“Analysts cited Figure’s shift to a ‘capital-light’ model and stablecoin launch on the Provenance blockchain.”, — write: www.coindesk.com
The stock rose to as high as $46.46 and was recently up 10% at $44.45. It has gained 44% since its Nasdaq debut in September at a time when other crypto-linked firms that went public this year are trading below their offering prices. Crypto markets have remained soft in recent months, dragging down valuations across the sector.
According to Duquesne Capital’s latest 13F filing on Friday, founder Druckenmiller added over 2.1 million shares of Figure during the third quarter, a position now worth roughly $77 million and accounting for 1.9% of his portfolio.
Druckenmiller, a long-time hedge fund titan, is known for picking disruptive tech and macro trends early. His entry into Figure signals growing institutional interest in financial platforms that blend blockchain and AI to streamline consumer lending.
Analysts at Bank of America, Mizhou and Piper Sandler recently raised their price targets for the company, highlighting its shift to a “capital-light” lending model centered around home equity lines of credit (HELOCs).
In its third-quarter earnings report, Figure said it now expects its Figure Connect platform to drive 60% of loan volume, up from 46% the previous quarter.
Mizhou analyst Dan Dolev also pointed to the company’s new stablecoin strategy as a differentiator. Figure recently launched YLDS, a yield-bearing stablecoin on its Provenance blockchain, designed to address a potential outflow of capital from traditional banks into digital dollars.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
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The contracts will offer long-term crypto exposure without rollovers, tailored for institutions avoiding offshore risk.
- Cboe will introduce bitcoin and ether “continuous futures” on Dec. 15, offering US-regulated crypto derivatives that mimic perpetual futures.
- The contracts are cash-settled, feature 10-year expirations and use daily funding to track spot prices without requiring rollovers.
- Designed for institutional and advanced retail traders, the products aim to offer long-term crypto exposure within a CFTC-regulated framework.
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