Figure Technologies has launched FGRD, its first tokenized stock on the OPEN network, combining near-instant settlement, smart contract-based shareholder functions, and DeFi collateral utility under a compliance-focused framework.

Figure Technology Solutions, led by former SoFi CEO Mike Cagney, plans to enter the first-lien mortgage market, taking on Fannie Mae and Freddie Mac with blockchain-based origination costs of $1,000 versus $11,000. It targets loans under $300,000.

Figure Technology Solutions, led by former SoFi CEO Mike Cagney, plans to challenge Fannie Mae and Freddie Mac in first-lien mortgages. The blockchain platform claims origination costs of just $1,000 vs $11,000 via GSEs, with 5-minute HELOC approval and 3-day funding. Target market is sub-$300k loans. Revenue hit $510M in 2025, with EBITDA margin at 55%.

Figure is expanding from HELOCs into first-lien mortgages, claiming blockchain can cut origination costs from $11,000 to $1,000 and reduce funding time dramatically. The move could reshape RWA and mortgage finance narratives.

Toncoin leads with an 80% rally driven by protocol upgrades and fee cuts. SIREN and VVV follow. Pi drops 1.8%, while SKY and LEO show minor pullbacks in a constructive structure. Market rotates to fundamentally strong assets.

Toncoin led the weekly crypto gainers with an 80%+ rally, driven by protocol upgrades and consolidation breakout. SIREN and VVV also posted strong gains. On the loser side, PI dropped 1.8%, while SKY and LEO saw minor declines but maintained bullish structures.

Toncoin ($TON) surged over 80% this week on protocol upgrades and fee reductions, leading winners. Siren ($SIREN) and Venice Token ($VVV) gained 63% and 58% respectively. Pi (PI) declined 1.8%, while Sky ($SKY) and UNUS SED LEO ($LEO) posted minor losses but maintain bullish structures.

TON led with 80% gains driven by protocol upgrades. SIREN and VVV rallied 63% and 58% respectively. PI fell 1.8%, while SKY and LEO posted modest losses but maintained bullish structures. Capital rotated toward fundamentally strong assets.