Search results for Figure Technology
Crypto
Bernstein says RWA market tops $51 billion, private credit largest segment
The real-world asset (RWA) market is expanding rapidly, with tokenised private credit emerging as a core segment, Bernstein Research said. It estimated the RWA market at about $51 billion this year, with tokenised private credit making up about 44 percent. Bernstein said differences in classification standards led to gaps with other estimates. It cited BlackRock\'s BUIDL and U.S. Treasury-linked tokens as major areas, and said Figure Technology Solutions led platforms by tokenised assets.
Crypto
CoinShares crypto asset manager to list on Nasdaq via SPAC merger
Crypto asset manager CoinShares will list on the Nasdaq through a merger with SPAC Vine Hill Capital, creating holding company CoinShares PLC. Shares will trade under the ticker CSHR. The deal was first announced in September and valued the company at about $1.2 billion including $50 million from institutional investors. Chief executive Jean-Marie Mognetti said U.S. listing is needed to grow in the U.S. market.
Crypto
Figure Technology unveils blockchain-based stock lending platform
Nasdaq-listed Figure Technology has launched a blockchain-based stock lending platform, Cointelegraph reported on Jan. 14. The company said its On-Chain Public Equity Network, or OPEN, supports companies in issuing and lending real shares directly on the blockchain. Figure CEO Mike Cagney said investors can lend shares or use them as collateral without brokers. The company expects improved settlement efficiency and greater transparency in ownership and lending activity.