Figure co-founder Mike Cagney announced the launch of the Figure Forge service, which aims to turn blockchain-native loans and other RWAs into participation tokens. The service will be used in the Democratized Prime DeFi market and will offer additional yields through the Hastra protocol, with the liquidity limit order book funded by Figure.

As of March 2026, Ethereum leads in the distributed real-world assets sector with assets approaching 160 billion dollars, followed by BNB Chain and Solana. Industry experts believe that permissionless blockchains have advantages over permissioned networks in terms of security and decentralization. The collaboration between R3 Corda and Solana further drives this trend.

Gate News bot message, Real World Assets (RWAs) are becoming one of the most talked-about narratives in crypto. What started as a simple tokenization story is now expanding into a much broader ecosystem – from private credit and Treasuries to stablecoins and real assets.