Figure Introduces Forge Service for Standardized Participation Tokens

Figure, a blockchain capital markets company, has introduced Figure Forge, a new service that allows for the creation of standardized Participation Tokens from blockchain-native loans and other Recourse-Backed Assets (RWAs).

This innovation is set to transform the DeFi landscape by providing users with more yield options. Initially, Figure Forge will be used in the Democratized Prime DeFi market operated on the Provenance blockchain fund.

Figure has partnered with Hastra protocol to enable additional yield opportunities for users. A limit order book funded by Figure will support liquidity and facilitate smooth trading.