Figure

On-chain AUM$600.54m

Platform totals

Live assets2

Chains4

DeFi TVL$309.29m

DeFi TVL / AUM51.5%

Confirmed attestations2 / 2

Primary accessPermissioned (2)

Totals for filtered assets

$599.76m

$600.54m

$309.29m

Assets Rankings

Name	Asset Group
YLDSYLDS	Fiat Currencies	$1	$516.84m	$517.62m	$226.37m	43.8%			Figure	RWA Stablecoins	Yield RWA Stable	Permissioned	Asset	RWA	Figure Certificate Company (FCC)	Yes	Yes		Yes	Yes	Yes	Yes
Figure Blockchain-Native Stock (FGRS)FGRS	Public Equities	$34.83	$82.92m	$82.92m	$82.92m	100%			Figure	Stocks & Equities	Blockchain-Native Equity	Permissioned	Asset	RWA	Figure Technology Solutions, Inc.	Yes	Yes		Yes	Yes	Yes	Yes

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.

RE CreditPrivate CreditReal EstatePermissionless

Website Docs

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.

Issuer source