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Figure Markets
Figure Markets is a digital asset marketplace and exchange offering yield-generating products backed by real-world assets. It provides crypto-backed loans, a crypto and real-world asset exchange, and yield products such as HELOC pools and the SEC-registered yield-bearing stablecoin YLDS, serving both retail and institutional clients.
Distributed
Description
Figure Markets operates on the Provenance Blockchain to offer real yield, asset-backed lending, and decentralized custody solutions. Its core products include Democratized Prime, which provides yield backed by Home Equity Lines of Credit and premium HELOC pools; crypto-backed loans with low fixed rates, no credit checks, and decentralized MPC wallet custody; and the Figure Exchange, a trading platform for crypto, HASH, and tokenized real-world assets. The company also launched YLDS, the first SEC-registered yield-bearing stablecoin, offered through its wholly owned subsidiary Figure Certificate Company. Figure Markets serves both retail users seeking institutional-grade yield and self-custody, as well as borrowers and traders looking to access capital and trade real-world asset-backed digital securities. The company was co-founded by Mike Cagney, also founder of SoFi.Grant Funding
VC Funding
None
2024
$0
$60M