Figure Technology Solutions latest quarterly results showed Bernstein analysts how different it is from most balance sheet-based fintech lending platforms.
Bernstein analysts said Friday that Figure Technology Solutions’ first-quarter earnings report shows that the fintech is fast becoming a company that is unique among blockchain marketplaces.
Figure’s May 11 earnings report soundly beat Wall Street estimates on both revenue and EBITDA, with a business that seeks to turn real-world credit assets into blockchain-native instruments that can be traded, funded and financed more efficiently.
As Figures builds out a blockchain-native capital market ecosystem, the analysts expect the company will surprise investors with how it differs from balance sheet-based fintech lending platforms, seeing FIGR stock as a real-time reflection of blockchain loan volumes.
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