Core Insights - Figure Technology Solutions reported a decrease in Consumer Loan Marketplace Volume by 6% month-over-month (M/M) to $816 million in January 2026, but a significant increase of 115% year-over-year (Y/Y) compared to January 2025, which had a volume of $380 million [2] - The company has seen a 15% increase in $YLDS in Circulation, rising to $376 million from $328 million in December 2025 [2] - Matched Offers Balance increased by 23% M/M to $253 million, while Borrower Demand and Available Lender Supply also rose by 17% and 23% respectively, indicating a growing marketplace [2] Financial Performance Metrics - Consumer Loan Marketplace Volume is defined as the total U.S. dollar equivalent value of originations of HELOCs, DSCR, and personal loans, as well as third-party loans traded on Figure Connect, reflecting the company's scale and revenue potential [4] - $YLDS in Circulation represents the total U.S. dollar equivalent value of unsecured face-amount certificates backed by Figure Certificate Company, reported as an end-of-period outstanding balance [5] - Matched Offers and Borrower Demand are defined as the U.S. dollar equivalent value of offers matched between borrowers and lenders, and the value borrowers seek to borrow, respectively, both reported as end-of-period outstanding balances [6][7] Company Overview - Figure Technology Solutions is a blockchain-native capital marketplace that connects origination, funding, and secondary market activities, with over 200 partners and a total of more than $22 billion in home equity originated to date [11] - The company is recognized as a market leader in real-world asset tokenization, with its recent securitization receiving AAA ratings from S&P and Moody's, marking a significant achievement in blockchain finance [12]

Core Insights - Figure Technology Solutions plans to report its Fourth Quarter and Full Year 2025 results on February 26, 2026, after market close, followed by a conference call at 4:30 p.m. Eastern Time [1] Company Overview - Figure Technology Solutions, Inc. is a blockchain-native capital marketplace that connects origination, funding, and secondary market activity, with over 200 partners utilizing its loan origination system [3] - The company has originated over $21 billion in home equity financing, making it the largest non-bank provider in this sector [3] - Key components of Figure's ecosystem include Figure Connect, a consumer credit marketplace, and Democratized Prime, an on-chain lend-borrow marketplace [3] - Figure also utilizes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and offers $YLDS, an SEC-registered yield-bearing stablecoin [3] Market Position - Figure is recognized as the market leader in real-world asset (RWA) tokenization, with its recent securitization receiving a AAA rating from S&P and Moody's, marking a significant achievement in blockchain finance [4]

Core Viewpoint - Figure Technology Solutions has taken on the responsibility of executing community directives for the Provenance Blockchain Foundation, a decision supported by the community vote on January 14, 2026, to enhance the governance and sustainability of the Provenance Blockchain ecosystem [1][3]. Group 1: Company Overview - Figure Technology Solutions is a blockchain-native capital marketplace that connects origination, funding, and secondary market activities, with over $21 billion in home equity originated to date, making it the largest non-bank provider of home equity financing [8]. - The company utilizes the Provenance Blockchain for its digital asset ecosystem, which is the largest public blockchain in the real-world asset (RWA) space [2][10]. - Figure holds approximately 25% of the outstanding HASH tokens, which are integral to the Provenance Blockchain's utility [4]. Group 2: Governance and Community Engagement - The new structure aims to strengthen the governance clarity and long-term sustainability of the Provenance Blockchain while maintaining decentralized control through on-chain governance by HASH token holders [3][6]. - Figure will provide operational, technical, and administrative resources to support the Foundation's activities, including protocol development and ecosystem initiatives [6]. - The Foundation will continue to operate independently, with governance decisions subject to on-chain approval by HASH token holders, ensuring that Figure and the Foundation abstain from voting on governance matters related to HASH [6]. Group 3: Future Initiatives - Figure plans to strengthen the tokenomics of the HASH utility token to ensure adequate compensation for protocol validators and delegators, thereby enhancing the overall ecosystem [2][4]. - The company aims to drive third-party adoption of the Provenance ecosystem and expand RWA offerings, leveraging its resources to enhance market presence [3][4].

