Figure Technology Solutions Announces Community Approved Update to Provenance Blockchain Foundation Structure

Rhea-AI Summary

Figure Technology Solutions (Nasdaq: FIGR) will execute community directives for the Provenance Blockchain Foundation after a community vote on January 14, 2026 approved Figure’s proposal. Figure will supply operational, technical, and administrative resources while the Foundation remains an independent entity with on-chain governance by HASH token holders.

The new structure includes a revised tokenomics model that introduces network fees, governance abstention on Foundation-controlled HASH, and Figure expects no material incremental operating expense. Figure holds roughly 25% of outstanding HASH.

Positive

• Community approved Figure proposal on January 14, 2026
• Revised tokenomics will introduce network fees
• Figure to provide operational and technical resources
• Figure expects no material incremental operating expense

Negative

• Figure holds roughly 25% of outstanding HASH, a concentration risk
• Tokenomics change may alter fee allocation and stakeholder economics

News Market Reaction

-4.25%

41 alerts

-4.25% News Effect

-9.2% Trough in 28 hr 22 min

-$651M Valuation Impact

$14.66B Market Cap

0.8x Rel. Volume

On the day this news was published, FIGR declined 4.25%, reflecting a moderate negative market reaction. Argus tracked a trough of -9.2% from its starting point during tracking. Our momentum scanner triggered 41 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $651M from the company's valuation, bringing the market cap to $14.66B at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

HASH ownership: roughly 25% of outstanding HASH tokens

1 metrics

HASH ownership roughly 25% of outstanding HASH tokens Figure’s share of Provenance Blockchain utility token

Market Reality Check

Price: $62.85 Vol: Volume 4,150,730 vs 20-da...

normal vol

$62.85 Last Close

Volume Volume 4,150,730 vs 20-day average 3,958,003 (relative volume 1.05). normal

Technical Price 71.78 trading above 200-day MA at 42.26, near 52-week high of 78.

Peers on Argus

No peers in the provided universe showed momentum flags; the -2.88% move appears...

No peers in the provided universe showed momentum flags; the -2.88% move appears stock-specific rather than sector-driven.

Historical Context

5 past events · Latest: Jan 14 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 14	OPEN launch	Positive	-0.8%	Launched OPEN to list and trade equities natively on Provenance.
Jan 12	Operating update	Positive	-10.1%	Reported strong Q4 and December 2025 volume and platform growth metrics.
Dec 10	Solana $YLDS expansion	Positive	-2.0%	Announced minting $YLDS on Solana and accepting SOL as loan collateral.
Dec 04	RWA consortium	Positive	+11.4%	Formed RWA consortium to expand on-chain loan access on Solana.
Nov 24	Strategic investment	Positive	+2.8%	Ondo invested in $YLDS to support OUSG and tokenized Treasury yield.

Pattern Detected

Recent positive blockchain and growth updates have produced mixed reactions, with more divergences than alignments between upbeat news and price moves.

Recent Company History

Over the past few months, Figure has repeatedly highlighted growth in its blockchain-based platforms and RWA initiatives. On Nov 24, 2025, a $YLDS investment announcement saw a 2.79% gain, while a Solana RWA consortium launch on Dec 4, 2025 coincided with a 11.39% rise. Subsequent Solana and OPEN network updates in Dec 2025 and Jan 2026 were followed by modest declines. Today’s governance and tokenomics-focused Provenance Blockchain update fits this pattern of strategically positive crypto/RWA news sometimes meeting muted or negative near-term reactions.

Market Pulse Summary

This announcement centers on Figure assuming execution responsibilities for the Provenance Blockchai...

Analysis

This announcement centers on Figure assuming execution responsibilities for the Provenance Blockchain Foundation while preserving on-chain governance by HASH holders. It emphasizes plans to revise the tokenomics model and introduce network fees, with Figure holding roughly 25% of HASH. In context of prior RWA and Solana-focused initiatives, this marks further integration with Provenance. Investors may watch how governance clarity, HASH utility, and ecosystem adoption metrics evolve alongside any changes in operating expenses or platform volumes.

