Figure launches service to tokenize real-world assets

Blockchain-based online lending platform Figure announced the launch of Figure Forge, a service for converting real-world assets (RWA) into "Participation Tokens." The service is designed to transform various types of real-world assets into fungible assets that can be used as collateral for loans on DeFi protocols. Figure plans to apply this technology to its recent partner, fintech firm Agora Data, and will provide the initial token liquidity.