Mike Cagney, founder of Figure Technology Solutions (FIGR), stated that the company is driving the reconstruction of the underlying infrastructure of the traditional credit market through blockchain, bringing loans, real-world assets (RWAs), and even stocks onto the chain. The goal is to free credit flows from traditional intermediaries and become "the new infrastructure of Wall Street." Data shows that Figure's monthly loan disbursements exceeded $1 billion for the first time in March of this year, with total disbursements reaching $2.9 billion in the first quarter of 2026, an annualized scale of approximately $12 billion. Cagney pointed out that loan tokenization can significantly reduce securitization costs, decrease traditional intermediary fees, improve liquidity through a continuously updated credit market, and enable on-chain credit assets to directly access the DeFi ecosystem, expanding investor participation. Its Forge platform can package loans into standardized asset pools and convert them into tokens that can be used as collateral in DeFi protocols. Currently, Figure is advancing related business in the Solana ecosystem and plans to expand to Ethereum. In addition, the company has launched YLDS, a yield-generating stablecoin backed by traditional assets such as US Treasury bonds, with a scale of approximately $600 million, and is exploring stock tokenization and on-chain staking lending. Mike Cagney stated that blockchain will become one of the most transformative technologies and will redefine the structure of future financial markets. (CoinDesk)