Figure
Case Study
How Figure optimizes the loan lifecycle and saves over 100 bps on
Provenance Blockchain
Implementation of traditional loans onchain has proven to be cheaper, faster, and more efficient from end to end-providing indisputable transparency while minimizing expenses.
0+
Basis Points Saved
$0B
Market Opportunity
0
Total Margin Improvement (bps)
0
First Implementation
The Challenge
In March 2020, Figure sponsored the first securitization (FLOC 2020-1) backed by loans originated, a, financed, and sold using Provenance Blockchain's blockchain technology.
High third-party service fees
Affects supply chain financing and transparency
Time-consuming processes
Manual checks and reconciliations extend the loan lifecycle
Lengthy settlement periods
Multiple waiting periods reduce capital efficiency
Elevated counterparty risk
Potentially increases capital requirements
End-to-end implementation
Entire loan lifecycle exists onchain
Immutable ledger
Ensures data integrity during transactions
Smart contract automation
Replaces manual verification
Real-time settlement
Enhances capital efficiency
The Solution
As of June 2025, Figure has added over 11B TVL on the Provenance Blockchain from home equity refinancing.
Improvements on Margins lead to
Breakthrough Achievements
With over 117 basis points saved per loan thanks to the transacting on the Provenance Blockchain, these small improvements add up to true business impact for all involved.
Collective benefit of blockchain across the loan lifecycle totaled 117 basis points, representing potential savings of over $163 billion to the $14 trillion annual securitization market.
Key Benefits
Lowered Third-Party Costs
Provenance Blockchain records transactions on its immutable ledger, reducing reliance on third-party service providers and expensive review services.
Reduced Operational Expense
Smart contracts replace manual verification procedures, reducing staffing costs, completion timelines, and reconciliation errors.
Freed Up Capital
Real-time, riskless trade settlement enables greater capital velocity, reduced counterparty risk, and higher return on equity.
Market Impact
Figure proved that Provenance Blockchain's technology can be implemented across a complex, end-to-end value chain, delivering meaningful gains in speed, cost, and efficiency.
$14 Trillion
Annual securitization market
$163 Billion
Potential industry savings
100+ bps
Average cost reduction
2020
First blockchain securitization
Contact Us
Interested in tokenizing or have a question? Send us a message and we'll get back to you shortly. You can send us a message by filling out the adjacent form or by emailing us at: partnerships@provenance.io