Sixth Street Invests $200 Million in Blockchain Lending Company Figure

BlockBeats News, February 28th, according to Cointelegraph, global investment firm Sixth Street has invested $200 million in Figure Technology Solutions, a U.S.-based lending company that leverages blockchain technology to improve the efficiency and reduce the cost of the lending market.

This investment will enable Figure to originate up to $20 billion in new loans and help the company expand into other lending markets.

Figure Technology primarily offers home improvement loans but also provides commercial loans and debt consolidation services. It also operates a personal loan business, allowing cryptocurrency investors to borrow in the form of collateralized loans.

The Figure website claims to have served over 100,000 households from 47 states in the U.S.