Figure Announces Strategic Partnership with Agora Data to Bring AI-Driven Auto Finance to Figure Connect Marketplace

Rhea-AI Summary

Figure (Nasdaq: FIGR) announced a strategic partnership with Agora Data on February 26, 2026 to bring AI-driven auto finance assets onto the Figure Connect Marketplace and into Democratized Prime.

The collaboration will tokenize Agora-originated auto loans on the Provenance Blockchain, enable Figure to provide DeFi-native warehouse funding, whole loan sales and securitization, and is expected to bring tens of millions of dollars of auto assets to the marketplace in the coming months.

Positive

• Entry into auto lending expands asset classes beyond housing
• Tens of millions of expected auto finance assets to Democratized Prime
• Blockchain tokenization on Provenance enables transparent loan registry

Negative

• No front-end origination control; Figure will not own the loan origination system
• Reliance on third-party origination places quality dependent on Agora’s underwriting

Market Reality Check

Price: $25.28 Vol: Volume 7,283,201 vs 20-da...

normal vol

$25.28 Last Close

Volume Volume 7,283,201 vs 20-day avg 5,036,981 (relative volume 1.45) shows elevated interest ahead of/around this news. normal

Technical Shares at 34.66 are trading below the 200-day MA at 43, despite the partnership-driven rebound.

Peers on Argus

No peers from the Loan Brokers sector appeared in the momentum scan, so FIGR’s 1...

No peers from the Loan Brokers sector appeared in the momentum scan, so FIGR’s 16.5% move looks company-specific to this AI/blockchain auto finance partnership.

Historical Context

5 past events · Latest: Feb 20 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 20	On-chain equity trades	Positive	-11.6%	First blockchain-native equity trades on Figure’s ATS via OPEN platform.
Feb 18	Stock offering priced	Negative	-3.8%	Pricing and upsizing of secondary offering of Series A Blockchain Common Stock.
Feb 18	Leveraged ETF launch	Neutral	-3.8%	Launch of 2x leveraged ETF providing single-stock exposure to FIGR.
Feb 13	Offering announced	Positive	+3.6%	Announcement of secondary offering and intention to repurchase Class A shares.
Feb 13	Prelim earnings	Positive	+3.6%	Preliminary Q4 and FY2025 results showing strong growth and profitability.

Pattern Detected

Recent structural/blockchain milestones sometimes saw selling, while capital markets activity and strong financial updates more often coincided with gains.

Recent Company History

Over recent months, FIGR focused on expanding its blockchain-based capital markets platform. On Feb 13, it reported strong preliminary Q4/FY2025 results and launched a secondary offering with a planned share repurchase, both followed by gains around 3.6%. Subsequent S-1 and prospectus activity supported its blockchain stock structure. However, the first tokenized equity trades on its ATS on Feb 20 saw the stock fall 11.57%, showing that positive blockchain milestones have not always been rewarded. Today’s Agora partnership extends this strategy into auto finance assets.

Market Pulse Summary

This announcement extends Figure’s blockchain-native capital markets platform into auto finance thro...

Analysis

This announcement extends Figure’s blockchain-native capital markets platform into auto finance through an AI-driven partnership with Agora Data. The deal routes externally originated auto loans into Figure’s Connect Marketplace and Democratized Prime, emphasizing tokenization, standardized underwriting, and on-chain liquidity. In the past six months, FIGR has paired strong FY2025 financial growth with multiple registration and capital markets steps, so investors may watch how quickly auto assets scale and how this complements its existing consumer credit volumes.

Key Terms

DeFi-native, securitization, tokenized, blockchain registry, +3 more

7 terms

DeFi-native technical

"Agora will access Democratized Prime’s DeFi-native warehouse liquidity through the Figure Connect Marketplace"

An entity described as "defi-native" is built primarily for and within decentralized finance platforms — meaning its products, users, and value move on public blockchain networks and smart contracts rather than through traditional banks or brokers. For investors this matters because such entities behave like businesses that live on a new plumbing system: they can offer faster, permissionless access and novel revenue models, but also carry unique risks (code bugs, token volatility, liquidity limits, and shifting rules) that affect returns and safety.

securitization financial

"efficient capital markets execution through whole loan sales and Figure’s market leading securitization program"

Securitization is when a bank or company takes a bunch of loans or assets, like mortgages or car loans, and bundles them together into a single package. They then sell pieces of this package to investors, who receive regular payments from the borrowers. This process helps the original lender get money quickly and spreads the risk among many investors.

tokenized technical

"Loan data is ingested into Figure’s system and tokenized on the Provenance Blockchain."

