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Figure
Active AUM
$547.26mKey Metrics
Onchain AUM$548.05m
Change (24h)+2.44%
Active / Onchain99.9%
DeFi Active TVL$185.56m
Change (24h)+0.83%
Utilization33.9%
Largest ProtocolFigure Markets Democratized Prime$185.56m
Net Flows 30dN/A
Net Flows 7dN/A
Live Assets2
Issuers2
Asset rankings
| Name | Chains | Asset Type | AUM | DeFi | Flows | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Yield RWA Stable | $484.89m | $485.68m | -2.07% | $185.56m | 38.27% | -4.14% | $1 | |||
| Blockchain-Native Equity | $62.37m | $62.37m | -0.32% | $0 | 0% | $26.19 | ||||
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.
Entity
Legal entityFigure
HeadquartersCharlotte, USA
Founded2018
Primary chainProvenance
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.
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.
Regulation
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.
Compliance
Of 2 assets
Attested2 of 2
KYC to mint or redeem2 of 2
Allowlisted to hold2 of 2
Transferable2 of 2
Self custody2 of 2
Redeemable2 of 2
Attestation frequencyQuarterly (per SEC schedule)
Last attestationSEC reporting schedule (S-1 + 10-K)
Fees & revenue
Revenue modelYield Spread + Origination Fees
ConfidencePublic Filings
Float IncomeYes
Fees Last Verified2026-07-09
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.
Milestones
- 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