Key Terms

tokenized real-world assets, tokenomics, utility token, validators, +3 more

7 terms

tokenized real-world assets technical

"on-chain private credit and tokenized real-world assets (RWAs)"

Tokenized real-world assets are physical or financial items — such as real estate, bonds, art, or commodities — represented by digital tokens on a secure online ledger, enabling ownership to be divided into small, tradable pieces. For investors this can mean easier buying and selling, lower minimum investments and faster settlement, but it also introduces technology, market and legal risks, so it's like turning a house into many tradeable shares with new rules and costs to consider.

tokenomics technical

"Figure will execute to strengthen the tokenomics of the Provenance Blockchain utility token"

Tokenomics is the set of rules and economic design behind a digital token — how many exist, how new ones are created or destroyed, who controls distribution, and what the token can be used for. Investors care because these factors shape scarcity, incentives and long-term demand much like a company’s business plan or a country’s money policy; a well-designed tokenomics model can support value, while poor design can lead to rapid loss of worth.

utility token technical

"the Provenance Blockchain utility token, HASH"

A utility token is a digital token issued for use within a specific online platform or service, functioning like a membership card or arcade token that grants access, discounts, or other features rather than representing ownership. Investors care because the token’s value is tied to how useful and popular the underlying platform becomes—higher usage can raise demand and price, while limited adoption or regulatory limits can reduce value and liquidity.

validators technical

"ensures protocol validators and delegators are sufficiently compensated"

Validators are people or organizations that check and confirm that information, transactions, or claims are accurate and meet required rules or standards. Their approval reduces risk and boosts trust in a company’s reports, deals, or product claims—much like an inspector signing off on a building—so their involvement can affect credibility, regulatory standing and, ultimately, investor confidence in the stock.

on-chain governance technical

"preserving decentralized control through on-chain governance by HASH token holders"

On-chain governance is a system where decisions about a blockchain project—like rule changes, funding, or updates—are made through votes recorded directly on the blockchain rather than behind closed doors. For investors, it matters because voting power can affect the protocol’s direction, risk profile, and value, much like shareholders voting changes at a company; the outcomes are transparent and automatic, so participation and token holdings can directly influence financial returns.

layer 1 technical

"open, public Layer 1 network would remain unchanged"

A layer 1 is the base blockchain network that records transactions, enforces the rules, and secures the system — think of it as the main highway on which all other traffic runs. It matters to investors because its performance, fees and security determine how useful and valuable applications and tokens built on top will be; improvements or problems at this foundational level can affect many projects and market value at once.

tokenomics model technical

"institute a revised tokenomics model that introduces network fees"

A tokenomics model is the set of rules that govern a digital token’s creation, distribution, use, and incentives within a blockchain project. It explains how many tokens exist, who gets them, how new tokens enter circulation, and what motivates people to hold, spend, or secure the network—like a city’s budget and laws that shape how its economy behaves. Investors care because these rules determine scarcity, long‑term value pressure, and the alignment of participants’ interests, all of which affect price and risk.

AI-generated analysis. Not financial advice.

NEW YORK, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions (“Figure”, Nasdaq: FIGR), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of on-chain private credit and tokenized real-world assets (RWAs), today announced that it will be taking on the responsibility of executing the community directives for the Provenance Blockchain Foundation. Figure proposed this change to the Provenance Blockchain community in late December, and on January 14, 2026, the community voted to support Figure’s proposal. Figure will be serving in this role at the will of the community.

Figure utilizes the Provenance Blockchain for its digital asset ecosystem of products, making the protocol the largest public blockchain in the RWA space. With the support from the community, Figure will execute to strengthen the tokenomics of the Provenance Blockchain utility token, HASH. Such strengthening ensures protocol validators and delegators are sufficiently compensated for their role in keeping the blockchain decentralized and participating in governance of the protocol. June Ou will continue as the Director of the Foundation, bolstered by Figure resources.

“The decentralized nature of Provenance Blockchain is core to our operating model,” said Michael Tannenbaum, Figure’s CEO. “With the community’s support, we are best positioned to augment the Foundation leadership team in not just supporting the existing protocol, but also driving incremental third party adoption of the Provenance ecosystem beyond Figure.”

The structure is intended to strengthen the long-term sustainability, governance clarity, and alignment of the Provenance Blockchain ecosystem as it enters its next phase of growth, while preserving decentralized control through on-chain governance by HASH token holders.

