Exhibit 21.1

Subsidiaries of FT Intermediate, Inc.1

Subsidiary	Jurisdiction
Figure Lending Corporation	Delaware
DART Trademark LLC	Delaware
DART Collateral Manager LLC	Delaware
Figure Lending LLC	Delaware
Figure Loan Trust 2023	Delaware
Figure Asset Funding LLC	Delaware
Fig SSP Member, LLC	Delaware
Figure REPO Warehouse 1, LLC	Delaware
Figure Lending Borrower I, LLC	Delaware
Figure PL 1, LLC	Delaware
Figure Lending Borrower II, LLC	Delaware
Figure HELOC Master Depositor Trust	Delaware
Figure Line of Credit Trust 2020-1	Delaware
Fig Six Mortgage, LLC	Delaware
Figure Mortgage REPO Trust 1	Delaware
Fig Six Realty Investment, LLC	Delaware
Fig Six Investor LLC	Delaware
Fig Six Mortgage Sponsor LLC	Delaware
Fig Six Offshore Holdco, LLC	Delaware
FIGRE Trust 2023-HE1FIGRE Trust 2023-HE1	Delaware
FIGRE Trust 2023-HE2	Delaware
FIGRE Trust 2024-HE1	Delaware
FIGRE Trust 2024-HE3	Delaware
FIGRE Trust 2024-HE5	Delaware
FIGRE Trust 2024-HE6	Delaware
FIGRE Trust 2025-HE2	Delaware

1 Includes subsidiaries that do not fall under the definition of “significant subsidiary” as defined under Rule 1-02(w) of Regulation S-X.

FIGRE Trust 2025-HE3	Delaware
FIGRE Trust 2025-FL1	Delaware
FIGRE Trust 2023-HE1a2	Delaware
FIGRE Trust 2023-HE3	Delaware
FIGRE Trust 2024-HE2	Delaware
FIGRE Trust 2024-HE4	Delaware
FIGRE Trust 2024-SL1	Delaware
FIGRE Trust 2025-HE1	Delaware
FIGRE Trust 2025-PF1	Delaware
FIGRE Trust 2025-HE4	Delaware
FIGRE TrustFIGRE Trust 2025-HE5 2025-HE5	Delaware
Figure Markets Holdings Inc	Delaware
Figure Technologies LLC	Delaware
Figure Asset Management LLC	Delaware
Figure Certificate Corporation	Delaware
Figure Equity Solutions, Inc.	Delaware
Figure Payments of California Inc.	California
Figure Markets Inc.	Delaware
Figure Payments Corporation	Nevada
Figure Investment Advisors, LLC	Delaware
Fam GP Sub 1, LLC	Delaware
Fam GP Sub 2, LLC	Delaware
Figure Markets BVI GP Limited	British Virgin Islands
Figure Markets Credit LLC	Delaware
Figure Securities Inc.	Delaware
Figure Markets Futures LLC	Delaware
Figure Markets Middle East Holdings Limited	Dubai
Figure Markets Cayman Islands LTC	Dubai
Figure Markets Credit Cayman Islands LTC	Cayman Islands
Figure Markets Ireland Limited	Ireland

Figure Markets Exchange DMCC	Dubai
SOL Opportunity Fund LP	Delaware
Figure Markets Cayman GP Limited, Cayman Islands	Cayman Islands
Figure Reit, Inc.	Delaware
Fam GP 1, LLC	Delaware
Figure Markets Opportunity Investment LP, British Virgin Islands	British Virgin Islands
Figure Demo Prime 1, LLC	Delaware
Figure Financial, Inc.	Delaware
Figure Markets Asset Fund LP, Cayman Islands	Cayman Islands
Figure REIT, Trust 1	Delaware
Figure REIT Trust II	Delaware
Figure REIT TRS LLC	Delaware
Demo Prime 1 Trust	Delaware
Demo Prime DSCR Trust	Delaware
Demo Prime CBL Trust	Delaware
Demo Prime Auto Loan Trust	Delaware