Fintech lender Cross River Bank is set to purchase up to $250m (£187.6m) of assets from blockchain lender Figure Technology Solutions.

The forward-flow agreement will support Figure’s crypto-backed lending business, providing consumers with liquidity without requiring them to sell their digital asset holdings.

Through Figure’s crypto-backed loan product, borrowers can use their digital assets as collateral to access financing while retaining ownership of those assets, the firm said. Figure and its partners have originated more than $25bn of home equity to date.

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“For many consumers who own digital assets, crypto-backed…