Search results for Figure Technology
Crypto
Money exits AI and flows into crypto stocks as miners slump alone
Funds that had crowded into artificial intelligence infrastructure stocks in the U.S. market moved into cryptocurrency-related shares, lifting the sector broadly. BitMine Immersion Technologies jumped after increasing its ethereum holdings, while Coinbase Global, BitGo and Figure Technology also rose. Strategy gained after building cash buffers, and Circle rose after buying IBM’s blockchain patent portfolio. By contrast, bitcoin mining stocks fell sharply, with analysts citing capex and funding concerns.
Crypto
Figure to buy AI-based real estate loan platform Kiavi for $717 million
Nasdaq-listed fintech company Figure Technology Solutions will acquire AI-based residential real estate loan platform Kiavi for $717 million. Figure will buy Kiavi’s technology and operating platform. It will also form a joint venture with investment firm Sixth Street and separately purchase Kiavi loan notes. Figure offers a home equity line of credit, a credit card-like product with a set limit that can be borrowed and repaid repeatedly, with limits rising as home values increase.
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.
