Figure is launching an on-chain stock and lending platform that supports on-chain issuance of real stocks and directly conducts stock lending.

BlockBeats News, January 14th, Blockchain lending company Figure Technology Solutions announced the launch of an on-chain stock and lending platform designed to reduce 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 traditional intermediaries. It will 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 equity ownership. Shareholders can lend or collateralize these equities. (Bloomberg)