Figure
Transforming the financial services industry using blockchain
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Project Overview
Figure is a financial technology company using the Provenance Blockchain for loan origination, equity management, private fund services, banking, and payments sectors, bringing speed, efficiency, and savings to both consumers and institutions. Figure Equity Solutions is a one-stop solution for private companies and startups to raise capital, manage equity, and trade shares on a single platform. Figure Marketplace is a blockchain-based investment platform that provides access to a variety of private companies and private funds.
a16z Leads Special’s Funding Round; Former DOGE Team Bets on AI-Driven M&A Cost Reduction
According to Tech in Asia, Special, an AI-powered M&A firm co-founded by Nate Cavanaugh and Justin Fox—both former staff members of the U.S. government’s Department of Government Efficiency (DOGE)—has announced a funding round of undisclosed amount, led by Andreessen Horowitz (a16z). Investors include Antonio Gracias, founder of Valor Equity Partners; Anthony Armstrong, former CFO of xAI; Brian Armstrong, CEO of Coinbase Global; and Shyam Sankar, CTO of Palantir Technologies. Special plans to acquire service-based businesses by automating workflows with AI to reduce costs, and has already reached an agreement to acquire a Texas-based healthcare company, which will be integrated into Figure Health—the company’s business line focused on aging populations.
Bernstein Reiterates Figure Price Target of $67: Sees 72% Upside Driven by Tokenization
Bernstein has reiterated its "Outperform" rating on Figure Technology Solutions (FIGR) and maintained a price target of $67, implying approximately 72% upside from the current share price of $38.97.Figure posted strong Q1 2026 results: loan origination volume reached $2.9 billion, up 113% year-over-year; adjusted revenue was $167 million, surpassing market expectations by 6% and up 92% year-over-year; adjusted EBITDA was $82.7 million, with a margin of approximately 50%, slightly above market consensus. However, GAAP diluted EPS was $0.18, missing expectations by about 9%, primarily impacted by $26 million in stock-based compensation expenses.Bernstein analysts believe this performance should reshape market perception of Figure, viewing it not as a traditional credit company, but as a "tokenization-driven capital markets platform." Core profitability stems from network fees and operational leverage from scaling, and the valuation framework remains based on 25x 2027 EBITDA. Additionally, the tokenization ecosystem continues to expand: the yield-bearing security token YLDS reached $598 million (up 80% quarter-over-quarter); the stock lending product balance stood at $368 million (up 79%); and the small business loan segment contributed $60 million in revenue.Figure's current share price remains not far from its 2025 IPO offering price of $36, but still significantly below its all-time high of $78. (The Block)
Coinbase Invests Seven-Figure Sum in Centrifuge and Names It a Core Tokenization Partner on Base
Coinbase announced a “seven-figure” strategic investment in Centrifuge and selected it as the primary asset tokenization partner for its public blockchain, Base. Under the partnership, Centrifuge will serve as the core infrastructure for issuing tokenized assets on Base, enabling the onchain issuance and trading of real-world assets (RWAs), including ETFs, credit funds, and structured products. The two parties have previously collaborated—for instance, launching the first compliant onchain S&P 500 index fund on Base.
ZachXBT Refutes Claims of Dubai Crypto Figure’s Detention, Says Individual Linked to Crypto Scams and Data Ransom
In response to Radha Stirling’s claims regarding alleged abuse of multiple Dubai-based cryptocurrency individuals in UAE detention facilities, on-chain investigator ZachXBT stated that the individuals referred to as “crypto entrepreneurs” are in fact threat actors suspected of involvement in high-impact social engineering cryptocurrency scams and data ransom operations; law enforcement authorities have seized $18.9 million in stolen funds.
Coinbase Invests Seven-Figure Sum in Centrifuge and Names It a Core Tokenization Partner on Base
Coinbase announced a “seven-figure” strategic investment in Centrifuge and selected it as the primary asset tokenization partner for its public blockchain, Base. Under the partnership, Centrifuge will serve as the core infrastructure for issuing tokenized assets on Base, enabling the onchain issuance and trading of real-world assets (RWAs), including ETFs, credit funds, and structured products. The two parties have previously collaborated—for instance, launching the first compliant onchain S&P 500 index fund on Base.
