Figure Technology Solutions, Inc. is a financial technology firm that leverages blockchain infrastructure to modernize the origination, funding, and trading of consumer credit and digital assets. The company operates primarily through its Figure Technology Solutions (FTI) and Markets segments. The FTI segment is centered around Figure Connect, a consumer credit marketplace that originates, sells, and securitizes Home Equity Lines of Credit (HELOCs), cash-out refinances, and Debt Service Coverage Ratio (DSCR) loans. As the largest non-bank provider of home equity financing in the U.S., Figure generates revenue primarily through loan origination fees, technology fees, and loan-processing services. The Markets segment operates Figure Markets, a decentralized exchange for digital assets and credit, and Democratized Prime, an on-chain lend-borrow marketplace. Figure's entire ecosystem is built on the Provenance Blockchain, which enables real-time settlement, asset tokenization, and a digital lien registry known as DART. The company also issues YLDS, an SEC-registered yield-bearing stablecoin functioning as a tokenized money market fund. By integrating blockchain into traditional lending workflows, Figure eliminates intermediaries, reduces costs, and enhances liquidity for institutional investors and borrowers alike.
