- Figure's loan origination system tokenizes loans onto the **Provenance Blockchain**, leveraging **DART** (Digital Asset Registry and Transfer) and **Figure Portfolio Manager** for transparent and accurate asset management and verification.  **[0002064124_2200837_0]** **[0002064124_2200837_1]** 
- The company's technology significantly improves **collateral verification and auditing**, eliminating manual reconciliations and enhancing security against issues like double pledging.  **[0002064124_2200837_2]** **[0002064124_2200837_3]** 
- Figure's **Yields stablecoin** facilitates transparent and efficient loan servicing, enabling better fund separation and real-time monitoring of collateral and payments.  **[0002064124_2200837_3]** **[0002064124_2200837_4]** 
- Figure has established a strong market presence with **over $18 billion in assets** and **over $65 billion in transactions** on the Provenance Blockchain, aiming to disrupt traditional capital markets.  **[0002064124_2200837_6]**

Figure Details Blockchain-Based Loan Origination and Asset Management

- Figure's loan origination system underwrites standardized loans, which are then registered with the county under a **Figure DART entity** and recorded on the **Provenance Blockchain**, establishing a single, instantaneous source of truth for loan assets.  **[0002064124_2200868_0]** 
- The **Portfolio Manager** and **DART** systems serve as client interfaces to view and transact loan rights, automatically updating the lien and eNote registry by "listening" to the blockchain, which significantly enhances collateral verification and eliminates the need for periodic reconciliations.  **[0002064124_2200868_1]** **[0002064124_2200868_2]** **[0002064124_2200868_3]** 
- Figure's blockchain technology prevents issues such as **double-selling or double-pledging** of assets by ensuring only one owner is associated with a token at any time. Additionally, the **Yields stablecoin** enhances transparency in loan servicing through continuous fund monitoring and real-time updates of unpaid principal balances, further mitigating fraud.  **[0002064124_2200868_1]** **[0002064124_2200868_4]** 
- Figure's technology aims to obviate the need for traditional title insurance by identifying and clearing encumbrances upfront and using DART to track lien ownership, positioning its capital market as a competitor to traditional agencies like Fannie Mae and Freddie Mac.  **[0002064124_2200868_5]** 
- Figure utilizes the **public Provenance Blockchain** and addresses interoperability challenges by bridging liquidity across different blockchain ecosystems, viewing these challenges as manageable rather than major roadblocks to its vision for capital markets.  **[0002064124_2200868_6]**

Figure Technology Solutions (FIGR)