Figure Markets Review 2026: Everything You Need to Know

In a crypto panorama that’s getting more and more break up between centralized exchanges and decentralized (DeFi) protocols, Figure Markets emerges as a hybrid resolution designed to bridge each worlds.

The platform is launched as a part of the broader Figure Technology Solutions, Inc. (“Figure”) ecosystem and is aimed toward combining parts of conventional finance (TradFi) with decentralized finance. The objective is to present customers with a single interface to commerce, earn, and borrow, whereas on the similar time sustaining management over their belongings.

At its core, Figure Markets is a self-custody digital asset platform that’s designed to allow customers to purchase and promote cryptocurrencies, entry lending merchandise, and generate yield from each real-world belongings (RWAs) and from crypto. Unlike lots of the mainstream exchanges, nevertheless,  it locations the emphasis on consumer possession by superior pockets expertise, guaranteeing that funds stay underneath the whole management of the consumer slightly than being held by the platform.

What makes it stand out is its ambition to transcend typical crypto change performance. It integrates a myriad of real-world finance merchandise, together with dwelling equity-backed lending, immediately right into a blockchain-based setting. This creates alternatives for customers to earn yield that’s derived from conventional belongings slightly than purely speculative crypto-oriented mechanisms.

From a consumer perspective, Figure Markets presents itself as an “all-in-one” monetary app, the place buying and selling, borrowing, and incomes coexist inside a unified ecosystem. This strategy is designed to attraction to a broader viewers – from customers who search self-custody and yield, to extra conventional buyers who search for a well-recognized monetary product.

Ultimately, the platform isn’t attempting to compete solely as one other crypto change. Rather, it’s positioning itself as a next-gen capital markets platform.

Company Background and Vision

Figure Markets is a part of the broader ecosystem that’s constructed by Figure Technology Solutions – a NASDAQ-traded fintech agency based by Mike Cagney, who’s also referred to as the previous CEO and co-founder of SoFi.

Figure has predominantly targeted on modernizing monetary companies by blockchain-based applied sciences. More significantly, by bringing conventional belongings like loans on-chain.

The launch of Figure Markets (in 2024) represented a pure extension of the agency’s imaginative and prescient to create a market that enables customers to work together with each crypto and real-world monetary merchandise in a unified setting.

Central to this specific technique is the Provenance Blockchain. This is a purpose-built community that’s particularly designed to help asset tokenization and clear monetary operations.

In essence, Figure Markets displays a broader ambition to rebuild capital markets infrastructure through the use of blockchain expertise whereas additionally sustaining regulatory alignment and institutional-grade requirements.

Core Features: Overview

Figure  Markets is developed as an all-in-one monetary platform, as we talked about above. It combines a number of companies which might be typically unfold throughout exchanges, wallets, and varied DeFi protocols.

Its core attraction lies in simplifying entry to crypto and blockchain-oriented monetary merchandise. However, this doesn’t appear to occur on the expense of management or transparency, which boosts its core product providing.

Some of the platform’s key options embrace:

• Self-custody pockets

Users are ready to retain full management of their belongings by self-custody wallets and superior multi-party computation (MPC) expertise, which reduces the reliance on centralized custody, if not eliminating it utterly.

• Integrated buying and selling performance

Figure Markets permits customers to purchase and promote supported cryptocurrencies inside the similar utility, which eliminates the necessity for exterior exchanges. These transactions are executed on a peer to peer foundation, by the Figure Markets Exchange module on the Provenance Blockchain.

• Earn merchandise with actual yield

Democratized Prime, a decentralized lending market that enables customers to entry yield alternatives which might be backed by real-world belongings, not simply crypto incentives.

• Crypto-Backed Loans

Crypto-Backed Loans* permits individuals to unlock liquidity with out having to promote their digital belongings and use them as collateral as an alternative to do issues together with buy extra crypto.

• Real-world asset publicity

What has undoubtedly turned out to be one of many hottest crypto use instances, RWAs permit customers to take part in blockchain-based monetary merchandise, that are tied to conventional belongings comparable to loans, for instance.

• On-chain transparency

Transactions and asset exercise are recorded on the Provenance Blockchain. This ensures higher visibility and accountability.

Trading Experience and Supported Assets

Figure Markets provides a slightly streamlined buying and selling expertise, which is designed to really feel acquainted to customers of centralized exchanges. However, it nonetheless operates inside its very personal self-custody framework.

