FIGRIs Figure Heloc (FIGR_HELOC) a security?
#9 by market cap · Last updated Oct 19, 2026 (evidence re-checked)At a glance
Unclear- ConfidenceLowLowHigh
- US exchange accessNot on major US platforms
- Regulator (if enacted)SEC or CFTC (undecided)
- Evidence3 sources · 1 official
Is Figure Heloc (FIGR_HELOC) a security?
Unclear. A tokenized real-world credit asset (HELOC pool). No official classification found. Its economic profile resembles tokenized debt, so it may not fit the 'digital commodity' model.
There's no official US classification yet, so treatment could go either way. Watch for SEC or CFTC statements and exchange listing changes. Pro alerts flag these for you.
What should I do if my token is "unclear"? →
Why this status
- R5: a tokenized real-world credit asset (HELOC pool). No official classification found. Its economic profile resembles tokenized debt, so it may not fit the 'digital commodity' model.
Decentralisation ("mature blockchain" test): Issued and managed by Figure (issuer-controlled). Not a decentralised network token.
Evidence (3 sources)
1 official
- BackgroundThird-partyOct 19, 2026 · CoinDesk
Described as a tokenized real-world asset representing exposure to a pool of US home equity lines of credit (HELOCs) originated by Figure, recorded on the Provenance blockchain. It behaves like a tokenized debt instrument.
CoinDesk: What is Figure Heloc (FIGR_HELOC)? ↗ - Exchange listingThird-partyOct 19, 2026 · CoinGecko
CoinGecko reports FIGR_HELOC has stopped trading on all exchanges it lists.
CoinGecko: Figure Heloc ↗ - RegulatorOfficial sourceMar 23, 2026 · Federal Register (SEC & CFTC)
No SEC or CFTC statement about FIGR_HELOC specifically was found. The SEC's taxonomy includes 'digital securities' (tokenized securities), but it does not name this token.
SEC interpretation (with CFTC guidance): Application of the Federal Securities Laws to Certain Types of Crypto Assets, Release 33-11412 ↗
Rules by country
Unclear (ClarityCheck estimate, low confidence). The CLARITY Act is not law, so today the SEC's and CFTC's existing frameworks apply.
Under MiCA, trading in the EU runs through authorised crypto-asset service providers (CASPs). We haven't yet checked token-specific MiCA white paper filings for FIGR_HELOC. ESMA register ↗
The UK's new FCA cryptoasset regime starts on Oct 25, 2027. Firms can apply from Sept 30, 2026 until Feb 28, 2027. There's no token-by-token classification list; the rules apply to the firms that offer the token. FCA ↗
FIGR_HELOC questions
Is Figure Heloc (FIGR_HELOC) a security?
Unclear. A tokenized real-world credit asset (HELOC pool). No official classification found. Its economic profile resembles tokenized debt, so it may not fit the 'digital commodity' model. No court or regulator has classified it, so we don't guess. Not legal advice.
Can I buy FIGR_HELOC on US exchanges?
US access: Not on major US platforms. Availability can differ by state and by exchange. See our exchange safety checker.
What would the CLARITY Act change for FIGR_HELOC?
There's no official US classification yet, so treatment could go either way. Watch for SEC or CFTC statements and exchange listing changes. Pro alerts flag these for you.
How reliable is this FIGR_HELOC status?
Confidence is Low. It comes from fixed rules applied to 3 cited sources (checked Oct 19, 2026), not from opinion. Statuses can change as courts, regulators and Congress act.
Change log
2 entries
- Status reviewEvidence-based review: status set to 'Unclear' (Low confidence) using ClarityCheck rules. Replaces earlier illustrative demo data.
- No SEC or CFTC statement about FIGR_HELOC specifically was found. The SEC's taxonomy includes 'digital securities' (tokenized securities), but it does not name this token. Source ↗
Snapshot Oct 19, 2026 · Prices by CoinGecko