Figure Technologies hits $4.3B in quarterly loan volume as blockchain infrastructure pays off

There’s a version of blockchain adoption that doesn’t involve dog coins or celebrity tokens. Figure Technologies is building it, and the numbers suggest it’s working. The company reported Q2 2026 consumer loan marketplace volume of $4.3 billion, a 132% increase compared to the same quarter last year. For a firm that went public less than a year ago, that trajectory is hard to ignore. From SoFi to Provenance Figure Technologies was founded in 2018 by Mike Cagney, who previously served as CEO of SoFi. The thesis from day one was straightforward: take the plumbing of lending and capital markets and rebuild it on blockchain rails. The result is Provenance, a proprietary blockchain that handles origination, funding, tokenization, and trading of loans and other financial assets. Since its inception, more than $50 billion in cumulative transactions have been processed on Provenance. That’s not hypothetical volume or testnet activity. It represents actual loans and financial instruments moving through a blockchain-native system at scale. The company listed on NASDAQ under the ticker FIGR following its IPO in September 2025. In the months since, it has moved aggressively to expand its produ...