Figure Counters Allegations of Blockchain Misrepresentation

Figure has responded to claims made by Morpheus Research, which suggested that Figure-related entities control over 65% of the HASH token on the Provenance Blockchain and that the company exaggerates its blockchain usage. According to NS3.AI, Figure clarified that funded loans, ownership transfers, and pledges are indeed recorded and executed on-chain. The company highlighted a 0.80% weighted-average delinquency rate across approximately $4.6 billion in securitized assets. Additionally, Figure reported executing over $1.15 billion in whole loan sales on its marketplace in March 2026.