The platform focuses on simplicity and accessibility. It makes it very straightforward to purchase and promote crypto with out requiring the consumer to navigate advanced order books or superior buying and selling interfaces.

One of its standout elements is the emphasis on low buying and selling charges. This lowers the barrier to entry for informal customers and for long-term buyers alike. Instead of catering to high-frequency merchants, as many different exchanges do completely, Figure Markets leans towards a extra intuitive buying and selling circulation, which is nearer to a fintech utility than an expert buying and selling terminal.

That mentioned, its professional buying and selling platform does really feel acquainted to lots of the present centralized exchanges, making it very straightforward for customers with expertise to transition, whereas additionally providing a really acquainted UI on the similar time.

It’s necessary to notice that liquidity remains to be growing, given how comparatively new the platform is, but it surely positively advantages from integration inside the wider ecosystem of Figure. Over time, that is seemingly to enhance each depth and pricing effectivity.

Overall, the buying and selling expertise is finest fitted to:

• Users who worth ease of use over extremely superior tooling
• Investors targeted on core crypto belongings and self-custody
• Lenders in search of entry to yield generated by personal credit score belongings beforehand reserved for establishments
• Those who already use Figure or Figure Markets for incomes or borrowing

Earning and Yield Products

One of the extra compelling elements of Figure Markets is its evident deal with yield technology, significantly by merchandise which might be tied to real-world monetary exercise. This positions the platform very in another way from a lot of the DeFi protocols, the place the returns have a tendency to be pushed by token inflation, emissions or speculative demand in lots of the instances.

At the middle of its providing are real-world asset-backed yield alternatives by Democratized Prime, Figure Market’s decentralized lending market. These normally contain swimming pools which might be related to loans originated inside the broader Figure ecosystem however not too long ago Democratized Prime has expanded to different credit score belongings, together with auto loans originated by Agora Data. Figure’s tokenized RWAs embrace dwelling fairness strains of credit score (HELOCs). In reality, Figure is the #1 non-bank HELOC lender within the US, having unlocked greater than $22 billion in liquidity.

Users may entry yield-bearing digital belongings together with Figure’s proprietary yield-bearing stablecoin, YLDS, which is issued by the Figure Certificate Company (FCC). YLDS is the primary and solely yield-bearing stablecoin registered with the SEC, and was the primary public safety to be to be efficiently registered with the SEC. Products like YLDS and Democratized Prime are designed to generate revenue. They are structured to supply very aggressive returns whereas sustaining comparatively conservative threat profiles when put next to unstable crypto staking methods. YLDS yields SOFR minus 35bps, whereas yields generated in Democratized Prime are usually within the vary of 7-9%.**

To sum it up, a few of the key highlights of the incomes expertise embrace:

• Attractive goal yields
• RWA-backed yields
• Focus on passive revenue
• Integrated entry

That mentioned, these merchandise are usually not risk-free. The returns will depend upon the borrower’s efficiency, collateral fairness, and the broader market circumstances.

In essence, Figure Markets’ incomes suite is fitted to customers who search extra predictable and income-oriented methods.

Borrowing and Lending Services

In addition to buying and selling and incomes, Figure Markets additionally supplies a variety of borrowing and lending companies together with Crypto Backed Loans* that are originated by Figure Lending LLC (and Figure Markets Credit LLC for New York and worldwide prospects). CBLs are designed to unlock liquidity with out requiring the consumer to promote their cryptocurrency. This is a really integral a part of its hybrid mannequin, mixing conventional finance merchandise with crypto-backed lending.

On the Figure Markets facet, customers are ready to take out loans towards their digital belongings utilising flex price variable choices in Democratized Prime. By utilizing crypto as collateral for a fixed-rate CBL or a flex-rate mortgage, they preserve market publicity with out incurring the implications of promoting their crypto. This may be very helpful for long-term holders who want entry to money or stablecoins and don’t need to set off a taxable occasion or to miss potential upside.

Some of the important thing options right here embrace:

• Streamlined utility course of
• Flexible use of funds
• Competitive low charges at 8.91% (9.999% APR) @ 50% LTV2
• Liquidation Protection7

Of course, customers want to be well-aware of the liquidation dangers that include extremely unstable markets, however Figure Markets does a very good job of clarifying this. Users who elect to pay the extra payment for liquidation safety won’t be topic to liquidations or margin calls primarily based on value motion in the course of the lifetime of their mortgage.

Flagship Products

Democratized Prime

This is a decentralized lending market that brings institutional-grade yield alternatives to Figure Markets’ customers. It is designed to join lenders and debtors immediately the place customers are ready to set their most popular rates of interest.

