HELOC

Figure HELOC Pass-Through Token

Value outstanding: $150M
0D change: -
Yield · 30-day trailing APY: 8.00%
NAV: 100.0000
Management fees: 1.00%
Minimum: $50K
Redemption: Quarterly
Launched: 01 May 2020

Depends onFigure

Field coverage 83%Primary-source or on-chain verified 0% of tracked metrics0/0 source documents analyst-verifiedLast reconciled 29 Aug 2026

Overview

What this product is

Tokenized HELOC pools originated by Figure Technologies.

Underlying asset: Home Equity Lines of Credit
Asset class: Private Credit
Product structure: SPV-Backed Security
Legal structure: US Reg D / 3(c)(7) Fund
Issuer jurisdiction: United States
Fund domicile: United States
Base currency: USD
Launched: 01 May 2020

Peer set

Comparable products

Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.


JAAA	6.85%	0.25%	$100K	$2.77B
syrupUSDC	11.50%	1.00%	$0	$752.3M
ARES-PC	9.00%	1.50%	$25K	$500M
syrupUSDT	12.80%	0.50%	$50K	$228.3M
HELOCthis product	8.00%	1.00%	$50K	$150M
B-PCOF	8.92%	1.60%	$100K	$140M
CTAC	9.12%	1.85%	$25K	$118M

Issuer

Who runs it

Figure Technologies

United States

Fintech leveraging Provenance blockchain.

Portfolio

Composition

HELOC Loans100.0%

Weighted average maturity

700 days

No on-chain history has been recorded for this product yet. Its value outstanding comes from issuer disclosure rather than a contract read.

AUM

$150M

Assets under management

No on-chain history recorded for this series yet.

Yield

8.00%

Yield history. 30-day trailing APY

No on-chain history recorded for this series yet.

NAV

100.0000

NAV per token

No on-chain history recorded for this series yet.

Movement

Recent daily movement

No on-chain history recorded for this product yet.

Holdings

Disclosure

Underlying portfolio

				Share
HELOC Loans	Private loans	-	100.0%

Exposure

What you actually own

Economic exposure is to home equity lines of credit. Weighted average maturity is 700 days, which sets how quickly the portfolio reprices as rates move.

Private loans: 100.0%

Redemption

Terms

Contractual terms

Redemption frequency: Quarterly
Dealing cut-off: 30 days prior
Settlement: T+5
Redemption fee: None
Secondary venues: None disclosed
Transfer restrictions: US Accredited Investors.

These are contractual terms from the offering documents. Observed settlement performance and any discretionary accommodation by the manager are explicitly out of scope.

Assessment

Liquidity profile

Primary redemption

Quarterly · T+5

Off-hours exit

Constrained to 30 days prior

Secondary market

No secondary venue: primary redemption is the only exit

Transferability

Allow-listed wallets only

Exit fee

No redemption fee

Relationship graph

Operational dependency network

Every firm and system this product relies on. Select any of them to open its profile.

Every counterparty and system this product depends on to function. Each card links to that entity's own profile: the question worth asking of each is what happens to your position if it stops working.

Open in Ecosystem Graph →

Issuance & legal

Who is legally on the hook for this product.

Issued byFigureUnited Statesderived Administered byFigureUnited Statesderived

Custody

Where the backing assets actually sit.

Custodied byFigureUnited Statesderived

Markets & settlement

Where it trades and how value moves between venues and chains.

Deployed onEthereumpublic l1 · 100% of supplyderived

Edges marked derived are inferred from a structured field on this product that carries its own source; they are not independent confirmation of it. Edges without that mark were sourced separately from a disclosure naming both parties.

Deployments

Registry

Networks and contracts

		Contract / asset id
EthereumPrimary	public l1		100.0%

Counterparties

Service providers

If any of these has a problem, this product is affected.

Custodian: Figure· United States
Administrator: Figure· United States
Transfer agent: Not disclosed
Tokenization platform: Figure· United States
Oracle / attestation: Not disclosed

Access

Classification

Who may hold this

RetailNot eligible

AccreditedEligible

ProfessionalNot eligible

InstitutionalEligible

Minimum investment: $50,000
Allow-list required: Yes
Transfer restrictions: US Accredited Investors.

Geography

Where it is available

United StatesAvailable

European UnionNot available

SingaporeNot available

United KingdomNot available

SwitzerlandNot available

Hong Kong SARNot available

United Arab EmiratesNot available

Explicit prohibitions

Availability is limited to the jurisdictions in the coverage boundary. Absence here means not covered, not necessarily prohibited. This is a classification of the offering documents, not legal advice.

Structure

Legal and regulatory

Legal structure: US Reg D / 3(c)(7) Fund
Product structure: SPV-Backed Security
Fund domicile: United States
Issuer jurisdiction: United States
Transfer agent: Not disclosed

The domicile of the fund and the jurisdiction of its manager are frequently different. Both are recorded separately because they drive different questions: tax and insolvency follow the domicile, supervision follows the manager.

Source documents

Offering documentation

The documents behind the figures on this page. Anything marked verified has been checked by an analyst.

On-chain activity

Daily value outstanding

Value outstanding as read from the token contracts each day, and the movement between readings. Mints and redemptions are not separable on-chain, so this is the net of both, not gross issuance.

No on-chain history recorded for this product yet.

Related intelligence

1 events reference this product

10 Nov 2026Capital

Ondo Finance Invests $25M in Figure Stablecoin - CoinMarketCap

Ondo Finance has deployed $25 million of capital into the Figure stablecoin, expanding its cross-asset liquidity positioning and integration with Figure's ecosystem.

This capital allocation deepens the interoperability between major RWA protocols and alternative stablecoin rails, potentially altering collateral composition and liquidity routing for tokenized short-duration products. For institutional allocators, it signals increasing cross-protocol reliance within the permissioned and semi-permissioned on-chain credit stack.