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Figure Launches On-Chain Stock and Lending Platform, Supporting Direct Issuance of Real Equity and Stock Lending on Blockchain
Summary: In a recent announcement, blockchain lending company Figure Technology Solutions has launched an on-chain stock and lending platform aimed at reducing intermediaries in traditional stock lending. The platform, named On-Chain Public Equity Network (OPEN), supports issuing stocks on the blockchain and directly engaging in stock lending without the need for traditional intermediaries. It will also ...
In a recent announcement, blockchain lending company Figure Technology Solutions has launched an on-chain stock and lending platform aimed at reducing intermediaries in traditional stock lending. The platform, named On-Chain Public Equity Network (OPEN), supports issuing stocks on the blockchain and directly engaging in stock lending without the need for traditional intermediaries. It will also allow companies to issue equity on Figure's Provenance blockchain. Unlike many tokenization efforts, OPEN's blockchain stocks are not synthetic versions of listed stocks, but represent actual ownership of equity, which shareholders can lend or collateralize. (Bloomberg)
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Link: Figure Launches On-Chain Stock and Lending Platform, Supporting Direct Issuance of Real Equity and Stock Lending on Blockchain [Copy]
