Figure Partners with Credibly to Tokenize SMB Loans Backed by $124M Q1 Securitization
Figure will integrate Credibly’s SMB loans onto its Democratized Prime and Figure Connect blockchain rails, marking its second fintech borrower and broadening its SMB lending footprint. Credibly has originated over $3 billion in capital and completed a Q1 securitization of $124 million (expandable to $225 million), with the partnership starting Q2 2026.
1. Partnership Overview
Figure and Credibly have agreed to integrate Credibly’s small and medium-sized business loans and revenue-based financing products onto Figure’s Democratized Prime and Figure Connect blockchain platforms. This marks Figure’s second fintech borrower and underscores its expansion into the SMB lending ecosystem. The partnership takes effect in the second quarter of 2026.
2. Credibly’s SMB Portfolio
Credibly brings a portfolio of over $3.0 billion in originated working capital provided to more than 61,000 SMBs, including four KBRA-rated securitizations. Its most recent transaction was a Q1 2026 securitization of $124 million, expandable to $225 million. Credibly’s AI-powered underwriting complements Figure’s blockchain rails.
3. Platform Capabilities
Figure’s Democratized Prime platform offers a decentralized lending marketplace as a DeFi-native warehouse financing vehicle, enabling near-instant line of credit for SMB lenders. Figure Connect facilitates whole loan sales and securitization through tokenization, while DART provides a blockchain-native e-note and lien registry. Together, these infrastructures aim to enhance liquidity, scale, and transparency in SMB capital markets.