According to Bernstein, Figure Technology Solutions reported Q1 earnings on May 11 that beat Wall Street expectations in both revenue and EBITDA. The company converts real-world credit assets into blockchain-native instruments tradable on-chain. Bernstein’s May 15 report noted Figure’s Forge platform enables loan-to-dollar liquidity conversion, addressing liquidity challenges in decentralized finance. The tokenized credit market currently stands at $51.4 billion, with Bernstein estimating up to $4 trillion in annual credit origination could potentially migrate on-chain.
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