TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  GlobeNewswire Inc.

Figure Announces the On-chain Public Equity Network (OPEN) Running on Provenance Blockchain

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Na
Figure Announces the On-chain Public Equity Network (OPEN) Running on Provenance Blockchain

Figure Technology Solutions has launched OPEN, an on-chain public equity network allowing companies to list equity natively on blockchain. The platform features blockchain-registered securities, a limit order book ATS for continuous trading, and a DeFi protocol for borrowing/lending stock. BitGo and Jump Trading Group have signed on to support the initiative. Figure plans to be the first issuer and has already secured one additional commitment for on-chain issuance.

Insights
FIGR   positive

Company is launching an innovative blockchain-native equity trading platform with major industry support, expanding its market leadership in RWA tokenization and demonstrating strong growth momentum with $20+ billion in originated loans and secured commitments for future issuances.