Phyn

Everyone talks about RWA tokenization. Figure just solved the part nobody else could, making loans actually liquid and usable as DeFi collateral. Forge turns heterogeneous loans into fungible participation tokens, Figure seeds the liquidity, and the yield flows through to Democratized Prime and Hastra. New asset classes, new yield, real infrastructure.

@tandung9999 I'm with Figure now, but last I saw - Plume still has it's own things going!

@blockchainphyn Since you left, Team Plume has been working very poorly. I'm really sad.

Everyone talks about RWA tokenization. Figure just solved the part nobody else could, making loans actually liquid and usable as DeFi collateral. Forge turns heterogeneous loans into fungible participation tokens, Figure seeds the liquidity, and the yield flows through to Democratized Prime and Hastra. New asset classes, new yield, real infrastructure.

Figure has laid out our vision for tokenized equity and we’re executing on that vision as ⁦@_jeffjohnrobert⁩ notes. H/t @sebastianbea fortune.com/crypto/2026/03…

new asset details page + a special one for @Figure's huge RWA token HELOC > where? > only on Zonescan

The @solana RWA market is exploding 🔥 Total distributed asset value on the network has crossed $1.67B. One of the biggest drivers? Hastra. PRIME now represents ~19% of all RWAs on the network. Turns out real-world credit works pretty well when it’s built for DeFi.

Honestly, holding $FIGR in a legacy brokerage is just leaving money on the table. Moving to $FGRD on-chain lets you capture the lending yield that your broker usually pockets. It’s an easy upgrade for anyone wanting real control over their stocks.

This is the real alpha behind the $FGRD launch. 🏦 Brokers often lend out your shares and keep 100% of the interest. By moving to native on-chain equity via @Figure, YOU get to act as the prime broker. Lend your assets directly making your capital work for you. 🤝

Also - just a reminder - earnings are Thursday.

Why does it cost $11,000 to originate a HELOC? Most industry experts would point to regulatory and compliance hurdles. After all, it's one of the few departments in FIs that keeps growing. @mcagney and @Figure proved otherwise: 45 days → 5 days to issue a HELOC ~$11,000 → $730/loan $20B+ originated, #1 non-bank HELOC When I bring this up with smart skeptics, people who aren't crypto believers and don't want to be, it's usually the moment something clicks. Doesn't hurt that Figure is now a $8B public company. At Inversion, we ask this question constantly: why does it cost X to do Y? The answer we get from industry veterans is always some version of: this is how it's always been done. Or it's regulatory. Or it's compliance. A lot of what's been accepted as fixed costs of doing business are now variable or optional with crypto. Figure proves it. We see an immense opportunity beyond HELOCs. Invert, always invert. Full breakdown by @georgecalle_ and the @inversioncap team: inversioncap.com/insights/figur…

Figure continues to make history with FGRD! Proud to be part of a team that isn't talking about the future of capital markets, but actually BUILDING it! FGRD is now LIVE on OPEN! This isn’t a concept. It’s Blockchain Common Stock of Figure Technology Solutions, Inc., issued and operating inside a fully regulated, end-to-end tokenized stack. That's a lot to take in, so here’s a breakdown on what it means: 🔹First public equity issued natively on blockchain 🔹Fully compliant through Figure’s OPEN infrastructure 🔹Tradable and usable within a single integrated system 🔹A live reference model for issuers and institutions watching this space FGRD shows what happens when infrastructure, regulation, and product maturity converge. From RWA lending to yield-bearing securities to now blockchain-native common stock, the stack is no longer fragmented. It’s cohesive. Public equity is evolving in real time.

It's happened. @Figure HELOCs on @provenancefdn now have a larger market cap than DOGE on @coingecko. Mortgages beat out the dog meme - it's the year of RWA! Now I need the market to stop trading FIGR like it's BTC...

Let's Talk About How Stocks Work Today When you "buy a stock" through a broker like Robinhood, Fidelity, or whoever, you don't actually hold that stock. Here's what really happens: You place an order, your broker sends it to a market, the trade gets matched, then it takes 1–2 business days for the trade to actually settle (that's called T+1 or T+2), your shares sit with a central depository called the DTCC, not in your hands. You're basically trusting a chain of middlemen to keep track of what's yours. And here's the thing, while your shares sit there, you can't do much with them. You can't lend them out easily. You can't use them as collateral alongside your crypto. You just… watch the price. That's the system we've had for 50+ years. So What Is OPEN? OPEN stands for Onchain Public Equity Network. In plain Zeus terms: it's a new system where real public company stock can be issued, bought, sold, settled, and even used for lending, all on blockchain. What Can You Actually Do With OPEN? You Actually Own Your Shares With OPEN, you can self-custody your stock. That means you hold it, like holding crypto in your own wallet. No mandatory broker sitting between you and your shares. Instant Settlement Remember the 1–2 day wait? Gone. OPEN settles atomically at T+0. That means the moment a trade happens, it's done. No waiting. No clearing house. Just settled. Earn Yield on Your Stock Here's where it gets interesting. Right now, big Wall Street firms called prime brokers lend out shares behind the scenes and keep most of the profit. With OPEN, you can lend your shares directly through Figure's onchain lending marketplace. You keep the yield. The economics go back to the shareholder, that's you. Use Your Stock AND Crypto Together Normally, your stocks live in one world and your crypto lives in another. They can't talk to each other. OPEN changes that. For the first time, you can cross-collateralize, meaning use your stocks and your crypto togetheras collateral for a loan. No more siloed portfolios. Move Between OnChain and Traditional Markets Not ready to go full onchain? No problem. OPEN shares can convert back and forth between blockchain and traditional stock markets seamlessly. What Makes This Possible? @provenancefdn Blockchain. OPEN runs on Provenance Blockchain, a chain that was purpose-built for regulated financial assets. Provenance has already processed over $20 billion in private credit. It's used by real institutions, at real scale, right now. Think of Provenance as the foundation. OPEN is the building on top of it. And @Figure (the company behind all of this) is also stepping up to support the Provenance Foundation directly, ensuring the infrastructure stays strong, tokenomics improve, and validators are properly incentivized.  Figure holds 25% of the HASH token and is committing to burn up to 25% of that position (5% of total supply). Every major Figure product - HELOCs, YLDS, and OPEN runs on Provenance. It's the backbone. You can now own your shares. Settle instantly. Earn yield. Use stocks and crypto together. And move freely between onchain and traditional markets. To celebrate the launch, Figure is giving away $100,000 USD and matching up to $20 for the first 5,000 users who fund their accounts. Here's how to enter Go to - figure.com/open/opening-b… Register your Figure Markets account Fund your YLDS account Complete your investor profile

