Former Coinbase COO Joins Blockchain-Based Lending Firm Figure

Asiff Hirji, the previous president and chief working officer of Coinbase, is the brand new president of Figure Technologies, the blockchain-based lending agency backed by Morgan Creek Digital.

Figure introduced Hirji’s addition Wednesday, locution the old monetary government will supervise the corporate’s development. Figure CEO Mike Cagney mentioned in an announcement that the corporate can be creating a brand new service provider business enterprise institution with Hirji’s assist.

Cagney is possibly superior recognized for being the co-founder and former CEO of SoFi, the digital shopper finance firm.

“Asiff has already been a critical adviser to me on how we manage the growth of Figure in order to drive the transformation of business enterprise services crosswise categories and around the world,” he mentioned.

Figure raised $103 million final month, and has a evaluation of greater than $1.2 billion. The firm has secured backing from MUFG, the Japanese business enterprise institution’s VC arm, Digital Currency Group, Libra Association member Ribbit Capital, DCM, HCM Capital, RPM Ventures and The Partners at DST Global.

Prior to Coinbase, Hirji served as president and COO at TD Ameritrade and working companion at Andreesssen Horowitz. He mentioned in an announcement that he believes blockchain will cut back the prices of monetary providers.

“The chance now is to scale to more business enterprise products and open this capability to all business enterprise institutions. I feel fortunate to be able to help make the promise of blockchain a reality,” he mentioned.

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The chief in blockchain information, CoinDesk is a media outlet that strives for the very best print media requirements and abides by a strict set of editorial insurance policies. CoinDesk is an unbiased working subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Former Coinbase COO Joins Blockchain-Based Lending Firm Figure

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