In the second quarter of 2026, the blockchain lending platform Figure reported consumer loan operations totaling $4.26 billion, marking a year-over-year increase of 132% and a 47% rise from the previous quarter. This information was disclosed in the company’s latest financial report.

Source: Figure.

The figure surpassed the company's forecast of $3.8 to $4.1 billion. This metric includes loans issued through Figure’s infrastructure as well as loans from third-party organizations traded on Figure Connect. In June, the marketplace recorded $1.52 billion, which is 155% higher than the previous year.

Figure's net profit nearly tripled, increasing from $19.9 million to $58 million. However, other metrics within the ecosystem displayed less consistent trends.

The trading volume of the tokenized product YLDS decreased by 7% to $556 million during the quarter. Conversely, on Figure’s on-chain lending service Democratized Prime, the total transaction volume rose by 6% to $392 million. Borrower demand increased by 10% to $414 million, while the supply available from lenders grew by 15% to $522 million.

Bullish Sees 44% Drop in Digital Asset Sales

In contrast, the cryptocurrency exchange Bullish experienced a decline, reporting a net loss of $280 million in the second quarter, equivalent to $1.78 per share, compared to $108.3 million a year earlier. This outcome was influenced by fluctuations in the fair value of crypto assets on the company’s balance sheet.

Our second quarter 2026 results are now available on the Bullish Investor Relations website.

Key highlights:
◾Q2'2026 Digital asset sales of $32.6 billion and Net income (loss) of $(280.0) million
◾Q2'2026 Adjusted revenue of $92.6 million and Adjusted EBITDA of $29.5 million… pic.twitter.com/JU1BC35m4N

— Bullish (@Bullish) August 13, 2026

Despite this, adjusted revenue increased by 62% to $92.6 million, surpassing analysts’ consensus estimate of $87.4 million. Subscription and service revenue reached a record $62.7 million, up from $32.9 million the previous year.

However, the core exchange business faced a decline in activity, with digital asset sales falling by 44% year-over-year from $58.6 billion to $32.6 billion.

Bullish is seeking to diversify its revenue streams beyond cryptocurrency trading. In May, the company announced plans to acquire the transfer agent Equiniti for $4.2 billion. Following the completion of this deal, the exchange intends to integrate infrastructure for the issuance, listing, trading, and accounting of tokenized securities.

Gemini Reduces Quarterly Loss by 19%

The cryptocurrency exchange Gemini reported a net loss of $107.7 million for the second quarter, down from $133.2 million a year earlier, reflecting a 19% reduction. Revenue for the same period rose by 37%, from $33.3 million to $45.5 million.

The company attributed its improved performance to increased revenues from non-trading activities and cost reductions following a restructuring.

However, compared to the first quarter, there was no significant decrease in losses. From January to March, Gemini reported a loss of $109 million against total revenue of $50.3 million.

“We still have work to do as a company, but this quarter's results reflect our consistent efforts to reduce operational expenses while diversifying revenue,” stated CEO Tyler Winklevoss.

The credit card segment generated $16.2 million (+231%), while staking brought in $4 million (+50%). However, exchange revenue fell by 38% to $12.5 million as total trading volume dropped from $11.3 billion a year prior to $3.8 billion.

The quarterly revenue from Gemini's prediction market was $500,000, slightly above the $400,000 reported after its launch in December. The number of contracts traded increased by 93% compared to the first quarter.

Securitize Shares Drop 27% After Earnings Report

The RWA platform Securitize reported a net loss of $21.7 million, compared to $6.1 million the previous year. Revenue decreased by 5%, from $15.3 million to $14.4 million.

This result fell short of Wall Street's consensus estimate of $20.6 million. Following the trading session on August 13, the company’s shares plummeted by over 27% to $5.7.

Source: Yahoo Finance.

Revenue from tokenization amounted to $7.8 million, down 12% from $8.9 million in Q2 2025. Meanwhile, the average volume of tokenized assets under management reached a record $4.3 billion, reflecting a 16% year-over-year increase.

It’s worth noting that on August 11, the Tether-backed company Twenty One Capital reported a quarterly loss of $413.5 million.