According to Odaily Planet Daily, Figure Technology Solutions has launched Figure Connect, a blockchain-based private credit market that aims to improve market liquidity through standardized sales terms and documents. In addition, the platform allows investors to commit to provide funds before the loan is issued, and uses blockchain technology to achieve higher transparency and immutability, thereby reducing third-party audit costs. So far, the company has signed contracts with two loan originators, The Loan Store and Movement Mortgage, and two loan buyers, Bayview Asset Management and Saluda Grade.
