Overview of Transaction

• On March 18, 2024, Figure Technologies announced the launch of Figure Markets, and announced that Figure Markets has secured over $60 million in a Series A funding round
• The oversubscribed round was led by Jump Crypto, Pantera Capital and Lightspeed Faction with participation from Distributed Global, Ribbit Capital, CMT Digital, among others
• The launch of Figure Markets is the first step in a vision to create an “everything marketplace”– a single platform where investors can seamlessly trade a wide range of blockchain-native assets from crypto to stocks to alternative investments
• Figure Markets will launch a new decentralized custody crypto exchange and blockchain-native security marketplace that incorporates Multi-Party Computation (MPC) technology, which helps eliminate the single-point-of-failure risks inherent in many centralized exchanges
• With Figure Markets’ MPC wallets, private keys are distributed across a decentralized network, requiring multi-party approval for every movement, which not only allows for decentralized custody – eliminating the need for a central custodian or clearing agent – but also minimizes counterparty risk and ensures users’ continued control over their assets

Significance of Transaction

• Figure Markets’ integrated platform will feature highly liquid markets along with easy options for lending and borrowing; over time the intent is to offer trading in a variety of equity, fixed income and crypto products, alternative investment options, utilizing cross-collateralization and netting
• Figure Markets will operate independently of Figure Lending

FT Partners' Role

• FT Partners served as strategic and financial advisor to Figure Markets on this transaction
• This transaction highlights FT Partners’ deep expertise in the digital assets industry, as well as its extensive track record advising innovative FinTech companies globally