What is Figure Heloc?

Figure Heloc is focused on creating a foundational protocol layer for institutional debt markets utilizing blockchain technology. It operates on the Provenance Blockchain and consists of two primary components: Figure Connect and Figure Markets. Figure Connect serves as a primary market that standardizes and tokenizes debt assets, specifically home equity lines of credit (HELOCs) and private credit, into on-chain formats.

Figure Markets functions as a secondary trading venue that facilitates continuous settlement of digital loan assets through decentralized custody, accommodating both cryptocurrency and fiat transactions. The combined offerings aim to provide an integrated protocol for real-world asset finance, grounded in established lending practices.