Blockchain loan company Figure cooperates with Jefferies and WSFS to provide $1 billion in financing credits in its public chain

According to PR Newswire, the recent blockchain lending company Figure, in partnership with investment bank Jefferies and financial services company WSFS Institutional Services, can provide up to $1 billion in financing credits on the blockchain. Figure will create and sell Home Equity Credit Loans (HELOC) to banks, asset managers and credit funds through blockchains, allowing for the approval and issuance of 5-day home equity credit loans to loan applicants within 5 minutes.