Saluda Grade Alternative Mortgage Trust Token


$1 USD (0%)

24h Volume

Market Cap

Last Trade
March 31, 2024

Last Trade
March 31, 2024
Saluda Grade Alternative Mortgage Trust logo

GRADE2020-FIG1 Market Cap & Volume


Trading History

Login to see full trading history

Login Register


Fundraise Information

Total Raise $308,000,000 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 (GRADE2020-FIG1) $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




On August 31, 2020, Saluda Grade Asset Management LLC (“Saluda Grade”) closed the largest HELOC securitization (“GRADE 2020-FIG1”) in the US since the Global Financial Crisis of 2007-2008, as well as the largest securitization backed by loans originated, serviced, financed, and sold using blockchain technology.

Sponsor and Seller: Saluda Grade Opportunities Fund LLC
Originator and Servicer: Figure Lending LLC
Date: 8/31/2020
Country/Jurisdiction: United States
Size (USD): $308M
Length: N/A
Interest Rate: N/A

While GRADE 2020-1 was issued only 6 months after FLOC 2020-1, the deal achieved a marked improvement in financing terms and gross execution. This was attributed to Figure's automated, data-driven underwriting process, as well as the availability of real-time servicing data that provides instant visibility to collateral performance, according to the whitepaper.


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

Click Here for Article

Click Here for Whitepaper