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Tag: Figure Technologies

FTT Token Spikes 76% After SEC Chair Signals Openness To An FTX Exchange Reboot

Advertisement &nbsp &nbsp Plans to bring Sam Bankman-Fried’s crypto exchange FTX back to life are currently underway. Three bidders, including a company run by...

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Sagent to power loan servicing for Bank of England Mortgage

The Arkansas-based lender will use Sagent’s servicing solutions to collect monthly payments from borrowers and manage loans when homeowners get behind on their payments. In...

USDF Consortium launches to develop and promote bank-minted stablecoin

The FDIC-insured banks want to “unlock the financial opportunities” of blockchain technology.

NYCB and Group of Banks Join to Launch USDF Stablecoin

USDFA 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 […]

Consortium of U.S. banks looking to launch bank-issued stablecoin

A consortium of United States banks or “an association of FDIC-insured financial institutions” including New York Community Bank (NYCB), NBH Bank, FirstBank, Sterling National Bank, and Synovus Bank is set to launch a “bank-minted” stablecoin with the ticker USDF.

The post Consortium of U.S. banks looking to launch bank-issued stablecoin appeared first on CryptoSlate.

American Banks Formed Consortium To Mint USDF Stablecoins

A number of American banks formed a consortium to mint USDF stablecoins in an effort to address consumer protection and regulatory concerns about the non-bank-issued stablecoins as we can see more today in our cryptocurrency news. The USDF Consortium is an association of the Federal Deposit Insurance Corporation that was launched on January 12th. The […]

Blockchain-based startup figure creates platform for raising equity

Figure Technologies Inc., the startup co-founded by Mike Cagney, created a platform to help private companies raise and trade equity using its blockchain technology. Figure Equity Solutions has already helped manage, raise and trade more than $4.7 billion in equity, the company said Wednesday in a statement. The business has done two secondaries now with […]

Can Digital Assets Really Disrupt Payments?

As digital assets continue to become more and more mainstream, what role they’ll play as they move beyond a token for professional traders to something more widespread and ubiquitous remains a primary question. To some extent, there are no clear answers – yet. A lot depends on the moves that government organizations and banks make moving forward, and the answers they come up with could have ramifications that completely change the nature of banking going forward. While the regulatory answers are still murky – though that may not be the case for long, as the Biden administration continues to focus

The post Can Digital Assets Really Disrupt Payments? first appeared on FinTech Rising.

New York Community Bank Completes Blockchain-Based Digital Payment Process Using Figure

New York Community Bancorp this week announced its banking subsidiary, New York Community Bank, successfully completed a new digital payment process through the...

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

After the Series D round, Figure Technologies has raised more than $425 million and its valuation is up to $3.2 billion.

The post Blockchain lending firm Figure raises $200 million, pushing its valuation to $3.2 billion appeared first on The Block.

Figure hits $3.2bn valuation on $200m fund raise

Figure Technologies, a blockchain-based startup for providing loans against mortgage equity, is closing a $200 million Series D funding round at a...

Mike Cagney’s Blockchain Firm Figure Technologies Acquires $200M via Series D at $3.2B Valuation

Figure Technologies, Inc., which aims to transform financial services by leveraging the power of blockchain tech, has finalized a $200 million Series D...

Mike Cagney from Figure Technologies Says their Blockchain Enabled Provenance Platform can Open Up Universe of Security Tokens

Figure Securities, a division of the digital lending service provider Figure Technologies, has reportedly acquired approval from the US Securities and Exchange Commission...

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