Mike Cagney, CEO of blockchain firm Figure Technologies, said the company plans to launch Figure Markets as a multi-asset exchange. While the goal is to build a decentralized exchange (DEX), he aims to go live in April, starting with crypto and decentralized custody.
Figure Technologies has raised hundreds of millions in equity funding, founded the Provenance blockchain, and extended more than $6 billion in home equity loans. Figure founded the lending business to demonstrate blockchain’s utility and advantages and will likely spin it off in an IPO.
One of its subsidiaries holds an alternative trading system (ATS) license, which it can leverage for its exchange.
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