🧠 FIGR_HELOC | Tokenized credit on-chain: transparency gain or new trust layer?
Figure's protocol layer for institutional debt markets tokenizes assets such as HELOCs and private credit into composable on-chain formats, with Figure Markets handling secondary trading and decentralized custody. Supporters see standardized, tokenized debt and 24/7 settlement as a step toward more transparent, auditable credit markets. Critics note that tokenization moves the record on-chain but the underlying loan still depends on origination standards, custody arrangements and off-chain credit risk. The security model therefore rests on how those layers connect, not on the token alone.
Key takeaway: Tokenizing real-world credit shifts where trust sits: the on-chain record is only as reliable as the origination, custody and settlement layers behind it.
💬 Does on-chain settlement of tokenized credit mainly add transparency, or mainly relocate trust to new intermediaries?
Source: Official site https://www.figure.com
#FigureHeloc #Blockchain
Figure's protocol layer for institutional debt markets tokenizes assets such as HELOCs and private credit into composable on-chain formats, with Figure Markets handling secondary trading and decentralized custody. Supporters see standardized, tokenized debt and 24/7 settlement as a step toward more transparent, auditable credit markets. Critics note that tokenization moves the record on-chain but the underlying loan still depends on origination standards, custody arrangements and off-chain credit risk. The security model therefore rests on how those layers connect, not on the token alone.
Key takeaway: Tokenizing real-world credit shifts where trust sits: the on-chain record is only as reliable as the origination, custody and settlement layers behind it.
💬 Does on-chain settlement of tokenized credit mainly add transparency, or mainly relocate trust to new intermediaries?
Source: Official site https://www.figure.com
#FigureHeloc #Blockchain