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BTC $73,615.08 -1.89%
ETH $2,018.06 -1.83%
BNB $641.05 -1.75%
XRP $1.32 -0.74%
SOL $82.48 -1.22%
TRX $0.3528 -4.51%
DOGE $0.1000 -1.79%
ADA $0.2354 -1.95%
BCH $302.61 -11.79%
LINK $9.02 -2.84%
HYPE $61.18 +1.95%
AAVE $81.44 -4.16%
SUI $0.9304 -5.29%
XLM $0.2069 +22.48%
ZEC $558.86 +1.35%

recon

Figure CEO: Blockchain will reconstruct Wall Street's "financial pipeline," and traditional intermediaries may be massively replaced

According to CoinDesk, Figure Technology Solutions CEO Mike Cagney stated that the company is trying to leverage blockchain to reconstruct the traditional credit market infrastructure and deeply integrate real-world assets (RWA), securitization, and DeFi.Data shows that Figure's loan issuance in March this year exceeded $1 billion for the first time in a single month, with a total lending volume of $2.9 billion in the first quarter, which annualizes to about $12 billion. Cagney stated that the company's goal is to reduce intermediaries in the securitization, lending, and stock lending markets through on-chain processes, lowering costs and enhancing liquidity.Currently, Figure has launched the yield-bearing stablecoin YLDS and has launched on-chain credit vault products on networks like Solana, allowing users to invest in tokenized credit assets or use them as collateral for borrowing. The company also plans to expand into the Ethereum ecosystem and explore stock tokenization and on-chain securities lending.Cagney believes that the true value of blockchain lies not in "putting everything on-chain," but in reconstructing the financial abstraction layer. "Financial assets such as loans, securities, and equity are naturally suited for on-chain processes, and the entire financial infrastructure may be rewritten as a result."

first_img HashKey RWA CEO Anna Liu: RWA is not an experiment but a reconstruction, with a global market size nearing 30 billion dollars

ChainCatcher live report, HashKey RWA CEO Anna Liu delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. She introduced that Hashkey Chain has deployed 11 tokenized products, with the total value of on-chain RWA assets reaching 2 billion Hong Kong dollars. The exchange has launched seven tokenized products, including Hong Kong's first tokenized gold ETF.She addressed the four major challenges of RWA: first, the authenticity of underlying assets; blockchain cannot guarantee the authenticity of data before it is on-chain, and the oracle problem is a core issue; second, the lack of a commercial closed loop; many projects go on-chain just for the sake of going on-chain, and new value must be created that traditional methods cannot achieve; third, the liquidity dilemma; even compliant STO exchanges in the U.S. often have daily trading volumes of only a few tens of thousands of dollars, requiring high-quality assets, licensed distribution channels, and secondary market infrastructure to be in place simultaneously; fourth, the complexity of cross-border compliance, suggesting that resource planning should be included from day one.She proposed that asset tokenization should first ask three questions: Can it be done? Is it suitable? Why tokenize? She cited data indicating that in the first quarter of this year, the global tokenized RWA market size has approached 30 billion dollars, growing over 260% in the past year, with the IMF characterizing it this month as "a fundamental restructuring of the financial architecture."

Polymarket officially announces a major upgrade, reconstructing the matching engine and launching a native stablecoin

The on-chain prediction market platform Polymarket announced that it will conduct "the largest infrastructure upgrade since its launch" in the next 2-3 weeks, including a complete reconstruction of the trading engine and the launch of the native stablecoin Polymarket USD.This upgrade will introduce a brand new CTF Exchange V2 smart contract system, optimizing matching logic and order structure, improving matching efficiency, and reducing gas costs. At the same time, the platform will upgrade the Central Limit Order Book (CLOB), adopting a hybrid model of off-chain order matching + on-chain settlement.At the asset level, Polymarket will launch the native stablecoin Polymarket USD, pegged 1:1 to USDC, to replace the previous cross-chain version USDC.e on Polygon, enhancing asset security and consistency. In addition, the platform will support the EIP-1271 standard, allowing multi-signature wallets (such as Safe) to participate directly in trading, further expanding use cases for institutions and advanced users.Polymarket stated that the existing order book will be cleared during the upgrade, and the specific maintenance time will be announced one week in advance. This upgrade comes amid intensified competition in the prediction market, as the platform accelerates performance and user experience improvements.
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