Figure’s Blockchain Loan Marketplace Hits $5.8B in Quarterly Volume

Figure Technology Solutions reported third-quarter 2026 Loan Marketplace volume of $5.8 billion, up 135% from a year earlier, according to its results release dated November 12. The figure includes $677 million from Kiavi, a lender Figure acquired effective September 1.

Figure Connect, the platform that links loan originators with banks and other institutional buyers, accounted for $4.3 billion of volume, or 72% of standalone Loan Marketplace volume, the company said. Chief Executive Michael Tannenbaum called it a record quarter and pointed to a shift toward a capital-light model.

Net revenue rose 84% to $287 million, and adjusted EBITDA rose 91% to $164 million. Net income of $89 million was roughly flat year over year; Figure noted that the third quarter of 2025 included a one-time $31 million tax benefit. Cash excluding restricted cash was $1.6 billion. For the fourth quarter, Figure guided to Loan Marketplace volume of $6.2 billion to $6.7 billion.

Crypto Insiders, which highlighted the results on November 13, noted that the loans are mostly conventional credit rather than crypto-collateralized loans. Blockchain is used to record, finance and resell them, it said. The $5.8 billion covers Figure’s own marketplace, not the whole blockchain lending sector. Figure said it and its partners have originated more than $30 billion of loans to date. Results, the record claim and guidance are company-reported.

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Sources:

• Figure Technology Solutions: Reports Third Quarter 2026 Results (GlobeNewswire)

• Crypto Insiders: Blockchainmarkt voor leningen groeit naar ruim 5 miljard