Cross River Extends $250 Million Forward-Flow Commitment

Cross River Bank announced a forward-flow agreement on Jun 4, 2026, committing to purchase up to $250 million in assets from Figure Technology Solutions to support Figure's crypto-backed loan product. The capital comes through Cross River's Principal Finance Group, which provides warehouse lines, seasoning facilities, and forward-flow purchase solutions to fintech platforms. Figure's crypto-backed loans allow borrowers to pledge digital assets as collateral and access USD financing without selling their holdings.

Noah Cooper, Cross River's CIO and Head of Capital Solutions Group, said crypto-backed lending offers consumers a lower-cost financing option. Figure trades on Nasdaq under the tickers FIGR and FGRS. The agreement extends Cross River's involvement in the digital asset ecosystem and adds a committed capital source for Figure's origination pipeline.