Figure pushes OPEN chain on-chain equity network: companies directly issue on-chain stocks, removing intermediaries

GasFeeLady · 2026-01-14T17:20:10+00:00

Figure Technology Solutions has launched the OPEN project, utilizing the Provenance blockchain to build a public equity network. Companies can directly issue digital stocks, allowing investors to trade without intermediaries, thereby improving transaction efficiency. This initiative provides a practical example for on-chain asset securitization and has attracted the attention of several enterprises.

GasFeeLady

2026-01-14 17:20:10

Abstract generation in progress

【CryptoWorld】Blockchain financial innovation takes a new step. Figure Technology Solutions has launched an interesting project called OPEN—building an on-chain public equity network on the Provenance blockchain. In simple terms, companies can directly issue digital stocks representing real equity on the chain, allowing investors to participate in stock lending and borrowing transactions without going through traditional financial intermediaries. This model effectively eliminates middlemen and improves transaction efficiency.

Figure’s move is quite bold. They plan to start by cutting themselves first, issuing their own equity tokens on the OPEN platform, and then listing them for trading on their decentralized exchange. This is not only a technical validation but also a practical exploration of on-chain asset securitization. The market response has been positive, with several companies, including digital asset treasury firms, expressing strong interest in participating in this ecosystem.

This case is very representative—it demonstrates that blockchain is not just a tool for trading coins but also has real application space in asset securitization and mechanism innovation.

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FOMOSapien

· 01-17 16:36

Hmm, another move towards decentralization? Sounds good, but can it really be implemented? It's a positive sign that Figure is taking the lead, but this setup is still far from truly replacing the traditional stock market. Will this be another case of hype around concepts? Let's wait and see if real users emerge. Honestly, I'm a bit worried about how regulators will handle this. Direct on-chain equity is a very complex area. Removing intermediaries sounds great, but if something goes wrong, who will be responsible? Has Figure thought through the compliance aspects?

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NightAirdropper

· 01-17 14:02

But the real test is still ahead. Going through an intermediary sounds appealing, but when it comes to compliance... it depends on how regulators play their hand.

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SurvivorshipBias

· 01-14 17:49

Cutting out intermediaries sounds great in theory, but has it actually been implemented? This track is definitely hot, but I'm just worried it might be another case of hype over substance. Figure taking the lead? That’s a bold move, but let’s wait until big companies actually follow suit. On-chain equity sounds revolutionary, but what about reality? How will regulators handle it—that’s the real key. Decentralized trading stocks... sounds like a dream. But is it just a wake-up call? It just feels like another "changing finance" story, and they all sound very appealing. Provenance chain? Never heard of it. That’s probably the real issue.

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ClassicDumpster

· 01-14 17:32

Ha, another "revolutionary" thing, this time about cutting brokers? Come on Figure is just issuing tokens to test the waters, I've seen this trick too many times The real question is: who will handle risk management? There are so many shady projects on-chain, how can retail investors tell real equity from fake hype? Wait, if this really takes off... brokers will be panicking But then again, can Provenance handle large-scale transactions? That's the real key

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NftDeepBreather

· 01-14 17:29

Profiting from middlemen—can it really work this time? I feel like I still need to see real-world applications before I believe it.

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DataBartender

· 01-14 17:25

Talking to intermediaries sounds pretty smooth, but can it really be implemented? Figure itself is ahead of the game; this move is indeed a bit bold. Let's wait and see if it backfires later. Tokenization of equity sounds simple, but what about regulatory risks? Middlemen are almost going to be unemployed haha I'm optimistic about this direction, but I don't know how they'll get past the regulatory hurdle.

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