PANews May 3 news, according to CoinDesk, Figure Technology Solutions (FIGR) founder Mike Cagney stated that the company is reconstructing the infrastructure of the traditional credit market through blockchain, promoting real-world assets (RWA), lending, and even stock tokenization, creating "new plumbing for Wall Street." In March of this year, Figure first achieved a single-month loan issuance scale exceeding $1 billion, with a total issuance of $2.9 billion in the first quarter, translating to an annualized figure of about $12 billion.

Mike Cagney pointed out that Figure's core advantages are mainly reflected in three aspects: First, reducing securitization costs and minimizing intermediary processes through loan tokenization; second, establishing a consumer credit liquidity market that updates in real-time to enhance transaction efficiency; third, connecting credit assets to DeFi, allowing more investors to participate in allocation or collateralized lending. Its Forge platform can package loans into standardized vaults and convert them into tokens available for DeFi protocol collateral.

In addition, Figure has advanced related businesses on Solana and plans to expand into the Ethereum ecosystem, while launching a yield-bearing stablecoin YLDS supported by traditional assets like U.S. Treasury bonds, with a scale of about $600 million, and exploring stock tokenization. Mike Cagney stated that blockchain will redistribute more public market value than any technology before, and many traditional industries will thus be reshaped.

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