OKX Launches "Rookie Showdown" — New Users Can Share a 50,000 USDT Prize Pool
: According to official sources, OKX has officially launched the "Rookie Showdown" event. From now until June 13, 2026, 23:00 (GMT+8), new users who complete designated tasks can claim a welcome package worth 35 USDT, including crypto purchase coupons, trial trading funds, and strategy airdrop vouchers. In addition, new users can also participate in the exclusive trading leaderboard to share a 50,000 USDT prize pool, and have the chance to win rewards such as POP MART Star Figure merchandise.
Coinbase Invests Seven-Figure Sum in Centrifuge and Names It a Core Tokenization Partner on Base
Coinbase announced a “seven-figure” strategic investment in Centrifuge and selected it as the primary asset tokenization partner for its public blockchain, Base. Under the partnership, Centrifuge will serve as the core infrastructure for issuing tokenized assets on Base, enabling the onchain issuance and trading of real-world assets (RWAs), including ETFs, credit funds, and structured products. The two parties have previously collaborated—for instance, launching the first compliant onchain S&P 500 index fund on Base.
Figure Founder Predicts Blockchain Will Reshape Wall Street Credit Infrastructure
Mike Cagney, founder of Figure Technology Solutions (FIGR), stated that the company is pushing to rebuild the underlying infrastructure of traditional credit markets through blockchain, bringing loans, real-world assets (RWA), and even stocks onto the chain. The goal is to enable credit flows to move away from traditional intermediary systems and become "the new infrastructure of Wall Street." According to data, Figure's monthly loan origination volume exceeded $1 billion for the first time in March this year, with total origination reaching $2.9 billion in the first quarter of 2026, an annualized scale of approximately $12 billion.Mike Cagney pointed out that loan tokenization can significantly reduce securitization costs and lower traditional intermediary fees, while enhancing liquidity through continuously updated credit markets, and enabling on-chain credit assets to directly integrate with the DeFi ecosystem, expanding the scope of investor participation. Its Forge platform can bundle loans into standardized asset pools and convert them into tokens usable as collateral within DeFi protocols.Currently, Figure is advancing related business within the Solana ecosystem and plans to expand to Ethereum. Additionally, the company has launched YLDS, a yield-bearing stablecoin with a scale of approximately $600 million, backed by traditional assets such as U.S. Treasury bonds, and is exploring stock tokenization as well as on-chain staking and lending. Mike Cagney stated that blockchain will become one of the most transformative technologies and will redefine the structure of future financial markets. (CoinDesk)
Figure Technologies and Hastra Partner to Launch On-Chain Auto Loans, Expanding DeFi Credit Assets
According to Cointelegraph, blockchain lending platform Figure Technology and its on-chain credit platform Hastra have officially integrated auto loans into their tokenized credit market, further expanding the range of real-world assets (RWAs) accessible to decentralized finance (DeFi) investors. Democratized Prime—the decentralized lending marketplace operated by Figure Markets—has launched auto finance as a new asset class for the first time. Hastra has also announced its expansion to Ethereum Virtual Machine (EVM)-compatible chains, with plans to roll out auto loan products first on Solana and then on Ethereum in June. According to Michael Tannenbaum, CEO of Figure, the platform has generated over $22 billion in on-chain loans to date. Analysts view Figure’s tokenized lending business as experiencing significant growth and have assigned it an “outperform” rating with a $67 price target.
Related news
Figure to Acquire Kiavi for $717 Million, Integrating Its Loan Assets into a Blockchain-Native Capital Market
Blockchain capital markets company Figure Technology Solutions has signed a definitive agreement to acquire Kiavi, an AI-driven real estate investment lending platform, for a total transaction consideration of $717 million. Concurrently, Figure will form a joint venture entity with Sixth Street to acquire the loan assets on Kiavi’s balance sheet.
