Figure, a blockchain-focused financial service company and Apollo, a global alternative asset manager, announced today completing a transaction involving the origination of digital mortgage loans and transfer of ownership via blockchain technology, according to a press release shared with FinLedger.

The companies say the secure process was a “first of its kind” in the mortgage industry and has the potential to revolutionize the $3 trillion mortgage ecosystem.

During the transactions, Apollo purchased eNote digital mortgage assets, originated by Figure on the Provenance Blockchain and registered on its Digital Asset Registration Technologies (DART) platform, via an investment vehicle it manages details ⇒

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