what's Figure Technologies, Inc.?
Figure Technologies is a financial technology company that leverages blockchain to provide lending and capital markets services. Founded in 2018, it operates Figure Markets, a self-custody crypto exchange for buying, selling, and borrowing against digital assets like BTC and ETH. The company developed the Provenance Blockchain, a permissioned ledger designed for enterprise use in recording financial transactions, such as loans and asset registries, to reduce costs and improve efficiency in traditional finance. Provenance underpins Figure's home equity line of credit (HELOC) products and other lending solutions, enabling secure, transparent recording of over $10 billion in loans. Unlike public blockchains optimized for high-volume token trading, Provenance focuses on compliance and interoperability with legacy systems, integrating smart contracts for automated loan origination and servicing. Figure's platform aims to bridge decentralized finance (DeFi) with regulated markets, offering tools for institutional borrowers and investors.
FIGR token reached an all-time high price of $49.80.
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x.com/figurecompanyBoard authorized a $200M share buyback program, representing approximately 17% of cash reserves.
Volume increased 131% year-over-year in Q4.
Revenue increased 106% year-over-year in Q4.
Take rate compressed from 4.4% to 3.8% in Q4, with guidance of 3.5-4.0% going forward.
Prime on-chain warehouse scaled from $20M to $206M quarter-over-quarter.
YLDS interest-bearing stablecoin security reached approximately $500M in circulation.
Launched auto loan asset class as the first scaled asset class beyond mortgage on the platform, with third-party origination monetized via Prime, Connect, and securitization fees.
Stock-based compensation in Q4 was approximately $40M due to one-time advisor grants and accelerated RSUs, with guidance to normalize to $21M per quarter ($84M annualized).
FIGR token reached an all-time high price of $49.80.
Launches RWA consortium with LINK-RAY and additional partners.
Token rose +18% as Adjusted EBITDA reached $81M in Q4 with a 51.6% margin, taking profitable HELOC market share.
SEC-registered yield-bearing stablecoin $YLDS expands to Solana blockchain, backed by U.S. Treasuries with fiat on/off ramps and continuous yield.
Subsidiary Figure Certificate Company launches YLDS on Sui blockchain as first SEC-registered yield-bearing stablecoin with $180M TVL and 4.6-4.8% APY backed by U.S. Treasuries, announces future BlackRock BUIDL atomic swap integration.
Token reports +60% gains since IPO.
Token surges 21% post-IPO as gains continue, with Provenance infrastructure powering lending software for $10B+ loan market.