Figure’s Blockchain Revolution: Launching Tradable On-Chain Stock to Transform Equity Markets

Introduction: A New Dawn for Stock Trading

Imagine buying and selling company shares directly on a blockchain, with full control in your own digital wallet. No middlemen, no delays, just fast, secure trades. This is not a dream—it’s happening now. Figure Technology Solutions, a leader in blockchain-based finance, has taken a bold step forward. They announced a proposed secondary public offering of up to <4.23 million shares> of their Series A . This move could redefine how we trade equities.

What is Figure’s ?

Figure’s is a special class of equity built from the ground up on blockchain technology. It’s not just regular stock digitized—it’s native to the blockchain. Key features include:

• Issuance on Provenance Blockchain: Every share is created and tracked on this secure, enterprise-grade blockchain.
• Trading on Alternative Trading System (ATS): Figure’s own non-custodial platform lets users trade without handing over custody of their assets.
• Self-Custody Settlement: Trades settle directly into your wallet, cutting out clearinghouses and reducing risks.
• Convertible to Class A Shares: One-for-one swap into Figure’s traditional Class A Common Stock.

This setup promises huge gains in speed, cost, and transparency over old-school stock markets.

The Road to Launch: From SEC Filing to Reality

Back in November, Figure filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for this offering. This was a key milestone, showing regulators are warming up to blockchain securities. Fast forward to February 13, and Figure revealed plans for the secondary offering of up to 4.23 million shares.

Why secondary? It lets existing shareholders sell stakes while testing the waters for broader public trading. Figure isn’t stopping there. In January, they rolled out the . This platform lets any company list equity directly on blockchain. Figure plans to be the first to use it fully.

“This is a new capital markets infrastructure moment for efficiency and risk management—a huge leap forward from the legacy securities market infrastructure, and the start of a world that no longer needs it.”
Mike Cagney, Executive Chairman and Co-founder of Figure

Cagney’s words capture the excitement. After handling over $20 billion in on-chain credit, Figure is ready to tackle public equities.

OPEN: The Game-Changer for Equity Trading

OPEN is Figure’s vision for the future. It allows 24/7 trading, instant settlement, and global access without borders. Traditional markets close daily and take days to settle—OPEN fixes that.

Benefits for companies:

• Lower costs: No need for expensive intermediaries.
• Better liquidity: Trade anytime, anywhere.
• New investors: Reach crypto-savvy users worldwide.

For investors:

• Own your shares truly: Self-custody means no broker freezes.
• Transparency: Every trade on immutable blockchain.
• Speed: T+0 settlement, not T+2.

“OPEN reinvents equity trading,” Cagney added. “The significant benefits over the centralized incumbent model incent companies to use OPEN and their investors demand it.”

Figure’s Strong Financial Backbone

Figure isn’t just innovating—they’re growing fast. In their latest earnings:

• Q4 consumer loan marketplace volume: Up 131% year-over-year to $2.7 billion.
• Full-year volume: Surged 63% to $8.4 billion.

Mike Tannenbaum, Figure’s CEO, said: “The results reflect the meaningful progress we’ve already made in modernizing capital markets and position us to further accelerate that transformation.”

This growth shows blockchain works in real finance. Figure’s home lending and lending marketplace prove tokenized assets scale.

Why This Matters for Blockchain and Crypto

Figure’s launch bridges traditional finance (TradFi) and decentralized finance (DeFi). Tokenized stocks could unlock trillions in value. Think fractional shares, programmable dividends, or even yield-bearing equities.

Challenges remain: Regulatory clarity, wallet adoption, and bridging fiat ramps. But with SEC approval in sight, Figure leads the pack.

Provenance Blockchain, Figure’s own chain, handles high-volume securities with compliance built-in. It’s permissioned yet efficient, perfect for institutions.

The Bigger Picture: Disrupting Wall Street

Legacy systems like NYSE rely on 1970s tech—slow, costly, prone to hacks. Blockchain flips the script:

This isn’t hype. Real-world adoption is here, with Figure testing the future today.

What’s Next for Figure and On-Chain Equities?

Expect more issuers on OPEN soon. Partnerships with banks, exchanges, and wallets could explode growth. If successful, sets a template for others.

Investors should watch: Early access to blockchain-native equities could yield big returns as adoption grows.

Conclusion: Embrace the

Figure’s launch is more than a filing—it’s a declaration. The future of trading is on-chain, efficient, and user-owned. As Mike Cagney says, legacy infrastructure’s days are numbered. Stay tuned as Figure leads the charge into tokenized markets.

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