Under the new structure:

• Figure will provide operational, technical, and administrative resources to support the Foundation’s activities, including protocol development and ecosystem initiatives.
• Figure will work with the Foundation to institute a revised tokenomics model that introduces network fees to realize the value of using the Provenance Blockchain.
• The Foundation will continue to operate as an independent entity, with governance decisions subject to on-chain approval by HASH token holders.
• Figure and the Foundation will abstain from voting any Foundation controlled HASH in governance matters and Figure and Foundation HASH related to responsibility for the Foundation.
• The Foundation’s mandate to support the Provenance Blockchain as an open, public Layer 1 network would remain unchanged.
  
  

“Figure brings the necessary resources and support to make Provenance Blockchain a leading, public Layer 1 chain,” said Ou. “We’re excited to bring new Figure efforts to the market, continue cross chain integration and begin to drive meaningful third party RWA expansion.”

Figure does not expect to incur any material incremental operating expense impact from this proposal. Figure holds roughly 25% of the outstanding HASH tokens and expects the new structure to improve awareness and the utility of HASH and the Provenance Blockchain.

Forward Looking Statements Disclosure

This press release contains forward-looking statements, including statements regarding the proposed update to Figure Technology Solutions, Inc.’s (“Figure”) involvement in the organizational and operating structure of the Provenance Blockchain Foundation and related governance actions. These statements are not historical facts, but rather are based on Figure’s current expectations and projections regarding its business, operations, and other factors relating thereto. Words such as “may,” “will,” “would,” “should,” “expects,” “anticipates,” “plans,” “intends,” “believes,” “predicts,” and similar expressions are used to identify these forward-looking statements.

These statements are only predictions and are not guarantees of future performance and involve risks, uncertainties, and assumptions that are difficult to predict. Actual results may differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including, but not limited to, the outcome of applicable governance processes, regulatory developments, market conditions, and other risks described in Figure’s filings with the Securities and Exchange Commission (“SEC”), including its registration statement and periodic reports, which are available free of charge on the SEC’s website at www.sec.gov.

Figure undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.

About Figure Technology Solutions, Inc

Figure Technology Solutions, Inc. (Nasdaq: FIGR) is a blockchain-native capital marketplace that seamlessly connects origination, funding, and secondary market activity. More than 200 partners use its loan origination system and capital marketplace. Collectively, Figure and its partners have originated over $21 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 Provenance Blockchain Foundation

Provenance Blockchain is a public, open-source blockchain purpose-built for financial services. The network facilitates the origination, financing, and trading of financial assets with greater efficiency, transparency, and reduced costs. With over $21 billion in real-world assets onboarded, Provenance Blockchain powers a growing ecosystem of financial institutions, fintechs, and developers building the future of finance. The network is governed by the Provenance Blockchain Foundation and secured by a global network of validators. For more information, visit provenance.io or follow Provenance Blockchain on X.

News & Information Disclosure

Investors should note we may use our website (https://www.figure.com/), our investor relations website (https://investors.figure.com/), and the social media accounts of Figure, Figure Markets and/or Mike Cagney, our Co-Founder and Executive Chairman, as a means of disclosing information and for complying with our disclosure obligations under Regulation FD. These include X (@figure @mcagney, @figuremarkets), LinkedIn (https://www.linkedin.com/company/figuretechnologies/, https://www.linkedin.com/in/mikecagney/), Instagram (@figuretechnologies), Facebook (https://www.facebook.com/Figure/), and YouTube (@figuretechnologies). The information we post through these channels may be deemed material. Investors should monitor these channels in addition to reviewing our press releases, SEC filings, and public conference calls.

Media Contact:
figurepr@serotonin.co

FAQ

What did Figure announce about Provenance Blockchain on January 21, 2026 (FIGR)?

Figure will execute community directives for the Provenance Blockchain Foundation after a January 14, 2026 community vote.

How will the revised HASH tokenomics affect users and validators (FIGR)?

The tokenomics revision introduces network fees intended to realize protocol value and compensate validators and delegators.

Will Figure control HASH governance votes after the change (FIGR)?

The Foundation and Figure will abstain from voting any Foundation-controlled HASH in governance matters per the announcement.

How much HASH does Figure hold and why does that matter for FIGR investors?

Figure holds roughly 25% of outstanding HASH, which creates a concentrated holding that investors may view as a governance consideration.

Will Figure incur material operating expenses from running Foundation activities (FIGR)?

Figure expects no material incremental operating expense as a result of the new Foundation structure.