@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: https://coindesk.com/business/2026/02/19/figure-is-debuting-its-tokenized-stock-along-with-upsized-usd150-million-offering#Tokenization… #RWA #DeFi #CapitalMarkets

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@Figure 推出代币化股票，并募集 1.5 亿美元资金，这不仅仅是一个融资故事。

代币化股票可以作为借贷池的抵押品（收益率高达 7%！）。这意味着股权不再是静态的，而是可编程的基础设施。在私募市场，股票流动性差，难以利用杠杆。而在链上，它们与钱包原生集成，采用原子结算，合规性可以直接嵌入代币中。

一旦它们可以作为抵押品，资本效率就会发生改变。私募资产通常存在 20-30% 的流动性折扣。如果代币化股票能够无缝交易并为贷款提供担保，那么这种折扣将从根本上压缩。

这正是 @DigiSharesDK 和 @realestatebrick 正在努力的方向——合规发行 + 二级市场流动性 + 抵押贷款。

当资产变得可组合时，代币化才真正成为现实。

来源：https://coindesk.com/business/2026/02/19/figure-is-debuting-its-tokenized-stock-along-with-upsized-usd150-million-offering#Tokenization… #RWA #DeFi #CapitalMarkets

Block 旗下的比特币项目比特币 at Block（Block 由 Twitter联创杰克·多西创立）刚刚宣布上线免费比特币水龙头，标记比特币分发模式的回归……

杰克·多西宣布了一项价值 100 万镁的项目，旨在免费赠送比特币。

微策略（Strategy）创办人 Michael Saylor 断言比特币已赢得全球叙事战，同时点名 BIP- […]
〈Michael Saylor 警告 BIP-110 是比特币最大威胁；四年周期已死、机构资本才是真主角〉这篇文章最早发布于动区BlockTempo《动区动趋-最具影响力的区块链新闻媒体》。

Michael Saylor 警告 BIP-110 是比特币最大威胁；四年周期已死、机构资本才是真主角

加密货币并没有失败，它只是在过去十年里，找错了用户。