Figure's Home Equity Line of Credit (Heloc) token has ascended to become the 10th-largest cryptocurrency, with a valuation exceeding $15 billion. According to NS3.AI, this development has sparked debate among critics who question the token's legitimacy in the rankings, citing its limited on-chain activity and liquidity as concerns. Despite the skepticism, Figure maintains that Heloc is a legitimate blockchain-based real-world asset, highlighting the growing interest in the tokenization of traditional financial assets.