The following guide is a sub-article of Achieving Color Precision.

Figma

Currently there doesn’t appear to be a viable way to turn off color management for the Figma desktop app. I suggest using the in-browser version of the app instead for color sensitive usage.

Left: Figma desktop (sRGB color profile) | Right: Figma in Firefox (sRGB)

You can try to set the color profile mode to Display P3, however this will instead slightly boost the saturation instead of displaying the colors accurately. This also affects how colors are exported, too.

Left: Figma in Firefox (sRGB) | Right: Figma desktop (Display P3 color profile)