@Figure

Figure Technologies is an established fintech company building blockchain-based capital markets infrastructure on Provenance blockchain.

They operate Figure Markets (a crypto exchange), HELOC lending products, and tokenization services for real-world assets.

The company reports triple-digit growth and 50% EBITDA margins in Q1 2026, with institutional partnerships including Morpho, Kamino, and Stellar.

However, with a 2018 account creation date, 21.5k followers, and mature product suite generating significant revenue, this is NOT an early-stage project but rather an established player in the RWA/tokenization space.

Green flags: Profitable business model with 50% margins and triple-digit growth reported · Working products across multiple verticals (lending, exchange, tokenization) · Institutional partnerships with notable DeFi protocols · Built on dedicated Provenance blockchain for financial applications

Red flags: Already established — account created in 2018, nearly 8 years old · Mature company with existing revenue streams and institutional client base · Well-known in RWA/tokenization circles, not an undiscovered gem · Enterprise-scale operation, not early-stage by any definition