Home Innovation Blockchain Figure Technology Leads Blockc...

Figure Technology Leads Blockchain Revolution in Capital Markets Transformation

Blockchain

Business Honor
19 February, 2026

Tokenization Platform Demonstrates Blockchain's Efficiency in Financial Infrastructure and Asset Trading.

At the forefront of capital markets’ adoption of blockchain technology, Figure Technologies Solutions (FTS) is showing how distributed ledgers (DLT) can change the financial infrastructure. Through its ability to facilitate institutional adoption of blockchain-based asset tokenization, the New York-based FTS has acted as a catalyst for the transformation of financial infrastructure with over $20B in tokenized home equity loans that provide proof of concept related to blockchain technologies’ efficiencies within the financial markets. FTS' Provenance blockchain system has approximately $15B worth of active loan assets, making it the second largest provider of tokenized financial assets; Canton currently holds the first place with approximately $350B.

According to FTS' President and CEO Mike Tannenbaum, “we are using blockchain rails to transform the capital markets,” which includes not only consumer loans but also institutional capital markets where there are clear advantages to using blockchain technology. For instance, trading in tokenized assets is faster, allows for immediate settlement, can be completed 24/7, and reduces the amount of collateral required to trade on margin.

These advantages address many of the long-standing inefficiencies created by the traditional capital markets’ infrastructure. FTS has used its loan origination process to illustrate the validity of blockchain’s value proposition by providing loan originations in a fraction of the time it takes in a typical loan origination, and at a much lower cost; $1,000 vs. a typical loan origination of $12,000.

The next step for Figure was to issue equity via a blockchain offering. That launch of shares was a major event for Figure because it marked the first time the shares were issued on Figure's Provenance network. This created a direct challenge to the current models of exchange infrastructure by allowing individuals to trade ownership of the same stock back-and-forth while lending those same assets to each other for a period.