Figure Technology Solutions, Inc.: insider trades · United States · SEC (Form 4)

About Figure Technology Solutions, Inc.

Figure Technology Solutions, Inc. is a U.S.-based financial technology company listed on Nasdaq (United States) that has built a differentiated franchise around blockchain-native capital markets. Founded in 2018 by Mike Cagney, the former CEO of SoFi, Figure set out to improve the speed, transparency, and cost-efficiency of financial services through proprietary blockchain infrastructure. The company has reported operating from New York, while maintaining a meaningful historical presence in San Francisco, underscoring its roots in the U.S. fintech ecosystem. Figure’s core business is centered on originating, funding, selling, and trading loan products and tokenized assets through a blockchain-based platform. The company first gained traction in residential credit, particularly home equity lines of credit (HELOCs), and it now describes itself as the largest non-bank originator of home equity financing. Figure and its partners have said they have originated more than $22 billion of home equity loans, which highlights the scale of its platform in the U.S. mortgage-adjacent credit market. Over time, the company expanded beyond its original HELOC focus into broader consumer credit and capital-markets infrastructure. Among Figure’s main product lines are Figure Connect, a consumer credit marketplace; Democratized Prime, an on-chain lend-borrow marketplace aimed at institutional cash and treasury use cases; DART (Digital Asset Registry Technology), which supports asset custody and lien perfection; and $YLDS, an SEC-registered yield-bearing stablecoin structured as a tokenized money market-fund-like product. These offerings position Figure at the intersection of lending, marketplace distribution, tokenization, and digital-asset infrastructure. In practical terms, the company is not just a lender: it is trying to become a transaction layer for both private credit and tokenized real-world assets. From a competitive standpoint, Figure’s value proposition is its integrated technology stack and partner network. The company says more than 200 partners use its loan origination system and capital marketplace, giving it a distribution footprint that can support origination volume and secondary-market liquidity. That partner-based model is important because Figure competes not only with traditional mortgage lenders and non-bank HELOC providers, but also with fintech platforms and crypto-native infrastructure firms seeking to build compliant, scalable financial rails. Recent developments have been notable. In 2025, Figure announced a merger with Figure Markets to combine consumer credit and blockchain-native exchange capabilities under the Figure Technology Solutions name. The company also highlighted a strategic financing partnership with Victory Park Capital, received AAA ratings from S&P and Moody’s on a securitization it described as an industry first for blockchain finance, and was named to Fast Company’s World’s Most Innovative Companies list. In early 2026, Figure reported preliminary 2025 results showing strong growth momentum, authorized a $200 million share repurchase program, launched a secondary offering, and continued to emphasize expansion in Figure Connect and its broader blockchain ecosystem. For investors, the key theme is a high-growth U.S. fintech platform using blockchain to modernize credit origination and asset distribution.