Figure Markets, a San Francisco, CA-based company working for private capital markets, raised $60M in Series A funding.
The round was led by Jump Crypto, Pantera Capital and Lightspeed Faction with participation from Distributed Global, Ribbit Capital, CMT Digital, among others. As part of the round, Dan Morehead, Founder and Managing Partner of Pantera Capital, will join the Figure Markets board of directors.
Led by Mike Cagney, CEO, and June Ou, Figure Markets aims to develop a decentralized financial marketplace where investors can trade a wide range of blockchain-native assets from crypto to stocks to alternative investments. With its MPC wallets, private keys are distributed across a decentralized network, requiring multi-party approval for every movement. This approach allows decentralized custody – eliminating the need for a central custodian or clearing agent – and minimizes counterparty risk and ensures users’ continued control over their assets.
FinSMEs
19/03/2024