Setpoint served as third-party review provider for FIGRE Trust 2026-EXP2, a $316.3 million securitization of home equity lines of credit sponsored by Figure Technology Solutions, a blockchain-native capital marketplace for the origination, funding, sale and trading of tokenized assets. The transaction closed Aug. 31, 2026. Morningstar DBRS rated the deal.
“Lending has been transformed at the point of origination, but much of the infrastructure behind it still operates the way it did decades ago,” Stuart Wall, co-founder and CEO of Setpoint, said. “Figure shows why that has to change. Technology gives us an opportunity to rebuild the back end of asset-backed finance for the speed and complexity of today’s market.”
