figUSDC

figUSDC turns USDC into institutional-grade yield at a fixed 8% APY, sourced from US residential HELOCs underwritten to Figure Markets' unified credit standard. Figure is a NYSE-listed US fintech and the builder of the Provenance blockchain.

HELOCs are originated through Figure's 300+ partner network — super-prime borrowers, weighted FICO 754, secured by home equity — and funded by Figure's warehouse under a single unified credit standard. Non-performing loans are swapped out of the pool before holders are exposed to default risk; performing loans cycle through the warehouse with an average duration of ~42 days before exiting into senior securitization tranches that carry S&P AAA ratings. Figure applies the same credit standard to its institutional warehouse facilities at Goldman Sachs and Jefferies. Democratized Prime has had zero realized losses since launch.

How the 8% works: your USDC mints PRIME — the yield-bearing warehouse receipt token issued by Signum Ltd (BVI), operated by Hastra under the Democratized Prime program on Figure Markets. PRIME yields the underlying HELOC pool's blended rate, passed through directly to depositors. Instant liquidity via Democratized Prime's hourly auction mechanic — no DeFi lending markets, no oracle-driven liquidations. 8% fixed to LPs, unlevered.

Strategy

Fixed yield

Credit source

Figure Markets

Issuer

Signum (BVI)

Allocation snapshot is illustrative — live data loading.