Sixth Street invests $200 million in blockchain lending company Figure

global investment firm Sixth Street has invested $200 million in Figure Technology Solutions, a U.S.-based lending company that leverages blockchain technology to enhance the efficiency of the lending market and reduce costs. This investment will enable Figure to issue up to $2 billion in new loans and help the company expand into other lending markets.

Figure Technology primarily offers home improvement loans but also provides commercial loans and debt consolidation services. It also operates a personal loan business that allows cryptocurrency investors to borrow against their holdings. The Figure website claims to have served over 100,000 households from 47 states in the U.S.