Figure Technologies launches platform for on-chain stock issuance and lending

Nasdaq-listed Figure Technology Solutions has launched the On-Chain Public Equity Network (OPEN), a blockchain-based platform that enables the issuance and lending of real-world stocks without intermediaries. Unlike existing tokenized stocks, which are often synthetic assets that track actual shares, OPEN directly issues stocks with real ownership on its proprietary blockchain. This allows investors to lend or collateralize their shares directly on-chain, bypassing complex intermediaries like brokerage firms and custodians.