Blockchain lender applies for National Bank Charter

Figure Technologies, a blockchain based lender, has applied for a US National Bank charter. Currently operating in 49 states, a National Bank Charter would allow the Fintech to not only expand its business, but sharply reduce it’s regulatory burden. About a one-minute read.

Comment: Figure applies blockchain technology to loan issuance, processing and securitisation; they are one of the first firm’s to use this tech to solve an actual and complete business problem, rather than yet-another-proof-of-concept.