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Figure Technology secures $250M funding from Cross River Bank for crypto-backed loans

Market News
17 Jun 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Figure Technology has secured a $250 million forward-flow funding agreement with Cross River Bank to support its crypto-backed consumer loan program. This deal allows borrowers to access USD liquidity by pledging digital assets as collateral without selling them, marking a significant step in integrating traditional banking with crypto finance. Cross River Bank will purchase loans originated by Figure up to the $250 million limit, providing Figure with capital to continue lending while giving Cross River exposure to crypto assets. This partnership highlights growing institutional acceptance of crypto-backed lending amid improved regulatory compliance and risk management.

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