Private credit wasn’t built for speed—or transparency. Figure is changing that. In less than a year, its blockchain-powered loan marketplace, Figure Connect, has onboarded major players like Goldman Sachs, Jefferies, and Deutsche Bank, with over 96% of its loans now originated through DART, the company's real-time lien registry. What once took weeks—assigning and verifying loan ownership—now takes minutes, cutting costs and reducing counterparty risk for banks, originators, and investors.
That infrastructure is already changing how private markets move. In February, Figure secured a $200 million joint venture with Sixth Street, one of the world’s largest asset managers, to bring programmatic liquidity to the Connect platform. The venture will forward purchase loans, securitize assets, and create a continuous bid for credit products—a major step toward standardizing private credit the way agency mortgages once were.
Behind the scenes, Figure is scaling up for an even bigger impact. After surpassing $1.5 billion in quarterly originations and reporting 80% year-over-year revenue growth, the company appointed seasoned fintech CFO Macrina Kgil in December to build out its financial backbone and support its next phase of expansion.
