Mike Cagney, founder of Figure Technology Solutions, predicts blockchain will transform Wall Street's credit infrastructure by moving loans, real-world assets, and stocks on-chain. Figure's loan disbursement volume exceeded $1 billion in March, totaling $2.9 billion in Q1 2026. Cagney highlights that loan tokenization can cut securitization costs and eliminate intermediary fees, enhancing liquidity and integrating credit assets into the DeFi ecosystem. Figure's platform, Forge, bundles loans into asset pools, converting them into tokens for DeFi collateral. The company has launched initiatives on Solana and plans to expand to Ethereum. Additionally, Figure introduced YLDS, a stablecoin backed by $600 million in traditional assets, and is exploring stock tokenization and on-chain lending. Cagney asserts blockchain will redefine financial markets' future structure.