SettleMint vs Figure / Provenance
Figure runs its own marketplace. DALP runs yours.
Figure Technology Solutions is the most operationally mature tokenization competitor in the market: $22B+ in home equity originated, $158M quarterly revenue, a public company (Nasdaq: FIGR), and FGRD as the world's first fully on-chain public equity. But Figure operates its own marketplace on Provenance Blockchain. DALP empowers regulated institutions to build and run their own digital asset programs across any EVM-compatible chain, with full data residency and operational control.
Feature Comparison
DALP vs Figure / Provenance: What's included
| Dimension | DALP | Figure / Provenance |
|---|---|---|
| Platform type | Enterprise B2B infrastructure platform for institutional digital asset issuance and lifecycle management | Vertically integrated capital marketplace: lending, ATS, stablecoin, and DeFi. Not a B2B white-label platform |
| Blockchain | EVM-native: Hyperledger Besu, Ethereum, and any EVM-compatible network | Provenance Blockchain (non-EVM, purpose-built). Figure controls primary validator/operator nodes |
| Asset templates | 7 out-of-the-box templates: bonds, deposits, stablecoins, equity, funds, real estate, precious metals | Equity (OPEN/FGRD), home equity loans, stablecoin ($YLDS). Narrow asset focus, not multi-asset infrastructure |
| Compliance enforcement | Ex-ante ERC-3643 enforcement: 12 compliance module types, OnchainID identity layer. Validates every transfer before execution | Regulatory compliance through JPM-grade internal processes, ATS, and SEC-registered stablecoin. Not a configurable compliance engine |
| White-label / B2B | Full white-label enterprise deployment. Institutions run their own tokenization programs on DALP infrastructure | Not a white-label B2B platform. Figure operates its own marketplace. Institutions cannot deploy on Figure's stack |
| Deployment model | Cloud, on-premises, hybrid, air-gapped via Kubernetes/Helm. Full data residency control | Figure operates the infrastructure. No self-hosted option. Client data on Figure-controlled systems |
| Settlement | Atomic DvP/XvP via HTLC hashlock. Both legs complete or both revert. Zero counterparty risk | ATS-based trading settlement. Figure operates the exchange. Settlement finality tied to Figure's infrastructure |
| Observability | VictoriaMetrics, Loki, Tempo, 21 pre-built Grafana dashboards, automated alerting | Not publicly documented for enterprise clients. Figure's observability is internal |
| Developer tooling | 298 CLI commands, REST API, webhook event system, workflow engine | Limited public developer documentation. Provenance Blockchain has developer tools but Figure's platform is not developer-first B2B |
| Geographic focus | Global. Jurisdictional templates for MiCA, MAS, FCA, JFSA, Reg D/S/CF | Primarily U.S.-centric. Provenance lock-in limits cross-border flexibility |
Why Choose DALP
3 Reasons Regulated Institutions Choose DALP Over Figure
Figure's scale is real. The distinction is architecture: Figure is a marketplace operator; DALP is the infrastructure for institutions that want to run their own.
Figure operates the marketplace, the blockchain, the ATS, and the stablecoin. Institutions using Figure depend on Figure's continued operation and infrastructure decisions. DALP deploys in your environment: on-premises, air-gapped, or cloud, with full data residency.
Figure specializes in U.S. lending and equities on Provenance (non-EVM). DALP covers 7 asset classes across any EVM-compatible network with jurisdictional compliance templates for MiCA, MAS, FCA, JFSA, and U.S. regulations.
DALP provides the full operational layer: coupon payments, redemptions, corporate actions, incident management, 21 Grafana dashboards, VictoriaMetrics, Loki, Tempo, and 298 CLI commands for operational control. Figure's internal infrastructure is not accessible to institutional clients.
Key Differentiators
What DALP adds beyond a marketplace model
7 asset templates covering bonds, deposits, stablecoins, equity, funds, real estate, and precious metals
298 CLI commands for full operational control via scripting and CI/CD pipelines
21 pre-built Grafana dashboards: blockchain health, API performance, compliance activity, and operational metrics
12 compliance module types at the application layer: eligibility, transfer restrictions, issuance controls, time-based rules
Atomic DvP/XvP settlement with HTLC hashlock: both asset and cash legs complete together or both revert
On-premises, air-gapped, and hybrid deployment via Kubernetes and Helm with full data residency
Frequently Asked Questions
Figure Technology Solutions operates its own capital marketplace on Provenance Blockchain, including an ATS, stablecoin ($YLDS), and the OPEN network for on-chain equities. DALP is enterprise B2B infrastructure that regulated institutions deploy to run their own digital asset programs. Figure is a marketplace operator; DALP is the platform you deploy.
No. DALP is EVM-native and supports Hyperledger Besu, Ethereum, and EVM-compatible networks. Provenance Blockchain is non-EVM. The two platforms serve different deployment models and target different buyers.
Yes. DALP supports on-premises, cloud, hybrid, and air-gapped deployment via Kubernetes and Helm charts with Velero backup and disaster recovery. Figure operates proprietary infrastructure with no self-hosted option for clients.
Yes. DALP provides 7 out-of-the-box asset templates: bonds, deposits, stablecoins, equity, funds, real estate, and precious metals. Figure's primary focus is U.S. home equity lending and the OPEN network for public equities.
DALP includes 298 CLI commands, 21 pre-built Grafana dashboards, VictoriaMetrics for metrics, Loki for logs, Tempo for traces, automated alerting, incident management, and portfolio reconciliation. These are accessible to the institution operating DALP.