Figure Shares Fall as $600mn Note Sale Funds Its Push Into Property Lending
Figure Technology Solutions (FIGR), the blockchain-native marketplace for tokenized loans, began a $600mn private offering of senior notes due 2031 on 6 Jul, converting a bridge loan
➤ Figure Technology Solutions is raising $600 million through a private offering of senior notes to fund its expansion into real estate lending, including the acquisition of Kiavi. ➤ Despite a strong quarterly performance and growth in its tokenized loan marketplace and yield-bearing stablecoin, Figure's shares fell due to investor focus on the new debt. ➤ The move signifies a bet on integrating traditional lending books onto blockchain infrastructure, with Kiavi's acquisition expected to significantly boost Figure's first-lien loan volume.
















