Figure CEO Reveals: How the World's No. 1 Tokenizer of Real World Assets Leads (Michael Tannenbaum)

Figure CEO Michael Tannenbaum discusses how the company uses blockchain to transform capital markets, particularly in the housing sector. Figure aims to lower costs and increase the speed of accessing home equity, offering HELOCs at significantly reduced costs and faster closing times compared to industry averages. A key focus is on transactional efficiency and liquidity through the tokenization of real-world assets, enabling a more standardized and tradable loan ecosystem. Tannenbaum addresses criticisms about centralization and adoption risks, highlighting the benefits of blockchain in ensuring data integrity and reducing third-party review rates. He also touches on Figure's Democratize Prime, a DeFi marketplace connecting stablecoin lenders with borrowers seeking liquidity.