Figure Technologies has attracted $60 million in investments

Figure Technologies has closed a $60 million Series A funding round, which was jointly led by Jump Crypto, Pantera Capital and Lightspeed Faction with the participation of Distributed Global, Ribbit Capital and CMT Digital. This is reported by The Block with reference to a press release.

It is known that the funds received will be used to launch the Figure Markets platform, which will operate on the Provenance blockchain. According to the press release, it will be possible to trade cryptocurrencies, stocks and "alternative investments" on the site.

In addition, the message says that the company plans to develop a "registered alternative to stablecoins" that will be used in its ecosystem.

"Our goal is to extend the benefits of blockchain to a wider range of assets, including cryptocurrencies and securities. It is ironic that the largest crypto exchanges do not operate on the blockchain, we are striving to change this," said Mike Cagney, CEO of Figure Markets.

The press release also says that Figure Markets plans to create a decentralized crypto exchange and a securities market with wallets using multi-party computing technology.

Source: https://incrypted.com/figure-technologies-privlekla-60-mln-investicij/