First block, first chance. We’re making history by taking public equity on-chain, natively and with T+0 settlement. Join in for our Opening Bell sweepstakes and you could win from our pool of $100K. 💰 Earn three entries in just three steps: 1️⃣ Register your Figure Markets account, or connect your Keplr Wallet. 2️⃣ Fund your account. 3️⃣ Complete your investor profile. Bonus: Be one of the first 5,000 users to fund your account and get up to $20 matched. Plus, if you’ve already entered our Democratized Prime sweepstakes, you will automatically get a free bonus entry if you fill out an investor profile!

Alright — picture this at the bar, we’re two drinks in, game’s on mute, and someone says: “So what’s this Figure / HASH / blockchain thing actually about?” You sigh. Take a sip. And explain it like a human. ⸻ This isn’t crypto-the-coin. This is credit. (And it’s huge) Credit is where the real money lives. Mortgages. HELOCs. Personal loans. Stuff that hangs around for years, not seconds. Settlement moves money from A to B and disappears. Credit creates money, then drags it through the system for decades collecting interest, fees, risk, paperwork, and headaches. That’s the difference. ⸻ Now here’s what Figure did… They said: “What if we stopped running the credit market on 1980s plumbing?” Instead of PDFs, phone calls, clearing delays, and seven middlemen who all take a cut… they put the loan itself on a blockchain. A boring, permissioned, compliance-first chain built for lenders. That chain is Provenance. And it’s beautiful. Think of it like the title office for loans. Who owns what. When it moved. What changed. All clean. All auditable. ⸻ Now the amendment. The S-1 amendment is paperwork that says: “Hey SEC, we’re not screwing around. We’re issuing equity the same way we issue loans—digitally, cleanly, legally.” So they create Blockchain Stock. You can hold it on-chain… or convert it into normal Class A stock and trade it like any other public equity. Same asset. Two worlds. No drama. ⸻ Now HASH. HASH is the thing running the bar. It secures the network. It prices usage. It governs the rules. No one’s advertising it because the customers aren’t retail. They’re lenders, servicers, institutions. That’s also why you can barely find it on exchanges. If it were everywhere and shilled nonstop, it’d be a red flag. ⸻ Why now? Because credit markets are bloated, slow, expensive, and under pressure. Margins are thinner. Rates moved. Capital efficiency suddenly matters. When things get tight, Wall Street doesn’t experiment—it upgrades. ⸻ So let’s tie it together: • The amendment = legal permission • The blockchain = new credit plumbing • Credit > settlement because it multiplies money • HASH = the silent engine underneath • Limited exchange access = feature, not bug Kinda like finding a Zoning discrepancy for Airbnb’s. The entire area excludes BNB’s but there is one street, or one building where they are allowed - low supply, high demand. Limited access = trust. This isn’t about price predictions. You know I don’t do that. It’s about plumbing and pattern recognition. It’s about who modernizes first. And it’s always credit. Finish your drink, or coffee. Now you see it.

This is what real on-chain finance looks like. Native public equities, continuous trading, DeFi-powered margin. 🔹Not tokenized stocks. 🔹Not legacy rails with crypto paint. 🔹Public equity, fully on-chain. 🔹OPEN is a glimpse of where capital markets are actually headed.

For those of you guys who don't know, this is a big deal. Public equity issued, traded, and financed natively on-chain, not tokenized wrappers, not DTCC mirrors. Figure continues to redefine what real capital markets look like on Provenance Blockchain.

Nature is healing. We're talking tokenization, neo finance, and quantum resistance. On today's show we'll have: 3:00p ET @bkiepuszewski - @l2beat 3:35p ET @mcagney - @Figure 4:00p ET @apruden08 - @projecteleven Watch now!

🚨 Governance Vote is Live $HASH holders can now vote on a proposal to approve a mandate for Figure to operate the Provenance Foundation day-to-day. Figure & Provenance will abstain from voting in this proposal. 📅 Voting: Jan 12 → Jan 14, 2026 🔗 Full details below ⬇️