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Figure vs Unchained

How Figure vs Unchained compare on our ratings, earn platform specs, funding, pros and cons.

Figure4.1/5
VS
Unchained3.7/5
Feature
FigureVisit
UnchainedVisit
Ratings
Our score4.1/53.7/5
User ratingNo reviews yetNo reviews yet
Rates4.02.0
Security4.54.5
Transparency4.54.5
Flexibility3.02.5
Support4.04.0
Specs
KYC required Yes Yes
ProductsSavings / earn, Crypto-backed loansCrypto-backed loans
Highest advertised APY9%Not disclosed
Max loan-to-value50%Not disclosed
Loan APR from10%Not disclosed
Supported assets31
Available inUnited StatesUnited States
Licenses & registrationsNot disclosedNMLS ID 1900773, NMLS ID 2656661, NMLS ID 2423070, California Financing Law License
Fixed terms Yes Yes
Auto-compoundingNot disclosed No
Company
Founded20182016
Headquarters—United States
InvestorsNot disclosedValor Equity Partners, NYDIG, Stone Ridge Holdings Group
Strengths and weaknesses
Pros
  • Fixed 8.91% interest rate at 50% LTV for crypto loans
  • Over $30B in total loan origination volume
  • Underwriting for HELOC lines up to $750,000 approved in minutes
  • Yields up to 9% through Democratized Prime lending
  • Collateral is never rehypothecated and can be audited on-chain at any time
  • Borrowers retain one of three multisig keys on every loan
  • Completed SOC 1 and SOC 2 audits in 2025
  • Holds established US state lending licenses and NMLS registrations
Cons
  • Mortgage and HELOC products are unavailable in New York State
  • Digital asset collateral is restricted to BTC, ETH, and SOL
  • Yield products carry counterparty exposure to borrower default and margin positions
  • Mandatory KYC identity checks for all credit products
  • High minimum loan amount of $150,000 restricts smaller borrowers
  • Loan interest rates are 14% to 16.21% APR
  • Supports only Bitcoin, excluding all other crypto assets
  • Requires complete identity verification and serves primarily US residents
Best forHolders borrowing against BTC, ETH, or SOL, US homeowners needing fast HELOC funding, Real estate investors using rental incomeUS long-term Bitcoin holders, Corporate treasuries borrowing against Bitcoin, Investors seeking verified non-rehypothecated loans

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