Figure gets $200 Million Injection From Sixth Street, What Are Its Future Projects?

Jakarta, Pintu News – On February 27, Figure Technology Solutions, a blockchain-based lending platform, announced a major investment from Sixth Street, a private equity firm managing over $100 billion in assets.

The partnership marks a major step in the evolution of digital finance, with Sixth Street injecting $200 million into Figure’s personal credit division, Figure Connect.

Check out the full news below!

Strategic Partnerships for Financial Innovation

This investment is not only a capital injection, but also the establishment of a joint venture between Figure and Sixth Street’s Asset-Based Finance division. With this injection of funds, Figure Connect is expected to increase its loan origination capacity.

This is a strategic move given that Figure Connect uses blockchain technology to speed up and simplify the loan process. The joint venture is expected to inject more than $2 billion of liquidity into the non-agency mortgage market through Figure.

As such, Figure Technology plans to expand its operations, improve efficiency, and reduce borrowing costs, similar to the reduction in borrowing costs after TBA’s introduction in the agency mortgage space.

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Benefits of Blockchain Technology in Lending

The Figure Connect platform, launched in June 2024, leverages blockchain to offer benefits such as market risk hedging and sales automation. The Figure Connect network operates on top of the Provenance Blockchain, which Figure uses to integrate all the loans it issues.

This allows Figure’s partners to access price discovery through loan offers on the blockchain. By December 2023, over 40% of Figure’s transaction volume occurred on the blockchain. This demonstrates this technology’s rapid and effective adoption in Figure’s operations, confirming its position as a leader in real asset origination on the blockchain.

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Advantages of Partnership with Sixth Street

Through this partnership, Figure gets an injection of liquidity and access to always-on programmatic deals for its assets. This means that the assets generated by Figure will have ready buyers, speeding up the securitization process and increasing liquidity.

This partnership also allows Figure to expand its reach and capabilities in the digital finance market. With the support of Sixth Street, Figure can further increase innovation and efficiency in the financial services it offers. This will benefit not only Figure and Sixth Street but also the borrowers and lenders who use the Figure Connect platform.

Conclusion

The investment and partnership between Sixth Street and Figure Technology Solutions marks a new era in integrating blockchain technology in financial services. With a focus on innovation and efficiency, these two entities are poised to change how the world views and manages financial loans.

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Reference:

• Crypto News. Blockchain-Based Lender Figure Gets $200M Investment from Sixth Street. Accessed on March 3, 2025
• Featured image: Sixth Street