Figure Markets
IssuanceActive· US

Figure Markets

First company to IPO on Nasdaq and then turn around and let other companies do the same thing onchain. OPEN is the bigger story: actual shares on a public chain, traded on their own ATS, available to anyone who wants to list.

figure.com ↗#helocs#equity-issuanceVerified May 13, 2026
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Brief

Largest onchain loan originator: $19B+ in HELOC originations to date, $1B+ monthly. 70% market share in RWA private credit. IPO'd on Nasdaq in September 2025 (ticker FIGR). Launched OPEN, an onchain public equity network on Solana that lets companies list equity natively on blockchain via Figure's ATS.

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Recent activity

Latest moves on the changelog feed.

  • Mar 29, 2026WIRED

    Figure Markets → Solana. Native equity issuance (second IPO).

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Snapshot

Key terms and identifiers.

Asset value
~$80M
Custodian
Self-custody (onchain registry)
Spec type
tokenized-stocks
Tokens
1 (native)
Primary chain
Provenance + Solana
Regulator
SEC (Reg A+ IPO)
Distribution model
Native equity issuance
Distribution venues
Figure Markets + Solana DEXes
Asset classes
Private credit, Real estate, Equities
Token standards
erc-20
Regulatory
sec-reg-d
Jurisdiction
US
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Milestones

How this player got here.

  1. Q1 2026OPEN equity network live for native onchain stock issuance
  2. Mar 2026Figure Markets → Solana. Native equity issuance (second IPO).
  3. Dec 2025Launched RWA Consortium for onchain finance on Solana
  4. Sep 2025IPO on Nasdaq under ticker FIGR
  5. Jan 2021First blockchain HELOC originated on Provenance
  6. 2018Founded
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Connections

Who they build with, build on, integrate with.

Flow

Capital, products, and distribution moving outward.

Dependency

Where this player builds on, integrates, or relies on others.

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