Projects · PROJECT
Figure Explained
A profile of Figure, a blockchain-native capital marketplace spanning loan origination, tokenized credit, onchain lending and digital asset infrastructure.
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RWA Wire Editorial Desk
Coverage standard
Independent // Source-led
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Credit infrastructure
Market role
Blockchain-native capital marketplace
Asset exposure
Consumer credit, private credit & tokenized money
Status
Active
Networks / rails
Key products / infrastructure
Figure is a blockchain-native capital marketplace focused heavily on credit. Its model connects origination, funding, sale and trading while recording and administering parts of those workflows on blockchain infrastructure.
Capital-market stack
Figure Connect serves as a marketplace connecting loan originators with capital providers. Democratized Prime extends the stack into an onchain lend-borrow marketplace, while DART provides digital asset registry infrastructure.
Tokenized money
The ecosystem also includes $YLDS, which Figure describes as an SEC-registered yield-bearing stablecoin operating as a tokenized money-market fund.
Why it matters for RWA
Figure illustrates a broader definition of tokenization: moving the lifecycle of loans and credit-market assets onto blockchain rails, rather than simply wrapping a conventional security in a token.
Primary sources
Key takeaways
- Figure operates a blockchain-native marketplace connecting loan origination, funding and secondary-market activity.
- Its infrastructure includes Figure Connect, Democratized Prime, DART and the yield-bearing $YLDS product.
- Figure's model applies blockchain rails to credit-market workflows rather than focusing only on tokenized Treasury products.
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RWA Wire // Intelligence Network