<p>Blockchain-based lending firm Figure Technologies has raised $200 million in a Series D funding round, pushing its valuation to $3.2 billion.</p> <p>The <a href="https://www.businesswire.com/news/home/20210520005738/en/Figure-Raises-200-Million-Series-D-Co-Led-by-10T-Holdings-and-Morgan-Creek-Digital">round was co-led by</a> 10T Holdings and Morgan Creek Digital. Other investors included Digital Currency Group, Ribbit Capital, DCM and DST Global.</p> <p>Founded in 2018 by former SoFi founder Mike Cagney, Figure provides financial services, including loans and mortgage refinance, using its own blockchain called Provenance.</p> <p>"Figure is building next-generation lending, trading, and settlement infrastructure," said Dan Tapiero, general partner of 10T Holdings. "The speed, transparency, finality, and cost-efficiency of Provenance blockchain will be an improvement to the systems and framework that exist in the traditional financial world."</p> <p>Figure also applied for a U.S. banking charter last year through the Office of the Comptroller of the Currency. The application has yet to receive approval.</p> <p>In December 2019, the firm <a href="https://www.theblockcrypto.com/post/49334/ex-sofi-ceo-cagneys-blockchain-startup-figure-closes-103m-series-c-at-1-2b-valuation">raised</a> $103 million in Series C funding at a post-money valuation of $1.2 billion.</p> <p>The Series D brings Figure's total funding to date to over $425 million. Additionally, 10T Holdings' co-founder and partner Stan Mironshik and Morgan Creek's general partner Sachin Jaitly have joined Figure's board.</p>