Rookie Blockchain Lending Stock Surges to 1 Trillion Won Market Cap in Just One Day

Figure Technology Solutions Inc (ticker: FIGR) closed at $67.97 on the Nasdaq on the 27th, up 8.35%—about KRW 92,000—boosting its market capitalization by roughly $1.09 billion (around KRW 1.5 trillion) in a single day.

Its current market cap stands at approximately $11.97 billion (about KRW 16 trillion), and trading volume topped 2.66 million shares as short-term momentum attracted heavy demand.

On January 26, the company announced it will release its fourth-quarter and full-year 2025 results after market close on February 26, stoking expectations for strong upcoming performance.

Earlier in January, Figure reorganized its leadership to align with its post-IPO growth strategy, appointing Michael Tannenbaum as CEO.

Founded in 2018, Figure Technology Solutions is a non-bank fintech operating a blockchain-based capital markets platform that tokenizes consumer loans—such as mortgages and home equity loans—to connect them with capital-markets investors.

Since its Nasdaq listing in September 2025, the company has rapidly expanded its presence in the U.S. non-bank home equity finance market, branching into real-asset tokenization, on-chain loan markets, and yield-bearing stablecoins.