TheTechno Optimist.

Provenance BlockchainFigure Technology Solutions—Figure launches OPEN, a network where companies list shares natively on the Provenance blockchainProvenance BlockchainFigure Technology Solutions—Figure prices first SEC-registered blockchain-native share offering: 4.375M shares at $32Provenance BlockchainFigure Technology Solutions—Figure's Q2 loan volume rises 132% to $4.3B; net income nearly triples to $87M

Figure Technology Solutions

Provenance blockchain, on-chain loans, YLDS, OPEN

US$5.3B market capest. 2018Checked 11 Oct

The brief

Analyst view
  • Q2 2026: $4.3B of consumer loans through its marketplace (+132% y/y), $226M revenue and $87M net income.
  • More than $50B of transactions have run on Provenance since 2018; Figure holds about 25% of HASH tokens.
  • OPEN (Jan 2026) lists shares natively on-chain; Figure's own blockchain stock, sold at $32 in Feb 2026, came first.

Technical approach

As reported
Ledger

Loans recorded on a blockchain

Each loan's ownership and payments are records on Provenance, so selling or pledging a loan is a ledger update rather than weeks of paperwork.

Marketplace

Lenders plug in, investors buy

Mortgage lenders and other partners originate loans on Figure's rails, and investors buy them through its Figure Connect marketplace.

Cash

YLDS as on-chain cash

An SEC-registered token backed by money-market-style assets that pays SOFR minus 0.5%, used to settle trades on Figure's markets.

Equity

Shares born on-chain

Shares are recorded on Provenance itself, not as tokens mirroring DTCC-held shares, and trade on Figure's regulated system with instant settlement.

Primer