Figure CEO on Using Blockchain's "Real Value" & IPO Process

Core Viewpoint - Figure, a stablecoin issuer, is making its public market debut on NASDAQ, highlighting its growth and profitability as key factors for this move [1][2][3] Company Overview - Figure utilizes blockchain technology to reduce costs and enhance value in capital markets, particularly in the mortgage process [3][5] - The company partners with over 170 brands to tokenize assets, including mortgage assets and loans, streamlining the process significantly [6][7] - A mortgage processed through Figure costs approximately $1,000 and takes about 5 days, compared to the industry average of $12,000 and 45 days [7] Market Opportunity - The total market opportunity for Figure is estimated at $185 billion, which is expected to attract retail investors [10] - The company aims to democratize access to capital markets through blockchain, promoting transparency and efficiency [12][13] Retail Investor Engagement - Figure has allocated a significant portion of its IPO to retail investors, recognizing their interest in blockchain and the company's growth potential [10][12] - The company encourages retail participation, emphasizing the benefits of its products, such as tokenized mortgages and DeFi marketplace offerings [13] Founding Story - Figure was founded by individuals with experience in consumer loan origination, identifying blockchain as a solution to improve asset liquidity in capital markets [17][18] - The company's rapid growth and profitability stem from its disruptive approach to integrating blockchain into traditional financial processes [18]