Core Viewpoint - Figure Technology Solutions reported strong preliminary operating data for December 2025 and Q4 2025, indicating significant growth in its consumer loan marketplace and other key metrics [1][2]. Group 1: Consumer Loan Marketplace Performance - In December 2025, the Consumer Loan Marketplace volume reached $869 million, a 2% increase from November 2025 and a 134% increase year-over-year from December 2024 [2]. - For Q4 2025, the Consumer Loan Marketplace volume totaled $2.705 billion, reflecting a 10% increase from Q3 2025 and a 131% increase year-over-year from Q4 2024 [2]. Group 2: Key Metrics Growth - The $YLDS in circulation rose to $328 million in December 2025, a 198% increase from November 2025 and a significant increase of 1,462% from Q3 2025 [2]. - Matched Offers balance in the Democratized Prime platform reached $206 million in December 2025, up 442% from November 2025 [2]. - Borrower Demand surged to $246 million in December 2025, a 435% increase from November 2025 [2]. - Available Lender Supply also increased to $213 million in December 2025, a 353% rise from November 2025 [2]. Group 3: Company Overview - Figure Technology Solutions is a blockchain-native capital marketplace that connects origination, funding, and secondary market activities, with over 200 partners and more than $21 billion in home equity originated to date [10][11]. - The company is recognized as a market leader in real-world asset tokenization, with its recent securitization receiving AAA ratings from S&P and Moody's, marking a significant milestone in blockchain finance [11].

Core Insights - Figure Technology Solutions reported strong financial results for Q3 2025, highlighting significant growth in net income and revenue, driven by its blockchain-native capital marketplace for tokenized assets [2][4][7]. Financial Performance - Net Revenue for Q3 2025 reached $156.4 million, a 55% increase year-over-year from $101.0 million in Q3 2024 [4][24]. - Net Income surged 227% year-over-year to $89.8 million, compared to $27.4 million in Q3 2024 [4][24]. - Adjusted EBITDA increased 75% year-over-year to $86.4 million, with an Adjusted EBITDA margin of 55.4%, up from 44.9% in Q3 2024 [4][24]. - Earnings per Share (EPS) for the quarter were $0.42 (basic) and $0.34 (diluted), reflecting increases of 367% and 278% respectively compared to the previous year [4][24]. Business Highlights - Consumer Loan Marketplace volume reached $2.5 billion in Q3 2025, marking a 70% increase from the prior year [7][8]. - Figure Connect volume accounted for 46% of the Consumer Loan Marketplace volume, with a total of $1.1 billion in the quarter [7][8]. - The company completed its initial public offering on September 12, 2025, raising net proceeds of $663 million from the issuance of 36 million shares [7][8]. Ecosystem and Partnerships - Figure's ecosystem includes 246 active partners, with the addition of a major loan servicer in the U.S. [11]. - The company launched new product categories, generating over $80 million in volume during Q3 2025, including Crypto Backed Loans and HELOC for Seniors [11]. - Figure's Democratized Prime platform now includes three classes of loans, with Synergy One as its first institutional client [11]. Market Position - Figure is recognized as a leader in the tokenization of real-world assets, with over $18 billion in loans originated to date [19][20]. - The company's recent securitization received a AAA rating from S&P and Moody's, marking a significant achievement in blockchain finance [20].

Core Insights - Datavault AI Inc. is experiencing strong global interest in Real World Assets (RWA) tokenization, which encompasses a wide range of assets valued in the multi-trillion dollar range [1][2] - The company is negotiating numerous contracts that could lead to significant revenue generation, with potential short-term revenue additions in the tens of millions and long-term potential reaching multiple billions [2][6] - Datavault AI has updated its revenue guidance, projecting 2025 revenues to exceed $30 million and 2026 revenues to be no less than $200 million, a substantial increase from $2.7 million in 2024 [7][6] Company Developments - Datavault AI is at the forefront of RWA tokenization, with over a dozen governments and corporations in various stages of negotiation, some nearing execution [6][2] - The company claims to hold dominant intellectual property rights in RWA tokenization, which it plans to enforce and monetize through licensing strategies [3][6] - The company’s technology suite includes the Data Vault Bank®, DataScore®, and DataValue®, which are designed to enhance data monetization and compliance across industries [8][9] Market Context - According to McKinsey & Company, generative AI is expected to contribute between $2.6 trillion and $4.4 trillion annually to key business applications, highlighting the significance of AI-driven automation in enterprise technology [4] - Datavault AI's platform is designed to leverage advancements in AI and Web 3.0 to facilitate secure and scalable data monetization, positioning the company to capitalize on the growing demand for data asset monetization [4][9]

Core Insights - Figure Technology Solutions is a leading blockchain-native capital marketplace focused on on-chain loan products and tokenized assets [1][3] - The company has originated over $18 billion in home equity financing, making it the largest non-bank provider in this sector [3] - Figure's ecosystem includes innovative components such as Figure Connect and Democratized Prime, along with DART for asset custody and $YLDS, a yield-bearing stablecoin [3][4] Company Participation - Michael Tannenbaum, CEO, and Macrina Kgil, CFO, will participate in a virtual fireside chat hosted by Goldman Sachs on October 23, 2025 [1] - The event will be accessible via a live webcast on Figure's Investor Relations page [2] Market Position - Figure is recognized as the market leader in real-world asset (RWA) tokenization, with its recent securitization receiving AAA ratings from S&P and Moody's [4]

