Figure Markets Exchange
Best for independently tracked protocol
How it rates
- Accounting methodology published
- $1,606m recorded independently
- No audit report linked in the public dataset at this check
- Single-chain deployment
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- Not metIndependent audit report linked publicly
No audit report linked in the public dataset at this check.
defillama.com/protocol/figure-markets-exchange - Not met
- MetTracked by an independent analytics platform
Listed with published value and history.
defillama.com/protocol/figure-markets-exchange - MetAccounting methodology published
Methodology published.
defillama.com/protocol/figure-markets-exchange - PartialApplication reachable at a public address
Published at a documented URL; automated retrieval blocked at this check.
www.figuremarkets.com/crypto-exchange/
- PartialApplication reachable without an account
Published at a documented URL; automated retrieval blocked at this check.
www.figuremarkets.com/crypto-exchange/ - MetProtocol economics published independently
Value and change history published.
defillama.com/protocol/figure-markets-exchange - Met
- Not metFee or reward model documented publicly
Not available at this check.
www.figuremarkets.com/crypto-exchange/ - PartialNo account required to reach the application
Published at a documented URL; automated retrieval blocked at this check.
www.figuremarkets.com/crypto-exchange/
- MetValue locked published independently
$1,606m at this check.
defillama.com/protocol/figure-markets-exchange - Met
- Not met
- Not metDeployed across more than one chain
1 chain(s) recorded.
defillama.com/protocol/figure-markets-exchange - PartialListed on the dataset for over a year
Listing date recorded.
defillama.com/protocol/figure-markets-exchange
- MetIndependent analytics page published
Public page with history.
defillama.com/protocol/figure-markets-exchange - Not met
- MetCategory and chains disclosed
Category OTC Marketplace, 1 chain(s).
defillama.com/protocol/figure-markets-exchange - Met
- Met
- PartialApplication reachable
Published at a documented URL; automated retrieval blocked at this check.
www.figuremarkets.com/crypto-exchange/ - Met
- Not met
- Met
- MetNo account required for the above
Confirmed at this check.
defillama.com/protocol/figure-markets-exchange
A regulated marketplace on a purpose-built blockchain holding $1.61bn, combining traditional securities structures with on-chain settlement.
Our assessment
Figure Markets holds $1.61bn on a purpose-built blockchain, operating a regulated marketplace that combines traditional securities structures with on-chain settlement. It sits at the boundary between two regulatory worlds.
Regulated marketplaces answer different questions
A venue operating under securities regulation provides investor protections, disclosure obligations and supervisory oversight that DeFi protocols do not. It also means permissioning, identity requirements and restricted transferability. Our rubric asks about open verifiability and finds less of it here, which reflects the model rather than a shortcoming in execution.
Purpose-built chains and their trade-offs
Running on a dedicated blockchain gives control over performance, privacy and compliance features that a public chain cannot easily provide. It also means a smaller validator set, less external scrutiny and fewer independent parties able to verify state. For a regulated venue, the supervision partly substitutes; for an outside reader, it does not.
Evidence position
No audit report was retrievable at a public address, and several transparency indicators returned little. For a regulated entity the disclosure exists in a different form — filings and reports — which our rubric does not credit and which readers should know to look for.
Who it suits
Figure Markets fits users wanting regulated on-chain securities exposure through a supervised venue. Users wanting permissionless, verifiable DeFi should look elsewhere in this comparison.
How rivals compare
Frequently asked
Does this score mean Figure Markets Exchange is safe?
No. It measures what an outsider can verify: linked audits, published methodology and independently recorded data. Contract and custody risk are not tested by us.
Where do these figures come from?
A public analytics dataset queried at the verification date, plus the audit reports it links. Anyone can re-run the query.
Why do some protocols score zero on audits?
Because no audit report is linked in the public record. It records what a user can reach, not a claim that no audit exists.