Figure

@AleaResearch 🔥

Figure is bringing RWAs onchain at a meaningful scale. It is now the largest non-bank HELOC provider in the US. Last month alone, Figure originated $1.4B in home equity loans, which is roughly 10% of the US market. In Q1, it posted $83M in net profit. The cost reduction part brought origination cost down from roughly $12,000 to $800, and cut approval times from the bank standard of about 45 days to 5 minutes. Listen to @alenka_on_x and @kaisakaisa_ dive into it with @aaronxkong, Director at DeFi at @Figure.

@0xyanshu We appreciate you, yanshu 💜

@Figure Your team is killing it, been watching it recently. Great work Rebuilding better, faster, more accessible and efficient capital markets

We’re building the connected system for capital markets – and it’s a complete upgrade from the incumbent model. Traditionally, capital markets are complex and fragmented. Lending, trading, custody, settlement, and reporting are siloed into separate systems. We’re building a better way. Our vision is a world in which asset creation, financing, and settlement can be completed on the same system, and it’s a vision we’re bringing to life by rebuilding capital markets from the ground-up. Origination, recording, tokenization, trading, and settlement all live within Figure’s infrastructure, resulting in higher efficiency, and lower costs. The old way relies on antiquated models. Now, capital markets need only one stack: the Figure stack.

@juotami @provenancefdn 😏

@Figure @provenancefdn Intern stop showing off 😌

Real economic activity from Figure loan origination and servicing are key drivers behind the growth of @provenancefdn.

@N30_cryptoo 🛠️

@Figure Era of rebuilding? @Figure

@Web3Alex_ 🤝

@Figure I agree we definitely need new and better models with improved capabilities

@humanbeingET @N30_cryptoo 🔥

@Figure @N30_cryptoo Go Figure!

@HastraFi 🥳

PRIME is now live on Orca 🐋 As Hastra expands into new asset classes, reliable liquidity infrastructure becomes the critical foundation. Orca is battle-tested with $500B in cumulative volume over 5 years on Solana. From PRIME today to the assets that follow, Orca will support our pairs as our primary DEX liquidity venue.

Informational content only. Contains forward-looking statements subject to risks and uncertainties; actual results may differ materially. Not investment, legal, tax, or financial advice. Past performance is not indicative of future results. Refer to SEC filings for additional information: sec.gov/Archives/edgar…

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@orca_so 🔥

PRIME is a liquid staking token (LST). Holders stake wYLDS, Hastra's yield-bearing stablecoin, and receive PRIME in return. The yield traces back to interest @Figure's Democratized Prime Home Equity lending pools. Institutional-grade credit, composable on Solana, now available on Orca. Read our full blog announcement here: blog.orca.so/real-yield-fro…

PRIME is now available on Orca. Issued by @HastraFi, this yield-bearing token is now composable on @solana. Learn about PRIME and where to explore PRIME liquidity ↓

@alenka_on_x @cryptoreine @Bybit_Official @SuperstateInc @Securitize Thanks for the shoutout Alenka 🔥

@cryptoreine @Bybit_Official Re: real stock ownership, is it only @SuperstateInc @Figure and @Securitize pushing this forward or am I missing someone?

Wrappers aren’t useless: 24/7, onchain, composable exposure represents utility but “exposure to the price” + “ownership of the equity” are not the same thing, & conflating them is perilous @Bybit_Official points out the difference in their FAQ

@RWAFoundation_ @FalconXGlobal @pactfinance @maplefinance @KAIO_xyz @Securitize @centrifuge @R25Official @MuDigitalHQ @razefinance @paretocredit @credilabs @MidasRWA @stokr_io @ValinorDigital @IsleFinance @YieldNestFi @FasanaraDigital @RialoHQ 👏

Tokenized Credit map 1. Private Credit @FalconXGlobal @pactfinance @maplefinance @KAIO_xyz @Securitize @centrifuge @R25Official @MuDigitalHQ @razefinance @paretocredit @credilabs @MidasRWA @stokr_io @ValinorDigital @IsleFinance @YieldNestFi @FasanaraDigital @RialoHQ @Figure @csigmafinance @goldfinch_fi @alpha_ledger @ClearpoolFin @KasuFinance @ZivoeProtocol @Tulpea_org @blackopal_fi @gaib_ai 2. Asset-Backed Credit @HastraFi @maplefinance @MidasRWA @NestCredit @SivoDefi @opentrade_io @rivool_finance @stabletweets @trystable @liqvid_xyz

@N30_cryptoo @provenancefdn 😎

@Figure @provenancefdn absolutely based

@Reef_Wossen 🙌

I’ve always been fascinated by systems and risk management, whether in science or finance. In this brief overview, I discuss four elements that help support the structure of Democratized Prime. Check it out!

