Brazil permits tokenized cows as collateral; Paraná farmer borrows $19,600 backed by 10 dairy cows worth $23,500 with AI collars.

Figure launches crypto-collateralized credit for U.S. investors, converting digital assets into real collateral as crypto ownership goes mainstream.

According to @kwok_phil, a crypto-backed loan can be structured with no maturity, allowing the borrower to keep the crypto collateral and sustainably draw cash so long as the asset’s annual appreciation exceeds the interest owed, creating a positive carry spread, source: @kwok_phil. For traders, this outlines a carry-based approach where the viability hinges on the appreciation-minus-interest spread remaining positive each year to live off borrowed funds without repaying principal, source: @kwok_phil.