Figure Heloc (ticker FIGR_HELOC) is a blockchain‑tokenized representation of home equity line of credit (HELOC) loans issued by Figure Markets, part of the broader Figure Technology Solutions ecosystem that uses blockchain infrastructure to originate, trade, and settle real‑world loan assets.

Rather than functioning like a typical cryptocurrency, FIGR_HELOC represents ownership or economic interest in a pool of tokenized HELOC loan assets—essentially converting traditional mortgage‑linked debt into a digital asset that can be traded and settled on blockchain‑enabled platforms. Because it’s tied to real‑world credit rather than speculative market demand, its value tends to trade around a dollar‑level peg and reflects the underlying performance of the loan portfolio.