Figure Technologies Surpasses $4B Quarterly Loan Volume on Blockchain Infrastructure
Figure Technologies' quarterly loan volume reached $4.3 billion in Q2 2026, representing a 132% increase from the same quarter last year. This growth is a testament to the company's blockchain infrastructure, which has processed over $50 billion in cumulative transactions since its inception.
Founded by Mike Cagney, former CEO of SoFi, Figure Technologies aimed to rebuild the plumbing of lending and capital markets on blockchain rails from day one. The result is Provenance, a proprietary blockchain that handles origination, funding, tokenization, and trading of loans and financial assets.
The company listed on NASDAQ under the ticker FIGR in September 2025 and has since expanded its product suite and institutional footprint. Figure launched the On-Chain Public Equity Network (OPEN) in February 2026, featuring FGRD tokens, a blockchain-native class of the company's own stock.
The YLDS digital asset, an SEC-registered yield-bearing instrument, targets investors seeking predictable returns without leaving the digital asset ecosystem. Over 380 institutions have partnered with Figure, benefiting from a shared system of record for real-world assets that eliminates reconciliation headaches and reduces costs.