Tokenized means converting a real-world asset, like property, artwork, or stocks, into digital tokens stored on a computer network. This process makes it easier to buy, sell, or transfer small parts of the asset quickly and securely, much like dividing a property into many tiny pieces that can be traded individually. For investors, tokenization can increase access, liquidity, and flexibility in managing their investments.

blockchain registry technical

"a blockchain registry preventing double pledging, and access to both institutional and DeFi-native liquidity"

A blockchain registry is a digital ledger that records and secures entries—like ownership, certifications, or transaction records—using a distributed network so entries are hard to alter or erase. For investors this matters because it can increase trust and speed in verifying who owns an asset or whether a document is genuine; think of it as a tamper-resistant public notary that can reduce fraud, cut paperwork and lower costs, though its value depends on adoption and legal recognition.

warehouse liquidity financial

"access Democratized Prime’s DeFi-native warehouse liquidity through the Figure Connect Marketplace"

Warehouse liquidity describes how easily a company or lender can convert goods held in storage—or the short-term loans tied to those goods—into cash. Investors care because high warehouse liquidity means inventory or financing lines can quickly be turned into cash to pay bills, meet payroll, or seize opportunities; low warehouse liquidity can force sales at reduced prices or create funding shortfalls. Think of it as how fast and reliably a stocked garage can become cash in hand.

warehouse financing financial

"Figure delivers scalable warehouse financing and accelerated velocity through capital markets execution"

Warehouse financing is a short-term loan arrangement where a lender advances money against a company’s stock of goods or recently originated loans so the company can keep operating until those assets are sold or packaged for longer-term funding. Think of it like a temporary storage locker loan that frees up cash now by using inventory or loan pools as collateral. For investors, it matters because changes in warehouse financing can quickly affect a company’s cash flow, leverage and vulnerability to funding disruptions.

whole loan sales financial

"efficient capital markets execution through whole loan sales and Figure’s market leading securitization program"

A whole loan sale is when a lender sells an entire loan—such as a mortgage or business loan—to another investor instead of keeping it on its books or slicing it into securities. Think of it like selling a rental property outright rather than collecting monthly rent: the seller gets immediate cash and shifts the repayment and credit risk to the buyer. For investors, these sales affect a lender’s reported assets, liquidity and risk exposure, and can change expected future earnings and capital needs.

AI-generated analysis. Not financial advice.

Expansion into Auto Extends Democratized Prime to a Major New Asset Class and Brings Non Figure LOS Originated Loans into the Figure Connect Ecosystem

NEW YORK, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions (“Figure”) (Nasdaq: FIGR) today announced a strategic partnership with Agora Data, a leading AI-powered auto fintech platform, to bring auto finance assets onto the Figure Connect Marketplace and into Democratized Prime, Figure’s decentralized lending marketplace. This partnership marks Figure’s entry into auto lending, expanding our blockchain-native marketplace into one of the largest consumer credit asset classes beyond housing finance, while leveraging our existing infrastructure without the need for meaningful incremental platform build.

The partnership represents one of the most powerful evolutions of Figure’s model: the ability to bring externally originated assets onto its blockchain-powered capital markets rails.

“By pairing AI-driven origination with blockchain-native capital markets infrastructure, this partnership represents the future of auto finance, one that’s paved on-chain,” said Michael Tannenbaum, Figure CEO. “Our marketplace is becoming a true capital markets highway — capable of accepting assets from multiple on-ramps and delivering standardized, transparent liquidity at scale. As more assets flow on-chain, the marketplace becomes more powerful for originators and investors alike.”

Through the partnership, Figure expects to bring tens of millions of dollars in auto finance assets to Democratized Prime and Connect in the coming months, expanding distribution in a capital-light, scalable manner that leverages Figure’s blockchain-based capital market without building a new loan origination system.