ZachXBT Refutes Claims of Dubai Crypto Figure’s Detention, Says Individual Linked to Crypto Scams and Data Ransom
In response to Radha Stirling’s claims regarding alleged abuse of multiple Dubai-based cryptocurrency individuals in UAE detention facilities, on-chain investigator ZachXBT stated that the individuals referred to as “crypto entrepreneurs” are in fact threat actors suspected of involvement in high-impact social engineering cryptocurrency scams and data ransom operations; law enforcement authorities have seized $18.9 million in stolen funds.
Serenity: LeaderDrive holds over 60% of China's harmonic reducer market share, making it the most favored target in the humanoid robot track
"New Stock God" Serenity posted on X platform, stating that LeaderDrive (Stock Code: 688017, valued at 57.73 billion RMB) is its most favored listed target in China when laying out the humanoid robot track. The company's business covers harmonic reducers, humanoid robot rotary joint reducers, linear actuators, motors/joints, and other core components, and it is currently entering the field of planetary roller screws.It is reported that its harmonic reducers hold over 60% of the domestic market share, serving more than 1,800 global clients. Key customers include Universal Robots, UBTech, and Agibot, while Tesla, Figure, and the vast majority of other humanoid robot developers are its potential clients. According to rough estimates, the company's components account for 4% to 15% of the Bill of Materials (BOM) for each humanoid robot, a proportion that may further increase as it expands into more sub-segments.Serenity believes that such companies are difficult to model precisely in financial terms, and their prospects depend on the production scale of humanoid robots in the coming years. Therefore, the strategy is to take a directional long position on companies capable of capturing a significant share in each humanoid robot, rather than precise financial modeling. Serenity stated that China is a leader in scalable mass production within this field, and many Western players cannot reduce costs to LeaderDrive's level. As the world moves towards scaling physical AI, Serenity is extremely bullish on the robotics track.
OKX Launches "Rookie Showdown" — New Users Can Share a 50,000 USDT Prize Pool
: According to official sources, OKX has officially launched the "Rookie Showdown" event. From now until June 13, 2026, 23:00 (GMT+8), new users who complete designated tasks can claim a welcome package worth 35 USDT, including crypto purchase coupons, trial trading funds, and strategy airdrop vouchers. In addition, new users can also participate in the exclusive trading leaderboard to share a 50,000 USDT prize pool, and have the chance to win rewards such as POP MART Star Figure merchandise.
a16z Leads Special’s Funding Round; Former DOGE Team Bets on AI-Driven M&A Cost Reduction
According to Tech in Asia, Special, an AI-powered M&A firm co-founded by Nate Cavanaugh and Justin Fox—both former staff members of the U.S. government’s Department of Government Efficiency (DOGE)—has announced a funding round of undisclosed amount, led by Andreessen Horowitz (a16z). Investors include Antonio Gracias, founder of Valor Equity Partners; Anthony Armstrong, former CFO of xAI; Brian Armstrong, CEO of Coinbase Global; and Shyam Sankar, CTO of Palantir Technologies. Special plans to acquire service-based businesses by automating workflows with AI to reduce costs, and has already reached an agreement to acquire a Texas-based healthcare company, which will be integrated into Figure Health—the company’s business line focused on aging populations.
Genius Group Launches AI Treasury Strategy, Planning to Allocate $100 Million into Equity Stakes in Private AI Companies Including OpenAI and SpaceX
According to GlobeNewswire, Genius Group, a U.S.-listed Bitcoin treasury company, announced that its Board of Directors has approved an expansion of the company’s treasury strategy—adding an AI Treasury to its existing Bitcoin Treasury and launching the AGI Infinity Portfolio. The initial investment target is $100 million, with a five-year goal of scaling up to $800 million. In the first phase, approximately $20 million will be allocated via relevant funds to equity stakes in private AI companies including OpenAI, SpaceX, Anthropic, Figure AI, Databricks, Anduril, Replit, and Shield AI. The remaining $80 million is planned for investments across the AI value chain—including power infrastructure, computing capacity, hyperscale cloud services, frontier AI models, and robotics.