Figure was founded in 2018 by serial tech entrepreneur Mike Cagney, who also founded SoFi and turned the company into a multi-billion-dollar business under his leadership as CEO.In just four short years, Figure has introduced a range of fintech innovations using the Provenance Blockchain to issue loans, manage equities, service private funds, and handle banking and payments, delivering speed, efficiency and cost savings for both consumers and institutions. Today, Figure is one of fewer than a thousand companies worldwide considered to be unicorns.In this moment Figure connects loan origination, funding, and secondary markets into a single system. It operates on the Provenance Blockchain, which is a public Layer 1 network designed specifically for financial assets and settlement. The platform tokenizes real-world assets such as home equity loans and records them on chain, allowing standardized data and ownership tracking. Figure Connect is the core marketplace where these tokenized loans are created, sold, and traded between originators and investors. It also includes components like a lien registry (DART), lending markets, and a tokenized money market fund stablecoin (YLDS), all operating within the same infrastructure.The utility for users and institutions is access to a unified system where loans can be issued, financed, and traded with on-chain settlement instead of relying on separate systems and manual reconciliation.

November 25, 2025 - Figure has raised $25M in a Strategic round from Ondo.&nbsp;

Figure

Figure is a lending platform for issuing, financing and trading tokenised loans.

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