Figure
On-chain AUM$593.49m
Platform totals
Live assets2
Chains4
DeFi TVL$305.9m
DeFi TVL / AUM51.54%
Confirmed attestations2 / 2
Primary accessPermissioned (2)
Totals for filtered assets
2
$592.72m
$593.49m
$305.9m
2
Assets Rankings
| Name | Marketcap | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|
| Figure2 assets | $592.72m | $593.49m | -3.99% | $305.9m | 51.61% | -7.22% | ||
About Figure
Figure provides tokenized access to private credit and structured finance products, connecting institutional lenders with decentralized liquidity. It enables securitization of off-chain credit through on-chain smart contracts.
Profile
- Founded
- 2018
- Headquarters
- Charlotte, USA
- Primary chain
- Provenance
- Parent platform
- Figure
- Issuer
- Figure
Economics & revenue
Float incomeYes
Revenue confidencePublic Filings
Fees last verified2026-07-09
Attestations & milestones
- Attestation frequency
- Quarterly (per SEC schedule)
- Last attestation
- SEC reporting schedule (S-1 + 10-K)
- 2025-09IPO priced at 25 dollars per share raising about 787 million with Nasdaq trading from September 11
- 2025-07Figure Technology Solutions and Figure Markets merger announced
- 2025-02YLDS launched as the first SEC registered yield bearing stablecoin
- 2024-06Figure Connect blockchain credit marketplace launched
- 2024-04Tannenbaum named CEO with Cagney as Executive Chairman
Revenue methodology & documents
Revenue model: Yield Spread + Origination Fees
YLDS pays SOFR minus 35 bps effective October 2025 per the EDGAR Form 497, accrued daily and paid monthly with no mint or redeem fee at 1 dollar face. Figure Certificate Company retains the spread between reserve earnings and the certificate rate. HELOC origination fees run 0 to 4.99 percent of initial draw.
Issuer registry, regulation & leadership
Founders and leadership
Mike Cagney — Co-Founder, Executive Chairman Michael Tannenbaum — CEO since April 2024 June Ou — Co-Founder, Board
Issuer registry
Figure Technologies, Inc. (US; FinCEN-registered MSB; Figure Certificate Company is SEC-registered face-amount certificate company under the Investment Company Act). Founded 2018 by Mike Cagney (SoFi co-founder). Operates the Provenance Blockchain (Cosmos-based) and issues YLDS (yield-bearing US-dollar token) on Provenance and other chains.
Regulatory status
Figure Technology Solutions Inc. is a US public company on Nasdaq under FIGR after a September 2025 IPO. YLDS is issued by subsidiary Figure Certificate Company, an SEC registered face amount certificate company under the Investment Company Act of 1940 with a public prospectus on EDGAR, making YLDS the first SEC registered yield bearing stablecoin. The HELOC business operates under US state lending and mortgage licenses with loans recorded on Provenance Blockchain.
Entity structure
Figure Technology Solutions Inc., a Delaware corporation in Charlotte listed as FIGR, is the public parent. YLDS is issued by Figure Certificate Company, a separately incorporated SEC registered subsidiary. The underlying Provenance Blockchain is governed by the separate Provenance Blockchain Foundation.