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Security Token Market

Figure - 150M USD Token

FLOC2020-1

Price
$1 USD (0%)
24h Volume
0
Market Cap
$150,000,000
Last Trade
March 31, 2024
Last Trade
March 31, 2024
Figure - 150M USD logo

FLOC2020-1 Market Cap & Volume

Source: STM.co

Financial Services Trading Fixed Income US Accredited

Trading History

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Terms

Fundraise Information

Total Raise $150,000,000 USD
Soft Cap $0 USD
Raise Status Closed
Minimum Investment $0 USD
Accepted Investors US Accredited
Exemptions TBA
Instrument HELOC Securitization
Token Issuance Info Institutional Transaction

Token Information

Price Per (FLOC2020-1) $1 USD (0%)
Token Issuance Platform Figure Securities
Blockchains Available On Provenance
Security Type Fixed Income
Asset Class Asset Backed Securities
Payment Options USD

Token Rights

N/A

About

Overview

On March 5, 2020, Figure sponsored the first securitization backed by a bundle of home equity lines of credit (HELOCs) originated, serviced, financed, and sold using blockchain technology (the “FLOC 2020-1 securitization”).

Originator, Servicer, Issuer & Co-Sponsor: Figure Lending LLC
Date: 3/5/2020
Country: United States
Size (USD): $150M
Length: N/A
Interest Rate: N/A

U.S. brokerage Jefferies Group and Japan's Nomura managed the bond sale for Figure. Jeffrey Gundlach’s DoubleLine for the $127 million of senior notes and Tilden Park Capital Management for the riskier $22 million subordinated tranche, according to a white paper from Figure.

Highlights

This listing is for informational purposes only, highlighting the issuance information. Trading data is currently unavailable

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Click Here for Whitepaper