Cross River Raises $50M to Expand Embedded Finance Platform

Cross River Bank announced a forward-flow agreement with Figure Technology Solutions on Jun 4, 2026, committing to purchase up to $250 million in assets backing Figure's Crypto-Backed Loans. The deal provides Figure with committed capital to offer consumers USD liquidity without requiring them to sell their cryptocurrency holdings. Borrowers use digital assets as collateral to access financing while retaining ownership.

Cross River's Principal Finance Group, which offers warehouse lines, seasoning facilities, and forward-flow purchase solutions, executed the commitment. Noah Cooper, Cross River's CIO and Head of Capital Solutions Group, called crypto-backed lending a lower-cost financing option for digital asset holders. The agreement extends Cross River's presence in the digital asset ecosystem.