FIGR Soars 13% Amid Optimism for On-Chain Stock Platform, Adding ₩2.7 Trillion in a Day

Figure Technology Solutions Inc. (NASDAQ: FIGR) closed at $73.93—up 13.81%—on strong buying interest, marking its highest level in recent trading.

Its market capitalization jumped by roughly $2.1 billion to about $13 billion, while trading volume exceeded 6.36 million shares.

Intraday, FIGR shares briefly climbed nearly 14% after Mizuho Securities raised its price target from $56 to $64 and highlighted the growing momentum of the company’s on-chain IPO network, OPEN.

A day earlier, Piper Sandler lifted its FIGR price target sharply from $55 to $75 and maintained an overweight rating, joining other research firms in driving the stock’s recent rally.

Headquartered in Reno, Nevada, Figure Technology Solutions is a blockchain-based fintech company operating a capital markets platform for home equity lines of credit (HELOC), consumer lending, and the tokenized trading of digital assets.

Since its 2018 founding, the firm has leveraged its proprietary Provenance blockchain and real-world asset tokenization technology to intermediary over $18 billion in loans, earning recognition as a leader in non-bank home equity lending and tokenized credit asset markets.