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Before today, Q2 was our strongest quarter yet. Q3 topped it.
It was a strong quarter both financially and strategically, with triple-digit adjusted net revenue growth and higher-than-ever adjusted EBITDA margins.
Highlights ↓
The Kiavi acquisition is accelerating our goal of bringing assets on-chain as part of Figure Connect and Prime, which $588 matched offers in Q3, up 50% QoQ.
In summary, resilience is Figure’s edge amidst market swings.
A successful evening was in the cards for our exclusive Poker Night, with @Blockworks and @FlowTraders!
Institutional leaders from teams in finance, digital assets, and capital markets joined us for some friendly competition and riveting conversation.
Enjoyed going on the Pomp Podcast. Figure is saving customers time and money in the housing space (by leveraging automation and blockchain), which became more topical last week as affordability has come into increased focus.
We started enhancing our customer onboarding and support with Forward Deployed Engineers earlier this year.
We've been delivered more technical integrations and unlocked more growth for customers by leveraging the increasingly low cost nature of software development. We've done everything from modifying compliance data to integrating a custom voice agent.
Full blogpost in comments
We are pleased to support the contribution of IBC to @lfdecentralized to establish a leading open standard for blockchain interoperability in finance.
Since 2021, IBC has facilitated $50B+ transaction volume across 200+ networks, supporting secure asset and data transfers between independent ledgers.
We welcome this step by @cosmos and 22 other organizations to build a more connected financial ecosystem.
https://t.co/zfnDMQPozE
Transfer agents still run on 1970s rules — they need your name and a physical mailing address.
For tokenized securities, a digital wallet address does the job better: more privacy, faster settlement, more engaged shareholder governance.
We filed a joint comment with Securitize, Bullish/Equiniti and Plume asking the SEC to modernize transfer agent rules. 🧵
@Securitize@bullish@equiniti@centrifuge@plumenetwork
Breakpoint will be bringing the entire Solana ecosystem to London, and the Figure team will be there for great conversations with builders, allocators, and institutions.
Join us at the RWA Pub with @kamino for an evening of drinks and connections – November 16th at 4PM.
$6T by KKR's math. Upwards of $20T by Apollo's.
That's the asset-based finance market, and Figure co-founder Mike Cagney says the whole thing belongs onchain:
"That whole market should run on blockchain. Like, bar none"
Today DeFi has "a couple of billion of stablecoin liquidity"
His take for credit funds: they'd "be crazy not to be looking at blockchain and DeFi as a way to beat my competitor set, because they're not there"
FT @mcagney@Figure@BitcoinJesusETH
1/ “Ultimately, people who are in their homes and are looking to save money and time are not saying ‘I want to tokenize my mortgage’, but they are seeing the value of that tokenization, the capital markets see the value, the real-time data, so there’s a lot of benefits to it.”
Figure CEO @MBTannenbaum joined @APompliano on The Pomp Podcast to talk about the power of lending onchain.
Metrics are the key for evaluators to decide whether or not to allocate in any of Prime’s pools.
Our Head of Product Marketing, Tayeb Kenzari, explains our Home Equity pool’s collateral amounts, credit score ratings, and LTVs.