Figure Technologies, which designed blockchain technology platforms for financial services, has hit a $3.2bn valuation after closing its Series D.
The round, which closed on $200m, was co-led by 10T Holdings and Morgan Creek Digital, with commitments also coming from DCM, Digital Currency Group, HCM Capital, Ribbit Capital, RPM Ventures, the partners at DST Global and more.
With the support of the investment, Figure plans to further the development of its blockchain.
Figure uses Provenance, a public, open source, permissionless and decentralised blockchain, for its digital asset marketplaces. Its services support the home lending, capital table management, fund management and administration, banking, and payments sectors.
10T Holdings general partner Dan Tapiero said, “10T believes that Figure is building next-generation lending, trading, and settlement infrastructure for the Digital Asset Ecosystem.
“The speed, transparency, finality, and cost-efficiency of Provenance blockchain will be an improvement to the systems and framework that exist in the traditional financial world. We are thrilled to be able to partner with and invest in one of the premier leadership teams in the space.”
In addition to the funding, Morgan Creek general partner Sachin Jaitly and 10T co-founder and partner Stan Mironshik will join the company’s board.
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