what's Figure?
Figure is a blockchain-native fintech company operating a capital marketplace that connects loan origination, funding, and secondary trading, primarily in consumer credit such as home equity lines of credit (HELOCs) and digital assets. Built on the Provenance blockchain, it enables efficient, onchain handling of real-world assets, allowing for tokenized credit products and seamless integration of traditional finance with decentralized infrastructure. The platform offers services like crypto-backed loans against Bitcoin, Ethereum, and Solana collateral without requiring credit checks, alongside a self-custody exchange for buying, selling, and borrowing against cryptocurrencies. Figure emphasizes speed, efficiency, and cost savings in financial services through blockchain technology.
Figure's OPEN platform secured backing from BitGo and Jump Trading.
Links
x.com/figureSecured backing from BitGo and Jump Trading for the OPEN platform launch.
Nominated for "Best In Tokenization" award at The Rollup awards ceremony scheduled for December 30th, 2025.
Listed among top gainers on December 16, 2025.
Figure Technology Solutions submits SEC filing for a "second IPO" to issue blockchain-native equity directly on Solana network, following its traditional Nasdaq IPO in September 2025 that raised ~$787M at $25/share. The tokenized shares would trade via its registered ATS and enable use as collateral in Solana DeFi protocols, creating the first dual-class structure with parallel traditional and on-chain shares.
PRIME borrow market receives $5M initial allocation from Phantom CASH vault on Kamino platform curated by Gauntlet, with PRIME developed through partnership with HastraFi to deliver lending yield exposure against over-collateralized HELOC pools.
Figure co-sponsors DeFi Desert event in Abu Dhabi focused on Solana RWA ecosystem with discussions on onchain credit, liquidity, and risk infrastructure supporting RWAs at scale.
Files for second IPO with SEC, requesting permission to natively issue equity on Solana.
Figure raises $287.5M through an IPO.
The CFTC announces the Digital Assets Pilot Program allowing digital assets to serve as collateral. Figure partners with CoinDesk Media Network.
PRIME token yields are sourced from more than $1B in monthly onchain originations of real-estate loans including home-equity credit products.
Figure holds over 70% market share of all RWA private credit.
PRIME launches on Raydium DEX and Kamino yield vaults on Solana, and Chainlink integrates as official oracle infrastructure for the RWA Consortium using CCIP cross-chain protocol and Data Streams technology.
Figure launches the RWA Consortium, bringing scale to Solana's onchain private credit sector.
HastraFi launches Open Beta with PRIME product yielding 8% APY, backed by Figure's HELOC reserves and integrated across Solana DeFi.
Figure raises $25M strategic round on November 25, 2025, with Ondo Finance and existing investors including Ribbit Capital, J.P. Morgan, DCG, and RockawayX.
Ondo Finance purchased $25 million of $YLDS yield-bearing stablecoin on November 24, 2025, integrating it into their OUSG fund to diversify reserves beyond traditional tokenized Treasurys for institutional players.
Ondo invests $25M in YLDS stablecoin to integrate it into OUSG, their tokenized fund with over $780M in total value locked.
Figure and Provenance Foundation launch HastraFi, a new Solana DeFi-integrated RWA platform for real yield-bearing assets.
Records $109M in 24h trading volume, ranking as the 4th highest among RWA performers.
Nasdaq-listed Figure tokenizes public debt securities backed by US treasuries on Solana DeFi.