Figure Technology Solutions (NasdaqGS:FIGR) Fireside Chat Transcript

Summary of Figure Technology Solutions Fireside Chat Company Overview - Company: Figure Technology Solutions - Ticker: NasdaqGS:FIGR - Date of Call: October 23, 2025 Key Points Industry and Technology - Blockchain Utilization: Figure utilizes blockchain technology to create a single source of truth for asset ownership and transactions, addressing issues seen in traditional systems like Tricolor [2][6][7] - Loan Origination Process: Loans are originated through a proprietary system that registers them on the Provenance Blockchain, ensuring that all loan characteristics are stored securely and instantly [4][5] Core Technology Features - DART System: The Digital Asset Registry and Transfer (DART) system operates similarly to MERS but provides real-time updates directly from the blockchain, enhancing accuracy and reducing fraud risk [10][11] - Figure Portfolio Manager: This tool allows clients to view and manage their asset rights, ensuring that all transactions are reflected on the blockchain, thus eliminating discrepancies [8][16] - eVault: All loan documents are stored in an eVault, reducing the risk of errors associated with traditional document transfer methods [9] Operational Efficiency - Lien Perfection: DART's method of lien perfection eliminates the need for traditional title insurance by confirming clean titles upfront and tracking ownership through blockchain [23][24] - Stablecoin Integration: The introduction of Yields, a stablecoin backed by short-term treasuries, enhances transparency and operational efficiency in loan servicing and fund management [19][21][22] Market Position and Future Outlook - Market Leadership: Figure claims a leading position in real-world assets with over $18 billion in assets and $65 billion in transactions, indicating robust growth and market traction [26] - Interoperability Challenges: While acknowledging the proliferation of blockchains, Figure believes that public blockchains will prevail, and interoperability will improve over time through technological advancements [25][27][28] Risk Management - Collateral Verification: The technology allows for easier collateral verification and auditing, which has become increasingly important post-Tricolor incident [15][16] - Preventing Double Pledging: The blockchain's structure prevents double pledging of assets, enhancing security and trust in transactions [7][20] Conclusion - Figure Technology Solutions is positioned to disrupt traditional capital markets through its innovative use of blockchain technology, operational efficiencies, and a strong market presence, while addressing interoperability and risk management challenges in the evolving financial landscape [12][26][28]