Figure Markets completed US$60 million in Series A financing, led by Jump Crypto, Pantera Capital and others

US fintech company Figure Technologies announced today that it will form an independent company called Figure Markets, a "first step" in developing a single platform for investors to trade natively on various blockchains Assets, including cryptocurrencies, stocks and alternative investments. Prior to the launch, Figure Markets raised more than $60 million in Series A funding led by Jump Crypto, Pantera Capital, and Lightspeed Faction, with additional participation from Distributed Global, Ribbit Capital, and CMT Digital, according to its press release. It is reported that the new trading platform will utilize the Provenance blockchain, which has a TVL of $13 billion according to its website. Figure Markets’ initial plans include a new decentralized custodial crypto exchange and a blockchain-native securities market powered by MPC technology to help minimize the risk of “single points of failure” in centralized entities. . Figure said it is also developing an alternative to registered securities for stablecoins that can be used in its ecosystem. (The Block)