Figure Launches Decentralized Trading Platform Using Crypto as Collateral

Figure Markets combines alternative trading system with ability to use crypto and traditional assets as collateral.

Uses multiparty computation wallets and decentralized order book for greater security.

Aims to expand lending and borrowing options using $100M from Figure's balance sheet.

Seeks to reshape financial markets by removing need for brokers and prime services.

Backed by major market maker Jump Trading and led by serial entrepreneur Mike Cagney.