Founded by former Sofi executives, Figure uses its Provenance blockchain for loan origination, servicing, financing, and private funds.
The firm is looking for a charter to reduce the complexity of its operations.
Mike Cagney, CEO of Figure, says that without a charter it would end up with more than 200 state licences.
“By reducing complexity, we can leverage the technology efficiencies we have to deliver financial solutions to traditionally underserved and underrepresented consumers.”
The charter will enable Figure to offer what it calls a “cohesive” set of products and services across the US.
