Building the future of capital markets with blockchain & AI
Vertically integrating capital markets for consumer assets — and beyond
Reducing costs and increasing efficiency throughout the capital markets, spanning consumers, originators, and investors.
$30B+
In equity unlocked for homeowners
489+
B2B partners, including banks, credit unions, fintechs, home improvement companies and more
1st
SEC-approved interest-bearing security
$50M
First sale of Crypto-Backed Loan pool to Janus Henderson
382K+
Households served with Figure's platform
40%
Of HELOC volume transacted on Figure Connect
75%
Market share in real-world asset tokenization
AAA
S&P- and Moody's-rated HELOC Securitizations
Liquidity built for the future, available today
Capital markets are a web of disconnected handoffs. Figure is one rail.
The old way
Traditional finance was built in fragments. Lending, trading, custody, settlement, and reporting all live in separate systems — each taking a cut and adding days.
Bank
Custodian
Trustee
Servicer
Clearinghouse
Broker
Reconciliation
The Figure way
Figure isn't in the asset business. We're in the infrastructure business: rails that turn capital over faster, more efficiently, and at lower cost than the old system.
Originate
Record
Tokenize
Trade
Settle
How the Figure Flywheel works
One rail, instead of seven middlemen. One source of truth. Instant settlement, instead of T+2 reconciliation. One system where capital compounds with every cycle.
It starts with the assets.
Loans and securities of every shape and size flow through the Figure capital markets stack. Assets enter two ways: the Figure core ecosystem — , , and crypto-backed loans from Figure and 489+ active ecosystem partners — or , which structures outside assets onto the same rails. Either way, is built to record ownership and history on Provenance the moment they arrive.
HELOCs, DSCR, and crypto-backed loans from Figure and partner originators.
Outside assets, like auto and SMB loans, structured onto the same rails.
Learn more: DART
One marketplace: Figure Connect
Once onchain, assets reach , a blockchain-native capital marketplace supporting both whole loan trading and end-to-end securitization execution. Settlement is on Provenance. No .
Figure Connect is our blockchain-native marketplace connecting originators with institutional loan buyers.
Buy and sell whole loan pools directly.
A market-driven venue where lenders compete to fund the loans traded on Connect.
Capital shows up from far beyond Figure.
Capital flows in from two directions: institutions through , and external DeFi liquidity through our distribution partner and capital markets highway, . The result: lower-cost capital for originators, and broader access to yields once reserved for institutions.
Institutional loan buyers bring liquidity through Figure Connect.
Onchain liquidity routes into Democratized Prime through Hastra.
Learn more: Hastra Opens in a new window.
Capital returns. The loop restarts
As borrowers repay and markets settle, capital flows back to lenders and participants. The loop starts all over, and the wheel turns faster with every cycle.
One settlement layer underneath it all.
One layer runs beneath every stage: settlement on Provenance in YLDS, an SEC-registered, interest-bearing security that settles like cash. Capital can keep earning while it moves, so idle cash can work instead of sitting still.
Learn more: YLDS Opens in a new window.
Leadership
- Go to the LinkedIn profile of
Michael Tannenbaum, Figure's
CEO
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Macrina Kgil, Figure's
Chief Financial Officer
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Brian Crist, Figure's
Chief Legal Officer, Corporate Secretary
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Todd Stevens, Figure's
Chief Capital Officer
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Matt Hellwinkel, Figure's
Chief Technology Officer
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Clare Hove, Figure's
Chief Operating Officer
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Arvind Mohan, Figure's
Chief Business Officer
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Reid Simon, Figure's
President, Digital Assets
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Mike Cagney, Figure's
Co-Founder, Executive Chairman
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June Ou, Figure's
Co-Founder, Advisor, Board Member
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Careers at Figure
We're looking for exceptional people with passion for accelerating innovation, ensuring customer success, and leading with integrity and ethics.
View open rolesAwards & recognition
Best HELOC of 2026
Money.com, 2026
World's Top Fintech Companies 2026
CNBC, 2026
Crypto 100, #6 Fintech
Fortune, 2026
Fintech 50 Most Innovative Fintech Startups
Forbes, 2025
Most Innovative Companies in Finance & Personal Finance
Fast Company, 2025
Best Overall HELOC, Best Online Experience
Investopedia, 2025
Press
- Post published byFigure.
With our Kiavi acquisition closed, we're adding an express lane for the next generation of credit.
Company Voices, publishedSeptember 1, 2026by author Michael Tannenbaum, CEO of Figure - Post published byFigure.
Get to Know Elliot Trexler, Head of Ecosystem at OPEN.
Company Voices, publishedJuly 15, 2026by author Elliot Trexler, Head of Figure's On-Chain Public Equity Network (OPEN) - Post published byFigure.
Hastra & DeFi 2.0: The Capital Markets Highway.
Company Voices, publishedJuly 1, 2026by author Reid Simon, Head of Democratized Prime at Figure