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Blockchain Startup Figure Technologies Is applying National Bank Charter From OCC
Summary: According to Bloomberg, Figure Technologies, a blockchain lending startup founded by former SoFi CEO Mark Cagney, is applying for a national bank charter from the Office of the Comptroller of the Currency (OCC). Figure focuses on issuing home equity credit lines on a private blockchain network, If it can obtain the bank charter has no ...
According to Bloomberg, Figure Technologies, a blockchain lending startup founded by former SoFi CEO Mark Cagney, is applying for a national bank charter from the Office of the Comptroller of the Currency (OCC).
Figure focuses on issuing home equity credit lines on a private blockchain network, If it can obtain the bank charter has no results yet, Cagney said: "It will allow the consumer to build a credit history and become a mainstream prime borrower."
By Mary Liu
Tags: Bank Charter,Blockchain,Figure,OCC
Link: Blockchain Startup Figure Technologies Is applying National Bank Charter From OCC [Copy]