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 offers a $25K USDC giveaway for deposits and integrated with Keplr for its OPEN network.
Links
x.com/figureParticipates as a speaker at FO256 digital asset summit for family offices on March 30th, 2026 in West Palm Beach.
Discussed at ETH Denver as an example of HELOC securitization process being analyzed for understanding duration exposure to home equity loans in the context of real-world asset (RWA) underwriting.
Reduced HELOC issuance time from 45 days to 5 days and lowered origination cost from approximately $11,000 to $730 per loan.
Received approximately $77M investment from Stan Druckenmiller's Duquesne Family Office following its September 2025 IPO, as disclosed in an SEC 13F filing.
Filed 424B4 prospectus with SEC to raise funds for building out YLDS regulated yield-bearing stablecoin on Provenance, Solana, Ethereum, Sui, and Avalanche blockchains.
Experienced data breach, exposing customer names, addresses, birth dates, and phone numbers. ShinyHunters claimed responsibility for the 2.5GB data stolen in an insider-linked hack after refusing to pay ransom.
Runs an Opening Bell sweepstakes with a $100,000 prize pool for users who register, fund their account, and complete their profile, with early users eligible for up to $20 matched funds.
Became the 10th biggest cryptocurrency by market capitalization.
Runs a $25,000 USDC giveaway promotion where users earn entries by depositing funds into Democratized Prime and maintaining deposits for 25 days, with each $1 deposited counting as one entry.
Integrated with Keplr as the first self-custodial wallet for OPEN on-chain public equity network.
Integrated with BitGo for regulated custody and near real-time settlement for blockchain-native equity, securing backing from Jump Trading.
Nominated for "Best In Tokenization" award at The Rollup awards ceremony scheduled for December 30th, 2025.
Gained 14%, listed among top gainers on December 16, 2025.
Submitted SEC filing to issue blockchain-native equity directly on Solana, following Nasdaq IPO September 2025 that raised ~$787M at $25/share, valuing at $8 billion. Issued natively onchain public equity February 19, 2026, priced at 13% discount to traditional shares, operating SEC-registered ATS as first issuer on OPEN's platform with T+0 settlement.
Partnered with Sentora to expand PyUSD vaults with PRIME, receiving a $5M initial allocation from Phantom CASH vault on Kamino platform, with PRIME leveraging U.S. HELOC loans.
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.
Originated over $20 billion in HELOCs and onchain mortgages, ranking as the #1 non-bank HELOC originator. PRIME token yields are sourced from $1B+ monthly onchain originations of real-estate loans.
Holds 75% market share of RWA private credit.
PRIME launches on Raydium DEX and Kamino yield vaults on Solana, integrates with RockawayX RWA Vault on Kamino, and Chainlink integrates as oracle infrastructure for the RWA Consortium using CCIP and Data Streams.
Launches RWA Consortium on Solana's onchain private credit sector, participates in Gauntlet USDC Frontier RWA composability initiative with Hastra and Maple Finance.
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.