How Figure is Democratizing Crypto-as-Collateral for Mainstream Users

▤ Summary

Figure launched a crypto-backed loan product on its Figure Markets marketplace that lets U.S. retail users borrow against Bitcoin, Ethereum, or Solana holdings for up to 75% LTV. Loans use segregated MPC self-custody wallets, optional liquidation protection, and tiered interest rates starting around 8.91% (9.999% APR) for lower LTVs and 11.50% (12.62% APR) up to 75% LTV. The product targets crypto-rich, cash-poor Millennials and Gen Z, enabling access to cash without selling crypto and potentially deferring capital gains tax events. Availability currently excludes several U.S. states and comes with state- and jurisdiction-specific disclosures and loan limits.

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