Odaily Planet Daily News Global investment company Sixth Street recently invested $200 million in blockchain loan platform Figure Technology Solutions to help it improve loan efficiency and expand the market.
This investment will support Figure to issue up to $2 billion in new loans, mainly providing home improvement, commercial loans and debt consolidation services. Figure also allows cryptocurrency investors to use digital assets as collateral.
Sixth Street further expanded its layout in the field of financial technology through this investment. It has also invested in consumer loan company Affirm before.
Despite increased macroeconomic uncertainty, venture capital firms expect investment in blockchain startups to grow in 2025, which is expected to reach $18 billion, an increase of about 32% from 2024. (Cointelegraph)