Sixth Street backs blockchain lender Figure with $200M investment

Global investment firm Sixth Street has invested $200 million in Figure Technology Solutions, a US-based lender that uses blockchain technology to boost efficiencies and lower costs in the lending market.

According to a Feb. 27 report by The Wall Street Journal, the investment will allow Figure to issue up to $2 billion in new loans. It will also help the company expand into other lending markets.

Figure Technology primarily issues home improvement loans but also offers business loans and debt consolidation services. It also operates a personal lending business that allows cryptocurrency investors to take out collateralized loans.

Figures’ website claims to have served more than 100,000 households across 47 US states.

Figure Technology bears a similar name as Figure Markets, a digital asset exchange that was recently approved to launch a yield-bearing US dollar stablecoin. Figure Technologies spun off its lending division in March 2024, creating a new parent entity called Figure Technology Solutions.

For Sixth Street, the investment in Figure Technology expands its presence in the fintech industry. In December, the investment firm backed consumer lending company Affirm in a $4-billion deal.

Blockchain funding deals set to rise in 2025

Despite an uncertain macroeconomic backdrop punctuated by tariff threats and elevated inflation, venture capital firms are expected to allocate more capital to blockchain startups this year. Positive catalysts this year include a pro-crypto Trump administration and the potential for lower interest rates, especially in the second half of 2025.

According to PitchBook, venture capital investments in the blockchain and cryptocurrency sector will reach $18 billion this year, up from $13.6 billion in 2024. A recent report from Galaxy Research also tipped blockchain venture deals to rise by 50% year-over-year.

Funding, Venture Capital, Lending — *Blockchain and crypto projects will attract more private capital in 2025. Source:* *Galaxy Research*

Jeffrey Hu, head of investment research at HashKey Capital, told Cointelegraph that venture firms are increasingly focused on consumer-oriented applications of blockchain technology. Some of the most promising use cases include decentralized physical infrastructure networks (DePINs) and real-world assets.

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