POPA ReconPlume Launches nPRIME Vault in Collaboration with Figure
Plume Launches nPRIME Vault in Collaboration with Figure Plume and Figure launched the nPRIME vault, giving depositors direct access to yield from Figure's $30 billion home equity lending market through a single Plume Vaults deposit. When Figure funds a home equity loan, it can take months before the loan is sold to a long-term investor, and banks traditionally provided the working capital to bridge that gap. Figure's Democratized Prime opens that role to investors, who earn yield by supplying the short-term capital. Hastra runs the funding auctions and packages the positions into PRIME, and…
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