Figure

Overview
News
Decentralized Finance (DeFi)?
Product stageSegments
Expansion
?
Borrowing and Lending, DeFi Marketplaces
?

Figure Technologies leverages the Provenance Blockchain to offer a range of financial services including loan origination, servicing, financing, private company stock management, and fund registry. The company entered the DeFi space in March 2024 with the launch of Figure Markets, a decentralized exchange for trading cryptocurrency, securities, and blockchain-native alternative investments. Moreover, the platform also enables users to take out loans that leverage their crypto holdings as collateral (BTC or ETH). 

Institutional users can integrate with their existing trading systems using the platform’s pre-built APIs and endpoints and make deposits and withdrawals in fiat currency. The platform leverages multi-party computation (MPC) wallets, which distribute private keys across a decentralized network and require multi-party approval, to enable distributed transactions instead of centralized settlement. Its lending solution also enables users to retain beneficial ownership of their collateral, which is held at a regulated asset custodian.

Funding and financials

In March 2024, Figure Technologies raised USD 60 million in a Series A funding round led by Jump Crypto, Pantera Capital, and Lightspeed Faction to develop and launch Figure Markets. Moreover, the company also stated that it was developing a “registered security alternative” to stablecoins for its system.


HQ location:
650 California Street Suite 2700 San Francisco CA USA
Founded year:
2018
Employees:
501-1,000
IPO status:
Private
Total funding:
USD 1.5 bn
Last Funding:
-
Last valuation:
USD 3.2 bn (May 2021)
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