Search results for Mike Cagney
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
Figure launches $150 million tokenised stock
Figure Technology has unveiled blockchain-based tokenised stock FGRD, The Block reported on Feb. 19. The shares will be issued on Figure\'s Open Public Equity Network and traded directly on blockchain without traditional financial intermediaries. Investors can access the stock via the Figure Markets app and a self-custody wallet, and can lend and borrow using Figure\'s decentralised finance protocol.
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.