Figure Technology Solutions Achieves Industry First with S&P AAA Ratings for Blockchain Assets
'This milestone is a significant validation of both our asset quality and the blockchain-backed ecosystem we are building,' said Todd Stevens, Chief Capital Officer of Figure. 'Securing AAA ratings from S&P reflects the growing confidence in blockchain infrastructure as a foundation for secure, efficient, and transparent financial products.'
Key Highlights of the Transaction:
Investor Participation: More than 30 unique investors participated in the transaction, with large AAA investor participation. Participants included insurance companies, money managers, and credit funds.
Oversubscription: All bond classes were oversubscribed during the sale process, reflecting strong market demand.
Figure Connect: All of the collateral in the transaction was contributed by participants on Figure Connect – underscoring growing acceptance of our blockchain-based marketplace. Figure itself contributed no collateral into the deal.
'Our goal is for the market to see us as predictable on the credit side as well as the issuance side. We're confident that we can be relied on as a steady, consistent, transparent issuer, which helps drive our appeal with our diverse investor base,' Stevens added.
The underlying loans in this transaction leverage the Provenance Blockchain to enhance the efficiency and transparency of the underwriting process.
FIGRE 2025-HE3 represents Figure's fourth HELOC securitization in 2025, underscoring the company's continued momentum in the market.
Since the launch of Figure Connect in June 2024, investor participation has increased due to the platform's efficiency and yield advantages over traditional non-QM offerings. The recent joint venture with Sixth Street, committing over $2 billion in liquidity, further strengthens Figure's capacity to bridge traditional finance with innovative blockchain solutions. Figure continues to lead the market in blockchain-based securitizations with its end-to-end digital infrastructure driving faster execution and reduced costs, offering enhanced transparency for both issuers and investors.
About Figure Technology Solutions
Founded in 2018, Figure Technology Solutions ('Figure') is a blockchain–based technology platform built to enhance efficiency and transparency in financial services. Figure Connect is powered by the Provenance Blockchain, which onboards all of Figure's loans, and is the world's largest originator of Real World Assets. Its subsidiary, Figure Lending LLC, is the largest non-bank provider of home equity lines of credit; its software has been used to originate more than $15B of home equity. Figure's technology is embedded across a broad network of loan originators and capital markets buyers and is used directly as well by homeowners in all 50 states and Washington, DC. With Figure, homeowners can receive approval for a HELOC in as fast as five minutes and receive funding in as few as five days.
To date, Figure has embedded its HELOC in more than 150 partners, including Rate (formerly Guaranteed Rate), CrossCountry Mortgage, Movement Mortgage, Goodleap, and many other fintechs, depositories, and independent mortgage banks. For more information, visit https://figure.com or follow Figure on LinkedIn.
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3 days ago
- Yahoo
The Week In AI: Cheap House Robots and Pricey Manhattan Projects
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Boston Globe
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- Boston Globe
Brad Stevens said new Celtics owner Bill Chisholm still upbeat despite painful finish to season
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Business Insider
11-07-2025
- Business Insider
Figure AI founder Brett Adcock says there will soon be as many humanoid robots as humans
"The home is coming," Brett Adcock, the founder of robotics company Figure AI, says. "The home is like single-digit years away" from being a place where humanoid robots can do "useful work," he said this week on Around the Prompt, a tech podcast. That is, first and foremost, thanks to advances in hardware, which have become significantly more reliable in the past decade. "You can't get this done on like mediocre hardware," Adcock said. Neural networks, the computational models that mimic the networks in the brain, meanwhile, have evolved to make humanoids a near-term reality, he said. Adcock referenced an update the company released last week for its humanoid robot, Helix, allowing it to complete an hour of "uninterrupted logistics work." The robot managed packages on a conveyor belt. Adcock said the latest development shows that its neural nets are "approaching human speed and performance." Watch Helix's neural network do 60 minutes of uninterrupted logistics work Helix now incorporates touch and short-term memory and it's performance continuously improves over time — Figure (@Figure_robot) June 7, 2025 Investors, too, see promise in a future populated by humanoid robots. Figure, founded in 2022, has raised $2.34 billion, with $1.5 billion coming from its latest Series C round in February led by SaxeCap, 1802 Ventures, and Vegvisir Capital. The company is now valued at $2.6 billion, according to PitchBook. The company has also raised money from companies like Microsoft, OpenAI, Nvidia, and Amazon founder Jeff Bezos. But Adcock — who previously founded electric aircraft company Archer and AI talent marketplace Vettery — said he put in a bulk of the initial capital. In the last seven years, the "climate towards deep tech has really flipped," Adcock said. "There are fully dedicated funds for this. People realize now that probably some of these deep tech companies might be the biggest businesses in the world or starting to become the biggest business." Other major players in the humanoid robot space include Tesla, which has Optimus, a 5-foot-8 humanoid robot that can dance, clean, and take out the trash. The company is working to deploy its first fleet in its factories by the year's end. Boston Dynamics has Atlas, which can run, crawl, break dance, and do cartwheels. Agility Robotics has Digit, which Amazon once tested in its warehouses, though the e-commerce giant now uses its own set of in-house, non-humanoid robots designed by Amazon Robotics. Many of these humanoid machines move with fluidity, exhibiting a suite of motor skills that allow them to augment the human labor force. Figure says its mission is to "develop general-purpose humanoids that make a positive impact on humanity and create a better life for future generations," especially ones that can "eliminate the need for unsafe and undesirable jobs — ultimately allowing us to live happier, more purposeful lives." The company already has robots mingling with humans at its offices, asking employees if they want water or coffee, or simply patrolling the premises, he said. So, it's not hard to imagine a time when "you'll see as many humanoid robots as you see humans," he said. "It's literally going to feel like a sci-fi movie." The real draw, though, is that "the humanoid robots will be the ultimate deployment vector for AGI," he said. Humanoids aren't the only type of robots in development. In 2024, investors put $6.1 billion in VC dollars behind the general category of robotics, up 19% from 2023, according to PitchBook. That includes companies collecting data, building AI models for robots, and creating robotic fleet management software, PitchBook said. "There's a whole ecosystem that's been kickstarted in the last three years," Srini Ananth, managing director at Intel Capital, told PitchBook. Some experts in the field question whether the human form is really the best vehicle for machines. "My hypothesis is that the requirements of different tasks are so vast that having very few form or sticking with one form is energy inefficient," Fei-Fei Li, cofounder and CEO of World Labs, said on the No Priors podcast. "Just an extreme and trivial example, if we put robots underwater, they should not be the shape of humans. They better be in the shape of fish. Just think about energy efficiency. The same with flying."
