Figure Technology sells $50 million in crypto-backed loans

金色财经2025/05/21 14:12

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Fintech company Figure Technology sold a cryptocurrency-backed loan portfolio totaling $50 million to a private credit firm, marking the entry of private credit into the crypto lending market. Figure Technology, co-founded by former SoFi CEO Mike Cagney, focuses on using blockchain technology to provide financial services. This transaction demonstrates the growing interest of private credit institutions in crypto asset-backed loans. Despite the regulatory and market risks in this field, this move could open new avenues for the integration of crypto finance with traditional credit markets.

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