Blockchain Lending Firm Figure Sets Up Blank-Check Firm For $250 Million Fundraise

The blockchain lender headquartered in Silicon Valley uses its own blockchain called Provenance to partially automate the issuance of mortgages and loans. Founded in 2018, the startup has already raised $220 million from Ribbit Management, DST Capital, RPM Ventures, Nimble Ventures and Morgan Creek, according to the filing. Cagney, a former SoFi executive, would become the chairman of the board for the newly formed entity. According to Figure’s SEC filing, the startup anticipates targeting fi
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