Figure — Digital-Asset-Backed Term Loan Program

Figure is a US consumer and capital-markets lender offering a dedicated crypto-backed loan alongside its home-equity and real-estate products. The current loan permits eligible borrowers to pledge bitcoin, ether, or solana and borrow cash while retaining beneficial ownership of the collateral. Figure's FAQ states that borrowers may access up to 75% of collateral value, although its comparison disclosure uses a 50% loan-to-value example and actual limits depend on asset and underwriting. The term is 12 months, with monthly interest-only payments or interest deferral until maturity; principal and any deferred interest are due at the end. Figure states that collateral is held by a qualified custodian in segregated vaults using multiparty-computation controls. Rates are shown through the application and calculator rather than guaranteed for all borrowers. The company continues to operate as a public US fintech, and its June 2026 financing agreement with Cross River Bank supports additional origination capacity. State eligibility and signed terms govern each loan.