Provenance Blockchain

Would love to hear everyone’s thoughts on provenance blockchain and the company Figure technologies?

Figure technologies utilizes the provenance blockchain to tokenize real world assets like mortgages and home equity loans.

Provenance is a proof of stake blockchain built with cosmos and has a maximum of 100 Validators. It can only be used for certain functions so it doesn’t get bogged down by meme tokens, NFTs and other use cases that would increase on chain data.

My main concern is centralization and security.

Security seems to be very solid due to the fact that they only focus on certain functions so the smart contracts can be buttoned up very tightly and there are less attack vectors.

The top 10 validators hold 44% of the native token, hash, which is my main concern. But I would imagine more large companies will want to become validators as the chain and company continues to gain traction.

Any additional pros or cons would be great to hear.