@Figure launching tokenized stock with a $150M offering isn’t just a funding story. Tokenized shares that can be used as collateral in lending pools (7% yield!). That’s when equity stops being static and becomes programmable infrastructure. In private markets, shares are illiquid and hard to leverage. On-chain, they’re wallet-native, atomically settled, and compliance can be embedded directly in the token. Once they’re collateral-ready, capital efficiency changes. Private assets carry a 20–30% illiquidity discount. If tokenized shares can trade and back loans seamlessly, that discount compresses structurally. This is exactly the direction we’re building toward at @DigiSharesDK and @realestatebrick — compliant issuance + secondary liquidity + collateralized lending. Tokenization becomes real when assets become composable. Source: coindesk.com/business/2026/02/...… #RWA #DeFi #CapitalMarkets