Figure Technologies Inc. launches Figure Markets Inc. with $60 million Series A funding.

The funding round was led by Jump Crypto, Pantera Capital, and Lightspeed Faction.

Figure Markets will be a cryptocurrency exchange using Provenance blockchain for trading assets.

The platform aims to enable trading of cryptocurrency, securities, and alternative investments.

Multiparty computation technology will be used to enhance security and reduce fraud.

Figure Markets plans to introduce a registered security alternative to stablecoins.

The initiative represents a significant shift in financial markets through blockchain use.

CEO Mike Cagney aims to broaden blockchain benefits to a wider array of assets.