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The $12B Protocol No One’s Talking About 👀

While CT keeps chasing hype, one protocol has silently originated over $12.4B in loans  with $10B+ in active loans — and barely anyone's talking about it.

Meet @ Figure, the Real World Asset (RWA) private credit marketplace that issues loans at a fixed 9.9% interest rate directly to bank accounts.

At this scale, the protocol is projected to generate $100M–$1B in annual revenue — making it one of the highest revenue-generating DeFi platforms in the space.

How did they get to $12B+ in originated loans?

1️⃣ Provenance Blockhain Foundation (built by Figure) has issued $1B+ in HELOCs and student loan refinancing

2️⃣ Expanded into home equity, DSCR, cash-out refinance, etc., via partnerships with banks & lenders

3️⃣ Institutional capital + on-chain transparency = $13B+ in cumulative loan originations

And remember — this isn’t TVL.
It’s real-world loan volume, transparently tracked and tokenized into RWA pools.

Source:rwadotxyz