Mike is Figuring on a Smaller Raise

A Silicon Valley startup scales back its ambitions as Crypto Winter freezes investors' wallets.

Editor’s Note: There is a widening gap between the animal spirits in Europe where 2023 is the year of tokenization and the United States where financial services firms are fretting that regulators are failing to create the rules of the road needed to enable financial blockchain. The news of Figure’s scaling back its funding ambitions fits this theme.