NEW YORK & CHICAGO — Figure Technology Solutions has entered into a financing agreement with Victory Park Capital (VPC), marking the first institutional sale of a pool of consumer Crypto-Backed Loans.
The deal accelerates Figure’s growth in crypto lending, offering borrowers liquidity against Bitcoin and Ethereum holdings. VPC, an early supporter of fintech innovation, sees the partnership as a strategic move to bridge decentralized and traditional finance.
Figure uses Provenance Blockchain for origination and monitoring and has built similar frameworks in its mortgage business. The product allows LTVs up to 75% and offers long-term financing options.
The loans will be integrated into Figure Connect, Figure’s blockchain-based marketplace connecting originators and buyers. With this move, Figure aims to create a liquid private capital marketplace for loans, now expanded to include crypto-backed assets.
