Cross River, a technology infrastructure provider offering embedded financial solutions, announced a forward-flow agreement with Figure Technology Solutions that includes a commitment of up to $250 million in asset purchases to support Figure’s Crypto-Backed Loan product.

The agreement expands Cross River’s participation in the digital asset lending market through its Principal Finance Group (PFG). The committed capital is designed to help Figure provide consumers with U.S. dollar liquidity while allowing them to retain ownership of their cryptocurrency holdings. Borrowers can use digital assets as collateral to access financing instead of selling their crypto investments.

Cross River said the arrangement reflects its…