Figure Technology Solutions, a technology platform powering a liquid, blockchain-based marketplace for financial products, announced on Wednesday that Synergy One Lending is the first institutional client to fund through its Democratized Prime platform.

Democratized Prime — and specifically, its home equity line of credit (HELOC) pool — is Figure’s decentralized marketplace that operates as a warehouse line for originators in the Figure ecosystem. Democratized Prime is a short-term lending product that combines daily liquidity with real-asset backing and institutional-grade transparency.

According to a press release from Figure, Synergy One is now earning returns on its corporate Treasury notes details ⇒

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