Some of its highlights embrace:

• Yields (7-9%) relying on market circumstances**
• Overcollateralized swimming pools giving lenders extra safety
• Real-world asset backing
• Hourly liquidity

Crypto-Backed Loans*

This product permits customers to entry liquidity with out having to promote their digital belongings. This makes it very sensible for long-term holders. Instead of cashing out (promoting), customers pledge their crypto as collateral and obtain funds in return.

• Retain your crypto publicity
• Competitive mounted charges
• Fast entry to funds

User Interface Experience (UI/UX)

The platform locations a robust interface on delivering a clear consumer expertise slightly than trader-heavy options, but it surely does include all the required tooling a complicated consumer would wish.

Navigation is simple with clearly separated sections for buying and selling, incomes, and borrowing. This permits anybody to transfer between options with none friction. The structure feels nearer to a recent neobanking app slightly than a conventional crypto change, which oftentimes makes it significantly interesting to those that prioritize simplicity and quick access.

Onboarding can also be fairly clean. Account setup, id verification, pockets creation – all of it’s built-in right into a guided circulation, which reduces a few of the typical bottlenecks and obstacles to entry which might be related to self-custody platforms.

The cell expertise is undoubtedly a core focus, with the app serving as the first interface for a lot of customers. Performance is responsive, key actions like shopping for and promoting crypto by the skilled interface are additionally very clean.

Security, Regulation, and Compliance

It goes with out saying that safety and regulatory alignment are central to Figure Markets and its worth proposition, particularly given its objective to bridge crypto with TradFi. Unlike many centralized exchanges, the mannequin right here is self-custody, which signifies that customers retain full management of their belongings always. This is allowed by using MPC expertise, which distributes personal key administration throughout various events to cut back single factors of failure.

From a safety standpoint, this strategy positively provides a robust center floor between full-self custody and custodial options.

On the regulatory facet, Figure Markets stands out due to its reference to Figure Technology Solutions (FTS), which operates inside established monetary frameworks and considers itself a pacesetter in constructing compliant blockchain infrastructure.

FTS has been an business chief when it comes to innovation inside regulated ecosystems. Some of those business firsts included launching the primary public safety to be totally traded on blockchain rails when it launched YLDS, the SEC’s first and solely yield-bearing stablecoin  YLDS. YLDS was adopted by launching the primary blockchain-native public fairness that’s totally tradable on blockchain rails when it launched FGRS, FTS’s blockchain-native shareclass. FGRS is issued, held and traded solely on blockchain rails by Figure Onchain Public Equity Network (OPEN). Blockchain-native equities on OPEN settle atomically T+0, in contrast to conventional tokenised equities, which settle T+1 due to reliance on legacy infrastructure just like the Deposit Trust Clearing Corporation, DTCC. FGRS can be lent and used as collateral in swimming pools on Democratized Prime.

Subsidiaries of FTS embrace:

• SEC-registered Alternative Trading System (Figure ATS), administered by a FINRA-registered broker-dealer (Figure Securities, Inc.),
• SEC-regulated Transfer Agent (Figure Equity Solutions),
• 1940 Act Investment Company, registered as a Face-Amount Certificate Company (FCC),
• State-regulated Money Transmitter (Figure Pay)
• State-licensed lender (Figure Lending LLC)

Additionally, the truth that it’s constructed on high of the Provenance Blockchain enhances transparency as transactions and asset actions can simply be verified on-chain.

Conclusion

It goes with out saying that Figure Markets goals to deliver a compelling evolution of the cryptocurrency platform mannequin. It blends parts of a centralized change, DeFi protocols, and conventional monetary companies tied right into a unified ecosystem.

In our view, it’s finest fitted to buyers in search of passive revenue and extra predictable yield and are enthusiastic about real-world asset publicity, whereas valuing self-custody and a extra streamlined consumer expertise.

That mentioned, what stands out essentially the most is their dedication to offering high-quality merchandise comparable to yield alternatives by RWAs from Democratized Prime and aggressive charges for Crypto Backed Loans to present flexibility along with your crypto.

