According to Bloomberg, blockchain startup Figure is collaborating with Goldman Sachs, JPMorgan, and Jefferies, and its credit department may go public in 2024. These three institutions have also worked with Figure on the issuance of asset-backed securities (ABS) in April. The company is valued at $2 billion to $3 billion.
In addition, Figure hopes to raise $50 million for its digital asset division. BlockBeats previously reported that Figure completed a $200 million Series D financing round at a valuation of $3.2 billion in May 2021, with lead investors 10T Holdings and Morgan Creek Digital.
Sources say that the company was expected to raise $300 million in 2022, but the financing deal was put on hold due to the bear market. The ongoing $100 million financing may be delayed as Figure does not agree to lower its valuation.