Deployments · Figure · platform by Figure

Figure Democratized Prime lending marketplaceNew

Democratized Prime is Figure's on-chain lending marketplace on the Provenance blockchain, reached through the Figure Markets app. Lenders put YLDS (Figure's interest-bearing dollar token) into a pool and lend it to Figure, which borrows against pools of the home equity lines of credit (HELOCs) it originates; auto loans were added as a second pool in April 2026. The interest rate is set by Figure's own utilization-based, real-time auction engine, and lenders share pro rata in all borrowings. It launched in June 2025. At 30 June 2026 about $392 million of offers were matched between borrowers and lenders, up from $206 million at the end of 2025. Most of the money comes from parties related to Figure, including Hastra, the protocol behind the PRIME token: of the YLDS lent through Democratized Prime at 30 June 2026, $41.4 million came from third parties and $306.3 million from related parties. The money lent is YLDS, which is counted once under Figure's YLDS record, so the balances here are shown as context only.

Live (limited) since Jun 2025^[2]i — Live with real balances, but most lending comes from parties related to Figure (10-Q debt note) and the only borrower is Figure. · Reviewed 13d ago i

Assets

Loan interest^[2][4]

YLDS loans to Figure secured on pools of Figure-originated HELOCs (and, from April 2026, auto loans) whose records sit on Provenance

Networks

Provenance Blockchain Public, permissionless^[3]

Figure's release calls Democratized Prime a decentralised lending protocol on the Provenance Blockchain.

Use cases i

Secured lending^[1][2]

Jurisdictions

United States

Participants

• FigureOperator, Platform provider, Counterparty^[2][1]United States
• HastraInvestor, Distributor^[5][6][1][7]Cayman Islands
• SentoraAsset manager^[7]British Virgin Islands
• SteakhouseAsset manager^[7]Cayman Islands
• Galaxy DigitalAsset manager^[7]United States
• Chainlink LabsTechnology provider^[8]United States
• Third-party lenders, who had lent $41.4 million of YLDS through the platform at 30 June 2026 ($24.4 million at the end of 2025).^[1]

Assets

• Settles inYLDS (YLDS)^[1]Lenders lend YLDS; interest is paid in additional YLDS.
• Takes as collateralFigure HELOC records on Provenance (FIGR_HELOC)^[2][3]

Metrics i

• $391.82mMatched offers balance · as of 30 Jun 2026context^[1]
  End-of-period value of offers matched between borrowers and lenders (Figure's definition). The money is YLDS, counted under YLDS (wrapper rule).
• $206.1mMatched offers balance · as of 31 Dec 2025context^[1]
  End-of-period balance (Figure's definition). The money is YLDS, counted under YLDS (wrapper rule).
• $414.05mBorrower demand · as of 30 Jun 2026context^[1]
  End-of-period amount borrowers sought to borrow from the lending pool (Figure's definition). The money is YLDS, counted under YLDS (wrapper rule).
• $246.38mBorrower demand · as of 31 Dec 2025context^[1]
  End-of-period balance (Figure's definition). The money is YLDS, counted under YLDS (wrapper rule).
• $522.15mAvailable lender supply · as of 30 Jun 2026context^[1]
  End-of-period amount lenders made available in the lending pool (Figure's definition). The money is YLDS, counted under YLDS (wrapper rule).
• $213.1mAvailable lender supply · as of 31 Dec 2025context^[1]
  End-of-period balance (Figure's definition). The money is YLDS, counted under YLDS (wrapper rule).

Timeline

1. Happened 14 Apr 2026 · Scope expansion · recorded 15 Oct 2026
   Democratized Prime adds auto loans as its first asset class beyond home equity, starting on Solana via Hastra.^[4]
2. Happened 4 Dec 2025 · Scope expansion · recorded 15 Oct 2026
   Figure and partners launch an RWA consortium on Solana around PRIME, Hastra's staking token, which channels Democratized Prime yield to DeFi users.^[3]
3. Happened Jun 2025 (month only) · Launch · recorded 15 Oct 2026
   Figure launches Democratized Prime, a marketplace where users lend into Figure's ecosystem at a market-clearing rate.^[2]

Sources i