Figure Technology Solutions announced that Synergy One Lending, a mortgage financing company, has become the first institutional client to fund through its Democratized Prime platform. This development addresses a rising demand among corporate treasury functions for high-yield cash management solutions.
Democratized Prime is Figure’s decentralized marketplace, designed to function as a short-term lending warehouse line for originators within the Figure ecosystem. The platform offers daily liquidity and transactions backed by real assets, scaled for large institutions. Synergy One Lending is currently utilizing Democratized Prime to generate yield on its corporate treasury by lending against Home Equity Line of Credit (HELOC) loans originated with Figure’s technology. The platform also provides institutions like Synergy One the flexibility to use Democratized Prime as a financing solution, enabling them to fund HELOCs they originate as balance sheet needs evolve.
For Synergy One, this strategic move aims to both activate idle treasury capital at yields higher than traditional options and secure competitive future funding for its mortgage operations. While many treasuries typically earn 3-4% on excess cash, Democratized Prime is reported to offer returns in the 9% range, without the perceived complexity or risk profile of alternative investments. Steve Majerus, CEO of Synergy One, stated, “It’s rare to find a product that supports both sides of our balance sheet. With Democratized Prime, we’re getting efficient funding and a strong return on capital, through assets we value and a process that’s incredibly straightforward.”
Michael Tannenbaum, CEO of Figure Technology Solutions, commented on the development: “Synergy One was one of the first companies to adopt Figure’s embedded HELOC model and to use Figure Connect. Their use of Democratized Prime augurs the growth of this new DeFi marketplace as Figure partners will similarly follow in Synergy One’s footsteps. Corporate treasurers are looking for smarter capital allocation options, and with Democratized Prime, we’re delivering liquidity, yield, and simplicity to institutions that have long been underserved.”
This announcement follows news of the planned merger between Figure Technology Solutions and Figure Markets, a move intended to advance global capital markets through blockchain technology. Figure recently introduced Democratized Prime for institutions seeking a transparent method to earn on their short-term capital. Investors access overcollateralized, short-duration claims linked to real assets, initially focusing on mortgage warehouse lines, within a structure built for daily settlement and clear reporting.
Figure Technology Solutions operates a blockchain-native capital marketplace that integrates origination, funding, and secondary market activities. Over 175 partners utilize its loan origination system and capital market functions, having originated more than $16 billion in home equity to date, among other products. The fastest-growing component is Democratized Prime, Figure’s on-chain lend-borrow marketplace. The company also oversees DART (Digital Asset Registry Technology) for asset custody and lien perfection, and YLDS, an SEC-registered yield-bearing stablecoin that functions as a tokenized Money Market Fund. Figure holds a position in real-world asset (RWA) tokenization, with a recent securitization receiving a AAA rating from S&P, noted as a first for blockchain finance.