Disclosures

*Crypto backed loans are offered by Figure Lending LLC dba Figure (NMLS 1717824). Loans topic to approval. Crypto collateral could also be liquidated. Terms apply – see full disclosures at determine.com/disclosures/

©2026 Figure Lending LLC

Figure Lending LLC dba Figure 650 S. Tryon Street, eighth Floor, Charlotte, NC 28202. 888) 819-6388. NMLS ID 1717824. For licensing data go to www.nmlsconsumeraccess.org

Equal Opportunity Lender For basic buyer help, name (888) 819-6388 Monday – Friday, 6am – 9pm PT, Saturday – Sunday, 6am – 5pm PT (excluding holidays).

Equal Housing Opportunity

This web site isn’t licensed by the New York State Department of Financial Services. No mortgage solicitation exercise or mortgage functions for properties situated within the State of New York might be facilitated by this web site.

Digital forex isn’t authorized tender, isn’t backed by the federal government, and BIA accounts are usually not topic to FDIC or SIPC protections.

Availability:

Crypto loans are supplied to U.S. debtors by Figure Lending LLC. This product isn’t obtainable to U.S. residents of DC, ID, IL, KY, MD, MS, SD, TX, VT, or VA.
Crypto loans are supplied by Figure Markets Credit LLC to residents of the state of New York and to worldwide prospects besides within the following jurisdictions: Crimea (Ukraine), Donetsk (Ukraine), Luhansk (Ukraine), Afghanistan, Albania, Belarus, Central African Republic, Congo (the Democratic Republic), Cuba, Ethiopia, Haiti, Iran (Islamic Republic of), Iraq, Lebanon, Libya, Mali, Myanmar (Burma), Nicaragua, Nigeria, North Korea (Democratic People’s Republic of), Pakistan, Palestine (State of), Russia, Somalia, South Sudan, Sudan, Syria, Ukraine, Venezuela, Yemen, or Zimbabwe.

Lender & Licensing:

Figure Markets Credit LLC. 650 S. Tryon Street, eighth Floor, Charlotte, NC 28202. (888) 926-6259. NMLS ID 2559612. For licensing data, go to www.nmlsconsumeraccess.org

Crypto Loans begins at a minimal of $5,000, topic to state and jurisdiction-specific authorized limitations. Your mortgage quantity will finally depend upon the quantity of collateral in your account and your eligibility will likely be decided by your state or jurisdiction of residence, credit score profile, and different private data obtainable on the time of your utility.

1. General minimal and most mortgage quantities might range topic to state-specific authorized limitations.
2. Repayment Period (Minimum-Maximum): 12 months
   Maximum APR: 12.62% APR (APR contains curiosity plus relevant charges such because the 1% origination payment). Available rates of interest for Figure’s Crypto-Backed Loan are 8.91% (9.999% APR) at 50% LTV or 11.50% (12.62% APR) up to 75%.
   Representative Example (Total Cost): As an instance, a borrower receives a Crypto Backed Loan at 50% LTV of $10,000 for a time period of 12 months, with an rate of interest of 8.91% and a 1% origination payment of $100, for an APR of 9.999%. In this instance, the borrower will obtain $10,000 and can make 12 month-to-month funds of $74.25. Rates will likely be greater for functions secured by belongings with the next LTV ratio. The Figure Crypto-Backed Loan has a 12 month interest-only reimbursement time period and permits for a most preliminary LTV ratio of 75%. Interest charges change incessantly so your precise rate of interest will depend upon the date you apply and should depend upon many elements comparable to LTV ratio.
3. Obtaining a crypto-backed mortgage typically doesn’t set off an upfront taxable occasion. Tax remedy might range primarily based on particular person circumstances. Consult your tax advisor.
4. Liquidation safety is simply obtainable in CA, NY, FL, PA, AL, AK, GA, HI, MA, UT. Liquidations will nonetheless happen if the mortgage turns into delinquent. More details about liquidation safety might be discovered here. The Figure Crypto Backed Loan (CBL) permits eligible customers to borrow U.S. {dollars} secured by crypto collateral. The most loan-to-value (“LTV”) ratio is 50% at origination.
5. Approval isn’t assured

Liquidation safety is simply obtainable in CA, NY, FL, PA, AL, AK, GA, HI, MA, UT. Liquidations will nonetheless happen if the mortgage turns into delinquent. More details about liquidation safety might be discovered here. The Figure Crypto Backed Loan (CBL) permits eligible customers to borrow U.S. {dollars} secured by crypto collateral. The most loan-to-value (“LTV”) ratio is 50% at origination.

Investment merchandise: Not FDIC Insured, No Bank Guarantee, May Lose Value.