@aaronxkong @alenka_on_x Awesome episode!

Bullish everything we are building at @Figure Thanks for the convo @alenka_on_x 🤝

@Mars_DeFi Awesome breakdown.

Tokenized stocks have grown into one of crypto’s fastest-expanding RWA sectors, reaching nearly $1.6B in market value as traditional equities increasingly move onchain. What began as simple stock wrappers is becoming a new liquidity layer connecting TradFi capital to DeFi. So where is the real value being created across this stack? — ● What are tokenized stocks? Tokenized stocks are blockchain-based assets that provide onchain exposure to traditional equities while enabling 24/7 trading and settlement. They place traditional equities on crypto rails, making them compatible with DeFi markets and onchain financial applications. • Fractional ownership and global accessibility • 24/7 trading and faster settlement • DeFi composability through lending and collateral • Transparent onchain transfers and ownership records In simple terms, they bridge traditional equity markets with blockchain-based financial networks. — ● Why Is This Narrative Gaining So Much Attention? Many still view tokenized stocks as a niche RWA category, but recent growth shows the market is moving beyond the experimental stage. • Market size grew from ~$30M in early 2025 to over $1.6B in 2026 • Monthly transfer volume has reached ~$4.36B • More than 370,000 users now hold tokenized equities This growth has turned tokenized equities into one of CT's fastest-growing narratives, even as adoption remains early. — ● The 4 Models Defining the Tokenized Equity Market Tokenized equities are not a single market. Four distinct models are emerging, each competing to define how equities move onchain. ● Model 1: DeFi-Native Tokenized Stocks The goal is to make stocks behave like crypto assets that can be traded, used as collateral, and integrated across DeFi. • @xStocksFi • @backyard_fi • @DinariGlobal ● Model 2: Institutional Exposure This model focuses on regulated infrastructure built for funds, institutions, and wealth managers. • @OndoFinance • @Securitize • @WisdomTreeFunds • @Figure • @centrifuge • @tZERO • @stokr_io ● Model 3: Native Onchain Equity Rather than wrapping existing shares, this model issues equity directly onchain, making ownership, governance, and capital formation blockchain-native. • @SuperstateInc • @MetaLeX_Labs • @aktionariat ● Model 4: Retail Brokerage Distribution The goal is to give retail users global access to equities through crypto-native distribution rails. • @RobinhoodApp • @Backpack • @krakenfx • @coinbase • @Gemini — ● The Hidden 5-Layer Risk Stack of Tokenized Equities Tokenized stocks improve accessibility and composability, but they also introduce risks that traditional stock ownership does not. • Traditional Stock Risk: The underlying company underperforms and the stock declines in value. • Issuer Risk: The entity issuing the tokenized stock fails or faces operational issues. • Custodian Risk: The underlying shares are held by third parties, creating counterparty risk. • Smart Contract Risk: Bugs, exploits, or protocol vulnerabilities can impact onchain assets. • Liquidity Risk: Many tokenized equities remain thinly traded, with only around 130 assets exceeding $1M in TVL. — ● @xStocksFi vs @OndoFinance vs @Backpack These are the three most important players in the tokenized equity market today, each serving a different role. ● @xStocksFi : The market leader in DeFi-native tokenized equities. • ~$1.7B in value • ~60% market share • Strong liquidity and DeFi integrations Investors gain price exposure to the stock, but not direct ownership of the underlying shares. ● @OndoFinance : The leading institutional player in tokenized equities. • ~$944M in value • 232 tokenized assets • Broad stock coverage and institutional distribution Key concerns remain around value accrual and nearly 50% of token supply still unlocking through 2029. ● @Backpack : The most differentiated model in the sector. • SEC-registered onchain equities • Voting rights and dividends • Transferable to traditional brokerages Unlike stock wrappers, Backpack is betting on native onchain equity ownership with real shareholder rights embedded into the asset. — Tokenized equities have already become a multi-billion dollar market, with @xStocksFi and @OndoFinance emerging as early leaders. The bigger opportunity may not be the stocks themselves, but the infrastructure capturing the liquidity, volume, and fees they bring onchain. Long term, the endgame is not tokenizing existing companies, but building the next generation of companies natively onchain from day one.

@YieldCompass @kamino @kaminointern @HastraFi Great breakdown!

We are now tracking Kamino Prime market on YieldCompass. With over $360M in assets supplied, Prime has become one of @kamino key lending markets, offering attractive USD-based APYs through lending & looping strategies. Everything you need to know about this market below. ↓

@SentoraHQ @Figure Prime vaults in @Morpho just crossed $100M. One of the best examples of RWAs in DeFi. Let's keep shipping.