How it works

Agora will access Democratized Prime’s DeFi-native warehouse liquidity through the Figure Connect Marketplace, alongside efficient capital markets execution through whole loan sales and Figure’s market leading securitization program.

Under the partnership:

• Agora continues originating auto loans through its existing systems and underwriting framework.
  
  
• Figure performs AI-enabled quality control to ensure compliance with underwriting guidelines.
  
  
• Loan data is ingested into Figure’s system and tokenized on the Provenance Blockchain.
  
  
• Once on-chain, the loans gain access to the full capabilities of the Figure Connect Marketplace, including Democratized Prime warehouse funding, DART, whole loan sales, and securitization.

By integrating with third-party originators like Agora, Figure expands asset supply without owning the front-end customer experience or powering the loan origination system. What matters is that the loan ultimately flows into a standardized marketplace with transparent underwriting, a blockchain registry preventing double pledging, and access to both institutional and DeFi-native liquidity.

“We’re impressed with the Figure marketplace’s ability to provide competitive financing — but in a blockchain-native, standardized, and capital-efficient structure,” said Steve Burke, Agora CEO. “With this partnership, we’ll maintain control of origination, servicing, and underwriting, while Figure delivers scalable warehouse financing and accelerated velocity through capital markets execution enabling Agora to accelerate growth and provide more capital to car dealerships.”

About Figure Technology Solutions

Figure Technology Solutions, Inc. (Nasdaq: FIGR) is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 250 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over $22 billion of home equity to date, among other products, making Figure’s ecosystem the largest non-bank provider of home equity financing. The fastest growing components are Figure Connect, its consumer credit marketplace, and Democratized Prime, Figure’s on-chain lend-borrow marketplace. Figure's ecosystem also includes DART (Digital Asset Registry Technology) for asset custody and lien perfection, and $YLDS, an SEC-registered yield-bearing stablecoin that is issued by a tokenized face-amount certificate company, which is a type of registered investment company.

Figure is the market leader in real world asset (RWA) tokenization and its most recent securitization received a AAA rating from S&P and Moody’s, the first of its kind for blockchain finance. For more information, visit https://figure.com or follow Figure on LinkedIn.

About Agora Data, Inc.

Agora Data, Inc. is a leading non-prime auto fintech innovator transforming access to capital across the automotive finance ecosystem. Through advanced AI-driven analytics, credit modeling, and capital markets expertise, Agora empowers loan originators to improve portfolio performance, unlock capital, and scale responsibly. Backed by deep automotive roots, Agora has delivered multiple industry firsts, including the industry’s first asset-pooled non-prime auto securitization in 2020, and continues to pioneer innovative structured finance and funding solutions for auto dealers, financial institutions, and investors through embedded finance products. Agora drives greater efficiency, transparency, and long-term performance in non-prime auto finance. For more information, visit www.agoradata.com or call 1-877-592-4672.

Contacts:
press@figure.com
media@agoradata.com

FAQ

What did Figure announce on February 26, 2026 about auto finance (FIGR)?

Figure announced a partnership with Agora Data to bring auto finance assets into Figure Connect and Democratized Prime. According to Figure, Agora-originated loans will be tokenized on the Provenance Blockchain and gain access to DeFi-native warehouse funding, whole loan sales, and securitization.

How much auto finance volume will Figure (FIGR) add from the Agora partnership?

Figure expects to bring tens of millions of dollars in auto finance assets to the marketplace in the coming months. According to Figure, this will expand distribution in a capital-light, scalable manner without building a new origination system.

How will Agora-originated auto loans be processed on Figure Connect (FIGR)?

Agora will originate loans using its systems while Figure performs AI-enabled quality control and tokenizes loan data on-chain. According to Figure, once on Provenance Blockchain, loans access Democratized Prime warehouse funding and securitization.

What does the partnership mean for Figure’s platform build and capital use (FIGR)?

Figure will expand into auto lending without meaningful incremental platform build and in a capital-light way. According to Figure, the model brings external assets on-chain while avoiding construction of a new loan origination system.

What controls will Agora retain after the FIGR partnership?

Agora will retain control of origination, servicing, and underwriting while using Figure for financing and market execution. According to Agora’s CEO, this lets Agora accelerate growth and provide more capital to car dealerships.