YLDS Stablecoins are unsecured face-amount certificates and solely backed by the belongings of Figure Certificate Company (FCC), who’s the issuer of the certificates. As a subsidiary of Figure Markets Holdings, Inc., FCC is (absent exclusion or exemption) required to adjust to sure limits on its exercise, together with funding and/or buying and selling limitations on its portfolio and different limitations underneath relevant banking and securities legal guidelines. FCC isn’t a financial institution, and the securities it provides are usually not deposits or obligations of, or backed or assured or endorsed by, any financial institution or monetary establishment, nor are they insured by the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board or another company. The Certificates are usually not an insurance coverage firm product, an fairness funding, Paid endorsement by Figure Technology Solutions, Inc. Opinions are my very own. Consult a monetary advisor earlier than making any selections or an funding in a cash market mutual fund. FCC’s certified belongings on deposit might exceed the deposit quantities required by relevant laws. If there are losses on FCC’s belongings, FCC might not have enough sources to meet its obligations, together with making curiosity and/or principal funds in your certificates. Most of FCC’s belongings are debt securities and are topic to dangers together with credit score threat, rate of interest threat and prepayment and extension threat. You might lose cash by investing within the Stablecoin. Although the Stablecoins seeks to protect the worth of your funding at $0.01 per share, it can not assure it is going to achieve this. You ought to contemplate the funding aims, dangers, fees and bills of certificates rigorously earlier than investing. Download a free prospectus, which accommodates this and different necessary details about our certificates. Read the prospectus rigorously earlier than you make investments. Figure Certificate Company Prospectus obtainable Here

The On-Chain Public Equity Network (OPEN) contains quite a lot of companies supplied by the Figure Group of corporations. Included within the companies supplied by OPEN is a Figure Markets MPC pockets for self-custody of digital equities and digital belongings. Cross-collateralization and portfolio margin capabilities by OPEN are enabled by Figure’s decentralized lending market, Democratized Prime. Public fairness buying and selling is made obtainable by an Alternative Trading System (“Figure ATS”) operated by FINRA/SIPC member Figure Securities, Inc.

Check the background of this agency on FINRA’s DealerCheck right here: https://brokercheck.finra.org/agency/abstract/307093

Investment in frequent inventory, together with Class A or blockchain-native shares, entails a high diploma of threat and should outcome within the lack of half or all your funding, as costs can fluctuate considerably due to market circumstances and firm efficiency, could also be unstable and tough to promote, are usually not assured to present returns or dividends, and could also be adversely affected by dilution, regulatory adjustments, or, the place relevant, dangers related to blockchain expertise. Additionally, this safety will not be appropriate for all buyers. Before investing it’s best to: (1) conduct your personal investigation and evaluation; (2) rigorously contemplate the funding and all associated fees, bills, uncertainties and dangers, together with all uncertainties and dangers described in providing supplies; and (3) seek the advice of with your personal funding, tax, monetary and authorized advisors. 

Past efficiency and yields are usually not dependable indicators of present and future outcomes. Rates related to the talked about merchandise are usually not assured and topic to change. 

Investing in cryptocurrencies entails important dangers. Cryptocurrency buying and selling isn’t obtainable in NY. Please click on right here for threat disclosures on investing and buying and selling in cryptocurrencies.

Figure Payments Corporation provides to self-directed buyers and merchants cryptocurrency brokerage companies underneath the model title, “Figure Markets”. It is neither licensed with the SEC or the CFTC neither is it a Member of NFA. Figure Payments Corporation’s NMLS ID quantity is 2033432, and is situated at 100 West Liberty Street, Suite 600, Reno, NV., 89501. You can confirm Figure Payments licensing standing on the NMLS Consumer Access web site. Click right here for Figure Payment’s state license and regulatory disclosures.

**Rates for Democratized Prime are variable, not mounted or assured, and should change primarily based on pool composition, borrower efficiency, public sale dynamics, and market circumstances; learn more:. Figure Markets and its associates don’t assure reimbursement, liquidity, or asset worth, and participation is topic to relevant phrases, together with the Democratized Prime Terms of Service and HELOC+ Addendum.

Figure Payments Corporation, Figure Lending LLC, Figure Securities, Inc, Figure Certificate Company, and Figure Markets, Inc. are every wholly owned subsidiaries of Figure Technology Solutions, Inc. Products and companies of all of those entities are supplied underneath the Figure Markets model. NOTE FOR INVESTORS: When making use of for accounts, subscriptions, services and products, it is necessary that you recognize which firm you’ll be coping with. Please click on here for additional necessary data explaining what this implies.

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