Figure Launches On-Chain Stock Trading Platform to Tokenize Equities

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Source: CryptoNewsNet Original Title: Figure joins stock tokenization race with new trading platform backed by BitGo, Jump Original Link: Figure (FIGR), a financial technology firm best known on-chain lending, is pushing deeper into the red-hot tokenization trend with a new stock trading and issuance network built entirely on the blockchain.

Dubbed On-Chain Public Equity Network (OPEN), the platform lets companies issue equity directly via the Provenance Blockchain, sidestepping traditional intermediaries like the Depository Trust and Clearing Corporation (DTCC). The system integrates with Figure’s Alternative Trading System (ATS), enabling continuous trading through a limit order book.

Investors will also be able to lend or borrow against their holdings using decentralized finance (DeFi) rails, removing the need for prime brokers.

DEFI-2,81%
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