Figure Technology Solutions (NASDAQ:FIGR) Chief Executive Officer Michael Tannenbaum said the company’s core strategy has remained consistent since its founding in 2018: building capital markets marketplaces on blockchain rails while using automation to lower costs and improve liquidity.
Speaking with Gautam Chhugani, Bernstein’s digital assets analyst, Tannenbaum described Figure as a company focused on “the future of the capital markets on blockchain rails.” He said the company’s largest revenue source remains its mortgage-related business, where Figure has built a network of 380 partners that use its technology to originate assets into an embedded blockchain-based capital markets system.
