Figure launches Figure Markets entity after $60 million Series A funding round

Financial technology company Figure Technologies today announced that it is launching a separate company called Figure markets, the "first step" in developing a single platform for investors to trade a variety of blockchain assets, including cryptocurrencies, and that at launch, Figure Markets has raised over $60 million in Series A funding led by Jump Crypto, Pantera Capital, and Lightspeed Faction. At launch, Figure Markets raised more than $60 million in a Series A round led by Jump Crypto, Pantera Capital and Lightspeed Faction. Other participants included Distributed Global, Ribbit Capital, and CMT Digital, and Figure said it is also working to develop a registry-secure alternative to stablecoins for use in its ecosystem.