Figure launches the OPEN platform, enabling direct stock lending transactions on the blockchain.
AI Summary1 min read
TL;DR
Figure Technology launched the OPEN platform on Provenance blockchain, enabling direct stock lending and equity token issuance without traditional brokers, starting with its own token.
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OpenLedgerURHAIFigFigure TechnologyOPEN platformblockchainequity tokensstock lending
PANews reported on January 14th that, according to Bloomberg, Figure Technology has launched a new platform, "OPEN" (On-Chain Public Equity Network), which allows companies to issue real equity tokens on its Provenance blockchain. Shareholders can directly borrow and lend shares without going through traditional brokers or custodians. Figure will be the first to issue its own equity token and support trading on its decentralized platform, aiming to restructure the equity market infrastructure.