for an initial public offering, according to a press release.  Figure Acquisition Corporation I aims to sell 25 million units for $10 each, which will be listed under the ticker symbol “FACA.U” on the New York Stock Exchange. Trading begins on […]

Continue Reading

Digital Currency Group is planning to launch a new wealth management subsidiary

Digital Currency Group is planning to launch a new wealth management subsidiary

Quick Take DCG has a new wealth management business in the works, according to two sources familiar with the plan. It would join the firm’s asset management business Grayscale as a part of DCG’s family of companies.  This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature […]

Continue Reading