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Figure Completes $150 Million Securitization on the Blockchain

Figure Completes $150 Million Securitization on the Blockchain

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FintechNews RoundupUSA
··1 min read

The $150 million securitization of HELOCs is being billed as the first transaction where all aspects were managed on the blockchain; this includes everything from the issuance of the bonds to collecting borrower’s payments that all run on Provenance; by leveraging the Provenance blockchain Figure can both speed up the process and at the same time lower the costs to originate loans; Jefferies Group and Nomura managed the bond sale for Figure; so far Figure has raised over $225 million and was last valued at $1.2 billion. Coindesk

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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