Figure Launches OPEN Platform to Enable On-chain Equity Issuance and Stock Lending
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Figure Technology Solutions has launched the OPEN platform for blockchain-based equity issuance and stock lending, aiming to modernize capital raising and enhance investor liquidity. The platform focuses on direct ownership and utilizes smart contracts, streamlining trading and reducing costs for crypto-focused firms.
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- OPEN enables direct blockchain-based equity issuance, bypassing traditional intermediaries.
- On-chain lending and smart contracts streamline trading and reduce settlement costs.
- Crypto-focused firms can raise capital using digital assets, improving NAV price discovery.
Figure Technology Solutions Inc. has introduced a new blockchain-based platform that targets a core function of public markets. The company aims to move equity issuance and stock lending directly onto a distributed ledger.
The launch signals a broader effort to modernize how companies raise capital and how investors access liquidity. Unlike earlier tokenization models, the platform focuses on direct ownership rather than derivative exposure. Consequently, Figure positions the initiative as a structural shift rather than a technical experiment.
The platform, called OPEN, runs on the Provenance bloc…
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