# Figure

> Building the future of capital markets on blockchain.

Figure is a blockchain-based lending and capital markets company. It offers home equity, crypto-backed and real estate investor loans, and runs Figure Markets for yield, trading and a yield-bearing stablecoin on Provenance Blockchain.

Figure is a blockchain-based lending and capital markets company that uses Provenance Blockchain and AI to originate, fund, trade and settle loans and other assets. It offers consumers home equity lines of credit, crypto-backed loans and DSCR loans for real estate investors.

Loans are recorded on Provenance, where DART tracks loan ownership and liens in real time and prevents double-pledging. Figure Connect links loan originators directly with buyers of whole loans and securitizations, cutting settlement from months to days. Banks, credit unions, fintechs and other B2B partners work with the platform.

Figure Markets lets users earn yield by lending cash or crypto against real-world assets through Democratized Prime, trade on the Figure ATS through Pro Trade and hold YLDS, a regulated yield-bearing stablecoin. OPEN issues and trades blockchain-native equity for listings and secondary offerings. Figure is used by homeowners, crypto holders, real estate investors, loan originators and institutional investors.

- Type: Company
- Sector: Finance
- Status: Active
- Founded: 2018-01-01
- Profile: https://thegrid.id/profiles/figure

## Products

- [Figure HELOC](https://thegrid.id/profiles/figure): Figure HELOC is a home equity line of credit with a fully online application, pre-approval in minutes and funding within days for smaller loans. Each line carries a one-time origination fee, needs no in-person appraisal for those smaller loans and can be redrawn. Each loan originates as a DART loan recorded on Provenance Blockchain. (Centralised Borrowing & Lending, Live, Main Product)
- [Figure Connect](https://thegrid.id/profiles/figure): Figure Connect is a blockchain-based private credit marketplace that connects loan originators directly with whole-loan and securitization buyers across several asset classes. Originators can keep loans on balance sheet or sell standardized pools, and an AI tool validates loan data so tokenized assets flow straight into the marketplace. Buyers get real-time loan data and settlement in days rather than months. (Payment Links & Request Tools, Live)
- [Democratized Prime](https://thegrid.id/profiles/figure): Democratized Prime is a lending marketplace on Figure Markets that matches cash or crypto deposits with borrowers seeking liquidity against home equity, auto, small business and crypto-backed loans brought on-chain. Rates move with supply and demand in each pool, interest accrues hourly from the moment of deposit, and funds can be withdrawn at short notice. Every loan is fully backed by crypto or real-world assets locked on blockchain. (Centralised Borrowing & Lending, Live)
- [Figure Exchange](https://thegrid.id/profiles/figure): Figure Exchange is Pro Trade, the order book of Figure Markets, where users trade tokenized assets on the Figure ATS. Accounts use decentralized MPC custody, and holdings can be posted as collateral for margin trading or lent for yield. Trades settle on Provenance Blockchain. (Centralised Exchange, Live)
- [Crypto-Backed Loans](https://thegrid.id/profiles/figure): Crypto-Backed Loans let holders of major cryptocurrencies borrow cash against their holdings without selling them and without a credit check. Loans run for a fixed interest-only term at a fixed rate with a one-time origination fee, and optional liquidation protection costs extra. Collateral sits in segregated, decentralized MPC wallets that stay viewable on-chain and is never re-lent. (Centralised Borrowing & Lending, Live)
- [DART](https://thegrid.id/profiles/figure): DART is an electronic lien and eNote registry on Provenance Blockchain that tracks ownership of loans, notes and liens and updates it automatically as loans change hands. It replaces paper assignments and periodic reconciliation and prevents double-pledging. Warehouse lenders, investors and originators use it, and every loan in Figure's ecosystem originates as a DART loan. (Developer Tooling, Live)
- [DSCR Loan](https://thegrid.id/profiles/figure): DSCR Loan is a financing product for real estate investors that qualifies borrowers on a property's rental income rather than personal income, with no income documents or tax returns required. Loans cover single-family homes, condos, townhomes and small multi-unit properties, with a lower loan-to-value cap for cash-out refinances. An AI system reviews documents and quotes instantly, and funding takes weeks. (Centralised Borrowing & Lending, Live)
- [OPEN](https://thegrid.id/profiles/figure): OPEN, the On-chain Public Equity Network, is Figure's platform for issuing blockchain-native equity in IPOs and secondary offerings and trading it around the clock. Issuers get real-time shareholder data and smart contracts that automate corporate actions and compliance, while investors settle instantly and can post shares as collateral for margin trading or lending. Shares can be held in self-custody wallets or with a custodian. (RWA Tokenisation Platform, Live)

## Assets

- [YLDS (YLDS)](https://thegrid.id/profiles/figure): YLDS is a yield-bearing stablecoin issued by Figure as a registered face-amount certificate, designed to keep a fixed dollar price on Provenance Blockchain. It pays interest tied to SOFR, accrued daily and paid monthly, and can be sent peer to peer, redeemed at any time or traded on Figure Markets. Its reserves are managed by a Figure investment adviser affiliate. (Stablecoin)

## Links

- [Main](https://www.figure.com)
- [Blog](https://www.figure.com/blog)
- [Terms of Service](https://www.figure.com/terms)
- [Privacy policy](https://www.figure.com/privacy)
- [Telegram](https://t.me/FigureTechnologySolutions)
- [LinkedIn](https://linkedin.com/company/figuretechnologies)
- [Twitter / X](https://x.com/figure)
- [Instagram](https://www.instagram.com/FigureTechnologies)

## Relationships

- [Provenance Blockchain](https://thegrid.id/profiles/provenance_blockchain): Subsidiary
- [Hastra](https://thegrid.id/profiles/hastra): Subsidiary

## Legal

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The following applies to both licensing models.
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- The Grid does not provide investment, legal, or tax advice, and
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP