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, expression the old medium of exchange 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 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.
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"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 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 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 medium of exchange providers.
"The chance now is to scale to more business products and open this capability to all business institutions. I feel fortunate to be able to help make the promise of blockchain a reality," he mentioned.
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