Sixth Street backs blockchain lender Figure with $200M investment

Global concern steadfast Sixth Street has invested $200 cardinal successful Figure Technology Solutions, a US-based lender that uses blockchain exertion to boost efficiencies and little costs successful the lending market. 

According to a Feb. 27 study by The Wall Street Journal, the concern volition let Figure to contented up to $2 cardinal successful caller loans. It volition besides assistance the institution grow into different lending markets. 

Figure Technology chiefly issues location betterment loans but besides offers concern loans and indebtedness consolidation services. It besides operates a idiosyncratic lending concern that allows cryptocurrency investors to instrumentality retired collateralized loans. 

Figures’ website claims to person served much than 100,000 households crossed 47 US states. 

Figure Technology bears a akin sanction arsenic Figure Markets, a integer plus speech that was precocious approved to launch a yield-bearing US dollar stablecoin. Figure Technologies spun disconnected its lending part successful March 2024, creating a caller genitor entity called Figure Technology Solutions.

For Sixth Street, the concern successful Figure Technology expands its beingness successful the fintech industry. In December, the concern steadfast backed user lending institution Affirm successful a $4-billion deal. 

Related: VC Roundup: Bitcoin RWA, BNB incubator, Web3 gaming unafraid funding

Blockchain backing deals acceptable to emergence successful 2025

Despite an uncertain macroeconomic backdrop punctuated by tariff threats and elevated inflation, task superior firms are expected to allocate much superior to blockchain startups this year. Positive catalysts this twelvemonth see a pro-crypto Trump medication and the imaginable for little involvement rates, particularly successful the 2nd fractional of 2025. 

According to PitchBook, venture superior investments successful the blockchain and cryptocurrency assemblage volition scope $18 cardinal this year, up from $13.6 cardinal successful 2024. A caller study from Galaxy Research besides tipped blockchain task deals to emergence by 50% year-over-year. 

Blockchain and crypto projects volition pull much backstage superior successful 2025. Source: Galaxy Research

Jeffrey Hu, caput of concern probe astatine HashKey Capital, told Cointelegraph that task firms are progressively focused connected consumer-oriented applications of blockchain technology. Some of the astir promising usage cases see decentralized carnal infrastructure networks (DePINs) and real-world assets.

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