Figure Technology Solutions (FIGR), the blockchain-native marketplace for tokenized loans, began a $600mn private offering of senior notes due 2031 on 6 Jul, converting a bridge loan
- Figure Technology Solutions is raising $600 million through a private offering of senior notes to fund its expansion into real estate lending, including the acquisition of Kiavi.
- Despite a strong quarterly performance and growth in its tokenized loan marketplace and yield-bearing stablecoin, Figure's shares fell due to investor focus on the new debt.
- The move signifies a bet on integrating traditional lending books onto blockchain infrastructure, with Kiavi's acquisition expected to significantly boost Figure's first-lien loan volume.
Topics: Asset types, Infrastructure providers, Scalability, Real assets, Tokenization platforms, Institutional capital inflows
Tags: #figuretechnologysolutions #tokenizedloans #realestatelending #seniornotes #kiaviacquisition #blockchainnative #yieldbearingstablecoin #marketplacevolume #debtoffering
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