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Blockchain-Based Startup Figure Creates Platform for Raising Equity

  • Figure’s new platform putting its focus on private firms
  • Business has already handled more than $4.7 billion in equity
Mike Cagney

Mike Cagney

Photographer: David Paul Morris/Bloomberg
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Figure Technologies Inc., the startup co-founded by Mike Cagney, created a platform to help private companies raise and trade equity using its blockchain technology. 

Figure Equity Solutions has already helped manage, raise and trade more than $4.7 billion in equity, the company said Wednesday in a statement. The business has done two secondaries now with a “relatively robust” amount of institutional participation, Cagney said in a phone interview.