Core Insights - HWAL Inc. has partnered with Momentum Media Fund (MMF) to create the world's first corporate Bitcoin reserves backed by its music catalog, marking a significant intersection of intellectual property and digital assets [1][3][4] - The initiative aims to tokenize HWAL's extensive music catalog, which includes over 27,000 recordings, to enhance liquidity and global access while ensuring compliance with SEC guidelines [11][14][17] Company Update - HWAL, formerly known as Hollywall Entertainment, is focusing on real-world asset tokenization and has engaged MMF to lead this innovative project [1][18] - The partnership has gained attention in major financial media outlets, indicating a broader trend in how companies are integrating digital assets into their treasury strategies [2][3] Market Context - Over 150 public companies have begun allocating portions of their treasuries to Bitcoin, recognizing it as a superior store of value amid economic volatility [8][9] - The music catalog market is experiencing significant growth, with 2025 deals indicating a strong demand for music rights, projected to reach $21.10 billion by 2033 [13][14] Strategic Implementation - MMF's strategy involves a multi-phase rollout, including auditing the catalog's IP rights, inscribing select assets as Bitcoin Ordinals, and structuring these as corporate reserves [11][12] - The initiative aims to create a new asset class by securitizing music catalog rights on the blockchain, providing institutional and retail investors with diversified exposure to music royalties [12][17] Financial Projections - Early projections suggest that tokenizing the catalog could lead to a 3-5x valuation uplift, with potential inflows exceeding $500 million within 18 months [17][18] - The fair market value of the catalog was assessed at approximately $146 million in 2021, with current estimates considering inflation bringing it to around $174.56 million [15][16]

Core Insights - RAAC has partnered with I-ON Digital Corp to make $200 million of tokenized gold available for investment, positioning RAAC among the top 15 RWA protocols in DeFi by total value locked (TVL) [1][2]. Company Overview - RAAC is a decentralized Real World Asset (RWA) lending and borrowing ecosystem that aims to modernize access to stable assets like gold and real estate, allowing users to borrow against their holdings at competitive rates [6]. - I-ON Digital Corp specializes in transforming real-world assets, particularly gold, into blockchain-secured financial instruments, with its flagship asset ION.au backed by verified gold reserves [7]. Investment Opportunities - The partnership will introduce pmUSD, a stablecoin partially collateralized by ION.au, and will offer structured yield opportunities across tokenized assets, including gold and real estate [2][3]. - RAAC will provide mechanisms such as auto-compounding DeFi vaults and gold-backed lending markets to enhance investment strategies [3]. Strategic Alliances - RAAC is backed by Chainlink proof-of-reserves and attested by Instruxi, ensuring trustless validation for institutional partners [4]. - I-ON Digital will invest up to $1 million in RAAC as a founding partner of the newly formed RWA Federation, which will guide the development of RAAC's ecosystem [5]. Market Position - The announcement follows the successful launch of RAAC's genesis NFT collection, which was minted in under 10 seconds and has attracted a community holding over $30 million in on-chain capital [5].

Core Insights - WORK Medical Technology Group Ltd. is exploring real-world asset (RWA) tokenization and blockchain technology through a partnership with the Hong Kong Web3.0 Standardization Association, aiming to leverage its existing product infrastructure and AI business [3][4][11] - The company has outlined three main areas for collaboration: tokenization of high-quality assets, equity investments, and development of RWA technology [6][7][9] Company Strategy - The partnership aligns with WORK Medical's "Healthcare + Payment + Technology = RWA + Web3 + AI" strategy, which aims to integrate various sectors for growth [4] - The company plans to collaborate with qualified firms in the financial sector to ensure compliance in its asset tokenization efforts [4] Market Potential - Tokenized RWAs are projected to exceed $50 billion by the end of the year, with U.S. treasuries expected to dominate this market, contributing over $28 billion [5] Collaboration Areas - The first area of collaboration focuses on tokenizing high-quality assets owned or invested in by WORK Medical, potentially including receivables, investment products, and intellectual property [6] - The second area involves equity investments, which may include co-investments or participation in funds to accelerate RWA tokenization [7] - The third area is the development of RWA technology, utilizing the Hong Kong Web3.0 Association's RWA registration platform for regulatory compliance and asset security [9] Recent Developments - WORK Medical has also formed a partnership with Ruijin Hospital's Wuxi Branch to advance AI-driven healthcare solutions, integrating multimodal medical data [12][13] - The company's revenue from its mask business fell 69% to $1.6 million, while revenue from other medical devices increased by 18% to $9.4 million [16] - The company generated $400,000 from commodities trading and $15.7 million from financing activities in its latest fiscal year [17]