Figure Surpasses Major Banks in Securitization Volume with Tenth ABS Deal

Figure Technology Solutions, a blockchain-native lender listed on Nasdaq under the ticker FIGR, has filed for its tenth home equity line of credit asset-backed securities deal this year. This filing pace puts the company ahead of most traditional banks in ABS issuance volume so far in 2026.

The latest transaction is being issued under the FIGRE Trust shelf, a structure Figure has used for its entire 2026-HE series of deals. The securities are backed by pools of prime and near-prime HELOCs originated on Figure's platform.

Figure's total count of rated HELOC securitizations now stands at at least 30, a staggering number considering the company started with a $149 million deal back in 2020. SEC ABS-15G filings and preliminary assessments from rating agencies including S&P and Morningstar DBRS confirm the momentum.

Figure's entire lending operation runs on blockchain infrastructure, handling everything from loan origination to servicing. This technology backbone allows the company to move faster than legacy systems typically permit.