Cryptocurrency lending firm Figure has raised $200 million in a Series D funding round led by 10T Holdings and Morgan Creek Digital. With the latest funding round, the company's total valuation has reached the $3.2 billion mark.
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Other investors like DCM, Digital Currency Group, HCM Capital, Ribbit Capital, RPM Ventures, also joined the funding round. Mike Cagney, Co-Founder and CEO of Figure, said that the latest investment will give the firm the resources it needs "to further fuel our mission of leveraging blockchain to reinvent the financial services industry."
Morgan Creek's investment in Figure comes after its Chief Executive, Mark Yusko, said that the price of the largest cryptocurrency by the market capitalization will rise to $250,000 within 5 years. According to Yusko, the adoption of bitcoin (EXANTE: Bitcoin) is similar to the development of large companies such as Facebook, Apple, Amazon, Netflix and Google, which reached a market capitalization of $1 trillion within 15-20 years.
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