As a step forward for the integration of real-world assets (RWA) in decentralized finance, Figure (Nasdaq: FIGR) officially introduced Shape Tattoo. The new service enables the conversion of blockchain native credits and other RWAs into uniform participation tokens. These tokens are designed for immediate use in Figure’s Democratized Prime DeFi marketplace built on Source block chain.
To ensure smooth trading from day one, Figure It supports a limited order book allocated with its own capital.
At the same time, new lending pools within Democratized Prime will unlock additional yield streams for Hastra, the DeFi protocol that powers the Prime yield token.
The announcement also highlights an important collaboration with fintech firm Agora Data, the first external partner to leverage Figure Forge. Figure will initially fund and maintain liquidity in the relevant tokens.
Returns from Agora’s auto loan portfolios will flow directly to Democratized Prime participants and will also be accessible through Hastra, offering users new ways to earn without leaving the ecosystem.
The real breakthrough lies in resolving a long-standing obstacle to RWA adoption. DeFi thrives on asset-based lending, where users provide collateral to borrow against it in an over-collateralized manner.
lenders Focus solely on liquidity, volatility and safe loan-to-value ratios rather than individual credit checks.
But traditional loans, especially auto loans, are far from uniform.
They vary based on borrower credit scores, loan-to-value levels, and size (the average is about $42,000).
When market conditions change and liquidation thresholds are exceeded, selling a fractional slice of a single large loan becomes nearly impossible. decentralized exchanges.
A liquid full credit market does not exist for most DeFi participants, leaving collateral stuck and inefficient.
Figure Forge handles this complexity with a powerful abstraction layer.
It pools comparable credits written under the same standards and issues an infinite number of divisible participation tokens.
Each token represents a proportionate claim on the cash flows of the entire pool.
Token holders reserve the right to redeem their shares for individual loans, fiat or credits. stablecoins whenever they choose.
The result is a fully fungible, liquid collateral that behaves like other DeFi assets while maintaining its underlying yield.
Liquidity remains critical, so Figure Forge pairs its tokenization engine with a limit order book that includes committed bids and offers.
This structure attracts both loan originators looking to offload assets when token prices rise and securitization firms willing to buy under value tokensuse them as loans and repackage them for traditional capital markets.
Figure’s roots in credit markets and blockchain give it a decisive advantage. Accurate, market-reflective pricing of incoming and outgoing loans prevents arbitrage leaks.
The company’s balance sheet provides the startup capital needed to accommodate the company’s scale. DeFi its existing securitization infrastructure allows it to profitably arbitrage price differences; It buys cheap tokens, uses them for loans, and sells them on wholesale markets.
When his own resources generate excess credits, Figure can feed them to the Forge and sell them tokens in premiums.
The Agora partnership serves as a live showcase for third-party assets.
Figure will run a dedicated auto loan Forge on Provenance, seeding liquidity and creating high-yield pools that fuel both Democratized Prime and Hastra.
Users will soon be able to hold these returns directly or benefit from them through Hastra’s ecosystem partners.
Figure plans to expand Forge capabilities to receivables, consumer lending, and small and medium-sized businesses loans.
Figure Forge is poised to accelerate the movement of traditional movement by providing homogenization and liquidity. credit expanding return opportunities for DeFi participants by transferring them to public blockchains and closing the gap between Wall Street and Wall Street network3.
