Figure Technology Solutions, the blockchain-native lender trading on Nasdaq under the ticker FIGR, has filed for its tenth home equity line of credit asset-backed securities deal of 2026. That filing pace puts the company ahead of most traditional banks in ABS issuance volume this year, a remarkable position for a firm that closed its first rated HELOC ABS deal just three years ago.
The numbers behind the filing spree
The latest transaction is being issued under the FIGRE Trust shelf, a structure Figure has used for its entire 2026-HE series of deals. The securities are backed by pools of prime and near-prime HELOCs originated on Figure’s platform.
This tenth deal of the year brings Figure’s total count of rated HELOC securitizations to at least 30. That is a staggering number for a company that started with a $149 million deal back in 2020.
SEC ABS-15G filings and preliminary assessments from rating agencies including S&P and Morningstar DBRS confirm the momentum. Both agencies have been involved in presale evaluations of the 2026-HE series transactions.
