Summary of Figure Technology Solutions Conference Call Company Overview - **Company**: Figure Technology Solutions (NasdaqGS:FIGR) - **Industry**: Fintech and Blockchain Technology - **CEO**: Michael Tannenbaum, who took over in 2024 and led the company through its IPO in September 2025 Core Business Model - Figure is building a future capital market on blockchain technology, focusing on tokenized loans, particularly in the mortgage space - The company has developed a platform that allows partners to originate assets in five days for $1,000, compared to the industry average of 45 days and $12,000 [4][10] Financial Performance - Figure currently does about $1 billion in average monthly originations, with a total mortgage market of $2 trillion annually [7] - The company has achieved a robust adjusted EBITDA margin of 55% in Q3 2025 [61] Strategic Priorities 1. **Expansion in Mortgage Space**: Targeting the $35 trillion home equity market, with a focus on flexible HELOC products [10] 2. **Product Diversification**: Introducing debt service coverage ratio (DSCR) loans and residential transition loans [11] 3. **Blockchain Integration**: Utilizing a stablecoin (YLDS) for loan settlement and servicing, with growing volume in the marketplace [12] Market Position and Growth - Figure has added 78 originating partners in Q3 2025, more than in the entirety of the previous two years [16] - The company is positioned to capture a significant share of the mortgage market, especially in smaller balance mortgages [35] - The HELOC product is gaining traction as a preferred financing option for small businesses and home improvement projects [19] Competitive Advantages - Figure's integrated technology and capital market approach allow for lower origination costs and faster processing times, making it attractive to banks and credit unions [22][23] - The company emphasizes liquidity and has facilitated $20 billion in mortgage transactions, with $70 billion in transaction activity [13] Tokenization and Future Opportunities - Figure is exploring tokenized equities and has launched a non-dilutive secondary offering that trades on blockchain [52] - The company aims to standardize and tokenize various asset classes, enhancing control and democratization for asset owners [53] Conclusion - Figure Technology Solutions is positioned for significant growth in the fintech and blockchain space, with a focus on innovation, cost efficiency, and expanding its product offerings across various asset classes [64]

Core Viewpoint - The Thai Ministry of Commerce is collaborating with the Stock Exchange of Thailand (SET) to promote the digitalization of the capital market, aiming to reduce burdens and costs for businesses while enhancing the international competitiveness of Thailand's capital market [1] Group 1: Digitalization Initiatives - The Ministry of Commerce and SET held a meeting to address issues faced by businesses and the capital market under the ministry's regulatory framework [1] - Discussions focused on the comprehensive adoption of digital technologies to create a transparent and accessible investment environment [1] Group 2: Data Sharing and Efficiency - The meeting explored the possibility of integrating data submissions from listed companies to SET and the Department of Business Development, potentially replacing the current separate filing processes [1]