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Figure is bringing YLDS, the first SEC-registered, yield-bearing stablecoin, to the Sui Blockchain. One of the fastest growing blockchain networks, Sui Foundation hit a record $229 billion in stablecoin transfers earlier this year. With YLDS, Sui's scale meets regulated, real-world yield. “Bringing YLDS to Sui marks a major upgrade for regulated DeFi — combining compliant assets with the speed and composability only Sui can deliver,” said Evan Cheng, CEO of Mysten Labs, Sui's leading contributor. But this is just the first step in a big journey, according to Figure co-founder and executive chairman Mike Cagney: “Issuing YLDS on Sui is just the beginning — we’re expanding compliant, yield-bearing assets across multiple blockchains."
Fresh off our IPO, we’re in high-growth mode and hiring across the company. Would you be interested in working with Figure, or know someone who wants to shape the future of capital markets? Here are a few of the many positions we have open: - Associate, Partner Success - Corporate Counsel - Customer Success Associate (Dallas, TX) - Customer Success Associate (Reno, NV) - Head of Investor Relations - Senior Product Counsel, Crypto - Workforce Management, Real Time Analyst - Account Admin Associate - Post Close Ops Associate - Accounting Intern Check out more roles on our Careers site!
It's official! Ringing the bell on IPO day at Nasdaq last week marked both progress and possibility - a celebration of how far blockchain has come and a signal of the future still to be built. What began as a radical idea to bring capital markets into blockchain is now reshaping how money moves: faster, cheaper, and more transparent. We our excited for the road ahead - building markets that work better for everyone. #Nasdaqlisted
Congrats to our CEO - Michael Tannenbaum who's been named a 2025 HousingWire Vanguard - a recognition of the housing industry's most influential leaders. As with our co-founder and executive chairman Mike Cagney, Michael is laser-focused on transforming capital markets with blockchain. Under his leadership, that vision is already proving itself at scale: $17B+ in funded loans and $50B+ in blockchain transactions processed 170- partner strong ecoystem Industry-first validation from Moody's and S&P with AAA-rated securitizations of blockchain-native loans. And importantly, we've achieved all of this while growing profitably.
The “stablecoin summer” of 2025 is accelerating the move toward a new era in finance — one that's more open, transparent, and connected. In American Banker, Figure’s Mike Cagney and Michael B. Tannenbaum explain how the GENIUS Act’s new stablecoin framework could shift $6.6T in deposits away from traditional accounts and into stablecoins. That shift touches everyone: ⚫ For consumers, stablecoins could function like checking accounts with the added ability to move money instantly — while tokenized assets create new, transparent ways to earn yield. ⚫ For banks, fewer deposits mean a move toward narrow banking models and new funding strategies. ⚫ For markets, DeFi and tokenization open the door to more liquid, blockchain-based capital flows. At Figure, we’re excited to be part of creating a more connected system where consumers, banks, and capital markets operate on the same rails. Read the article here: https://www.americanbanker.com/opinion/stablecoin-regulation-will-drive-a-return-to-narrow-banking
Figure recently completed a securitization (rated AAA by Moody's, the first for blockchain assets) that comprised all first lien mortgages. Figure is well known for second liens / HELOCs, but what made this securitization even more notable was that these loans could have gone to Fannie Mae or Freddie Mac, but instead went to Figure's marketplace. Our partners either explicitly or implicitly chose our market. Our use of blockchain and the related liquidity and transactional benefits we have brought to our marketplace has enabled us to catch up and beat what has been well known to be the most liquid and robust debt market. More to come here, we are improving our technology and marketplace every day.
We recently increased our HELOC borrowing limit from $400k to $750k, making it easier for homeowners to access more of what they've built! It's a win-win for our partners and homeowners alike. This move unlocks a significantly larger segment of equity-rich homeowners - all with the same 100% online experience and fast funding!
In July, Figure's Capital Markets team ran the SF Half Marathon - not just for the challenge, but to also support the Jump$tart Coalition for Personal Financial Literacy and its mission to bring financial literacy to kids across the U.S. For some, it was their first-ever race. For all of them, it was 13.1 miles of San Francisco hills, heart, and shared purpose. We couldn't be prouder of this crew! Here's to fast legs and big impact.
Figure Expands Intellidebt to Broaden HELOC Access and Streamline Debt Consolidation We have expanded our Intellidebt Direct Debt Payoff (DDP) feature, making our HELOC product a full alternative to cash-out refinancing - with lower costs and a better borrower experience. Key Enhancements: * Broader debt consolidation: Borrowers can now pay off multiple lien types and unsecured debts (e.g., credit cards, auto loans) within one application. * Improved qualification: The payoff process improves key metrics like CLTV and DTI, helping borrowers qualify for higher loan amounts. * Streamlined process: Once debts are paid, borrowers are automatically requalified, reducing manual lender work and boosting loan pull-through. * Stronger lender outcomes: Higher conversions and pipeline growth through easier qualification for low-balance loans. Performance Impact: Over 6,000 borrowers have used Intellidebt, with: * $24,500 average debt paid off * 27-point average FICO increase in the first month
📣 We're growing fast and looking for exceptional people to join us. We're hiring for a number of different roles across teams and offices (+ some remote). Come build the future of finance with one of Forbes' Hottest Fintechs of 2025. Here are just a few of our open roles; check out many more on our Careers site. 💻 Staff DevOps Engineer (Remote) 📊 Sr. Analyst, Strategic Finance (NY) 🏦 Senior Operations Manager – Servicing & Collections (Charlotte) ⚖️ Sr. Product Counsel, Crypto (SF, DC, NY) 📜 Sr. Capital Markets Counsel (SF, DC, NY) 🧾 Assistant Controller (Remote) 🗂️ Account Admin Associate (Reno) 🧮 Sr. Payroll Specialist (NY, Reno, SF, Charlotte) 🛠️ Account Executive, Home Improvement (Remote) 🧾 Staff Accountant (Remote, preferably Reno) 📞 Loan Consultant (Charlotte) 🤝 Director, Partnership Development – Enterprise Banks & Credit Unions (Remote) Learn more here: https://job-boards.greenhouse.io/figure
