01 /
Brief
Figure's tokenized home equity line of credit on Provenance Blockchain. ~$15.7B outstanding, 54% of all tokenized private credit, ranked #9 across all cryptocurrencies by market cap. Token supply calibrated to the unpaid principal balance of the underlying HELOC pool.
02 /
Snapshot
Key terms and identifiers.
- Asset value
- $390M
- Fee
- Not publicly disclosed
- Custodian
- Cordial Systems (MPC self-custody)
- Min investment
- $10,000
- Structure
- onchain lending facility (Democratized Prime)
- Chains
- Provenance Blockchain
- NAV frequency
- Hourly (Dutch Auction repricing)
- Investor type
- Retail (KYC required)
- Spec type
- fund
- As of
- 2026-05
- Asset classes
- Private credit, Real estate
- Regulatory
- sec-reg-d
- Jurisdiction
- US
- Analytics
- app.rwa.xyz/assets/FIGUR-HELOC
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Milestones
How this player got here.
- 2026Crossed ~$15.7B market cap, top-10 cryptocurrency by market cap
- Sep 2025Reached 54% market share of tokenized private credit
- Jun 2024Crossed $1B in originations
- Jan 2021First blockchain HELOC originated
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Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
