Overview
Figure Technologies is a fintech company that leverages the Provenance Blockchain to originate, service, and securitise home equity lines of credit (HELOCs), personal loans, and mortgage refinancing. Figure has originated over $10 billion in HELOCs, making it one of the largest blockchain-based lending operations in the world. The Provenance Blockchain, built on Cosmos SDK, serves as the settlement and record-keeping layer for these financial products, reducing costs and settlement times versus traditional securitisation infrastructure. Figure's model demonstrates how blockchain rails can improve efficiency in established consumer lending markets.
Key Products & Features
- HELOCs — home equity lines of credit on blockchain
- Personal Loans — consumer lending via Provenance
- Provenance Blockchain — Cosmos-based financial settlement chain
- Digital Fund Services — blockchain fund administration
Why This Is NeoFi
Figure is a textbook NeoFi product: it executes real consumer lending (HELOCs worth billions) on a purpose-built blockchain, delivering genuine real-world financial utility through an institutional-grade, SEC-compliant securitisation framework.
The three pillars of NeoFi:
- On-Chain Execution: All operations and settlement occur transparently on blockchain, ensuring full auditability and programmability.
- Real-World Financial Utility: Products deliver genuine value in established financial markets — lending, trading, payments, custody, or asset management.
- Institutional-Grade Design: Infrastructure meets the standards of professional finance: robust risk management, compliance frameworks, scalability, and operational resilience.
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