The core idea is putting an asset like a loan on a blockchain, not a token that references the loan, but the actual loan, which hasn’t been done. My view is that simply ‘tokenizing’ an asset that lives off-chain introduces more problems than it solves.
Figure is a financial technology company with the mission of leveraging blockchain, AI and advanced analytics to unlock new access points for consumer credit products that can transform the financial lives of our customers. We provide home equity release solutions, including home equity lines of credit, home improvement loans and home buy-lease back offerings for retirement. Concurrently, we are building a blockchain protocol for the origination, custody, trading and securitization of whole loans and other assets.