Figure Technology Solutions, Inc. (NASDAQ: FIGR)

Figure Technology Solutions Inc is building the future of capital markets using blockchain-based technology. Figure’s proprietary technology powers next-generation lending, trading and investing activities in areas such as consumer credit and digital assets. Our application of the blockchain ledger allows us to better serve our end-customers, improve speed and efficiency, and enhance standardization and liquidity.

Figure generates revenue through multiple streams including origination fees, gain on sale of loans, servicing fees, and interest income from assets generated through its Loan Origination System. The company also earns ecosystem and technology fees from partners using its technology solutions and volume-based fees from users transacting on its platform, particularly through Figure Connect and other marketplace offerings. Revenue is derived from both Figure-originated loans and those originated by its network of partners.

The company operates through the following segments: Lending and Markets Holdings.

• Lending originates, sells, and securitizes home equity line of credit (HELOC) loans that it services. Lending offers Figure Connect which generates ecosystem and technology fees.

• Markets Holdings utilized blockchain technology to develop an exchange for digital assets and credit, with new product offerings including providing interest-bearing stablecoin deposits.

Figure Technology Solutions Inc distinguishes itself in the financial technology sector through its blockchain-based platform that displaces legacy infrastructure at each stage of the loan lifecycle. The company competes favorably based on speed and ease of use, overall customer experience, partner satisfaction, flexibility and scalability, competitive pricing, efficient and transparent capital markets access, and brand awareness across its ecosystem. Its regulatory and licensing apparatus, including over 180 lending and servicing licenses, 48 money transmitter licenses, and SEC-registered broker-dealer status with authority to operate an alternative trading system, sets it apart from competitors and enables expansion of its diverse product offering.

Figure serves a diverse customer base including individual consumers seeking home equity loans and personal loans, financial institution partners that use its technology to originate loans, and marketplace participants such as loan originators, buyers, and investors on its Figure Connect platform. The company also serves institutional investors through products like YLDS and Democratized Prime, which cater to users seeking yield-generating opportunities and decentralized finance solutions.