In brief
- Figure now offers crypto-backed loans to everyday U.S. investors via its Figure Markets platform, allowing users to borrow up to 75% of the value of their Bitcoin, Ethereum, or Solana holdings.
- The service addresses the needs of crypto-rich but cash-poor investors, who have historically struggled to use digital assets as loan collateral.
- Security features include segregated MPC custody wallets and an optional liquidation protection plan to shield borrowers from sudden market volatility.
Crypto assets have performed well in recent years, but when it comes to providing collateral to support lending, up until recently, at least, they have been pretty lacking.
Though a few traditional banks such as JPMorgan have experimented with…
