Figure has announced a partnership with Sixth Street aimed at enhancing liquidity for its private credit loans. The joint venture will focus on securitizing Figure loans, starting with Home Equity Lines of Credit (HELOCs) and eventually expanding to other non-agency credit assets. Leveraging Figure Connect, a blockchain marketplace, the initiative is designed to streamline loan sales, providing benefits like cash flow management and risk hedging. This strategic alliance is set to lower borrowing costs and foster a more liquid securities market in the private credit sector.
"This joint venture between Figure and Sixth Street puts Figure Connect on a trajectory that is ultimately intended to lower costs for lenders and borrowers..."
"We're excited to be an integral partner in this Figure Connect marketplace milestone and support the strategic growth of a transformational solution..."
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