The blockchain-native lending platform reached an intraday peak of $36.13, representing a 44.5% surge, before settling at closing levels.
Figure’s steady trading pattern reflected institutional confidence in the company’s tokenized credit model and established lending operations.
“What began as an idea to reimagine capital markets through blockchain is becoming a reality with money moving faster, cheaper, and transparently. We’re just getting started.”
However, Figure maintains one of the lowest share counts at 211.66 million, with only Bullish issuing fewer shares at 148.91 million.
He noted that FIGR has potential upside to $60-75 over 18-24 months based on adoption and margin expansion. The firm operates the first scaled institutional-grade on-chain lending platform with $12 billion in loans outstanding and approximately $750 million in monthly originations.
Figure’s blockchain-native securitization model provides operational efficiencies over traditional lending platforms.
Sigel pointed out that conventional AAA securitizations require 100% loan audits at $500 per loan.
However, Figure’s immutable loan-level data allows rating agencies to accept 25-30% sampling at $100 per loan, delivering approximately 100 basis points in lifecycle cost savings.
The company controls roughly 2.9% of the $406 billion US home equity line of credit market on a stock basis and approximately 10% of incremental flow.
Sigel estimated that Figure can sustain 30% revenue growth with 40% EBITDA margins, targeting $1.3 billion revenue and $520 million EBITDA by 2027.
The successful debut validates institutional demand for blockchain-enabled financial infrastructure while positioning Figure as a scaled player in tokenized credit markets.
