Figure Heloc

Figure HELOC (FIGR_HELOC) is a tokenized real-world asset that represents home equity lines of credit originated through Figure's lending platform and placed on-chain via the Provenance Blockchain. It is designed to bring traditional mortgage-adjacent debt instruments into a digital format that institutional participants can originate, trade, and settle without the friction of conventional loan markets. The asset targets participants in institutional debt markets who want exposure to consumer credit products through blockchain-based infrastructure.

HELOC loans are standardized and tokenized through Figure Connect, which acts as a primary market, converting the underlying debt assets into composable on-chain formats that live on the Provenance Blockchain. Figure Markets then provides a secondary venue where these tokenized loan assets can be traded and settled around the clock, using decentralized custody and supporting both crypto and fiat on- and off-ramps. The token itself represents an interest in the underlying loan pool rather than a governance or utility token in the conventional cryptocurrency sense.

The data provided does not include a fee stream, revenue figure, or yield distribution tied directly to FIGR_HELOC, so fee-based measures common to protocol tokens on this site are not applicable here. The asset carries a circulating supply of 21,691,591,339.288 units at a price of 1.035 USD, giving a market capitalization of 22,449,817,356 USD at the point-in-time recorded. The fully diluted value equals the market capitalization exactly, as the fdv_to_mcap ratio is 1.0 and dilution overhang stands at 0.0 percent, meaning no supply is pending or unreleased. What economic return, if any, flows to token holders from the underlying HELOCs is not described in the available data.