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Blockchain Startup Figure Technologies Is applying National Bank Charter From OCC

Mary Liu

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

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