Figure is rolling out a new way for companies to sell stock using blockchain rails instead of the old market plumbing. The blockchain-based lender said it is launchingFigure is rolling out a new way for companies to sell stock using blockchain rails instead of the old market plumbing. The blockchain-based lender said it is launching

Figure launches on-chain stock issuance and lending platform

2026/01/15 00:44
3 min read

Figure is rolling out a new way for companies to sell stock using blockchain rails instead of the old market plumbing. The blockchain-based lender said it is launching a platform that enables firms to issue on-chain equity, while allowing investors to lend shares directly to one another. No clearinghouses. No retail brokers. No long chain of intermediaries standing in the middle of every trade.

The platform is called the On‑Chain Public Equity Network, or OPEN. It will run on the Provenance blockchain and allow companies to issue real shares as blockchain tokens. These tokens are not copies or placeholders.

They represent actual ownership. Investors will be able to lend or borrow against those shares directly, cutting down the traditional role played by prime brokers in stock lending.

OPEN removes intermediaries from stock issuance and trading

Figure said OPEN will let companies issue equity straight onto its blockchain. The firm plans to be the first user of its own system. Once issued, the equity tokens will trade on its decentralized trading venue. Co‑founder and Executive Chairman Mike Cagney said the goal is to strip out the layers that usually sit between issuers and investors.

He described the setup as a rebuild of how equity capital markets work, using blockchain data instead of traditional systems. Cagney said this approach could still leave room for prime brokers, but in different roles. He pointed to cross-collateralization and new lending services as possible areas where brokers could operate within an on-chain structure.

Founded in 2018, Figure went public in September, raising $787.5 million in its initial public offering. Cagney created the company to focus on blockchain‑based lending, including home equity lines of credit, after previously serving as CEO of SoFi Technologies Inc.

The company said it is already seeing interest from firms that want to issue shares through OPEN. That list includes digital-asset treasury firms, also known as DATs. These companies raise money to hold cryptocurrencies on their balance sheets. One well‑known example is Strategy Inc., which focuses on Bitcoin holdings.

Many DATs have seen their stock prices fall below the value of the crypto they hold following a broad market selloff in October. Cagney said OPEN could help close that gap. Investors would be able to buy shares using cryptocurrencies directly. He gave an example of purchasing stock in a Solana‑based DAT using Solana itself.

“When you’re on OPEN, the shareholder has a digital wallet that can take digital assets,” he said. “That gives you a fast way to run a tender process and pull the price back to net asset value.”

If you're reading this, you’re already ahead. Stay there with our newsletter.

Market Opportunity
Belong Logo
Belong Price(LONG)
$0.002486
$0.002486$0.002486
-0.40%
USD
Belong (LONG) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

What next for bitcoin as BTC nears $68,000 on fresh US-Iran tensions

What next for bitcoin as BTC nears $68,000 on fresh US-Iran tensions

The post What next for bitcoin as BTC nears $68,000 on fresh US-Iran tensions appeared on BitcoinEthereumNews.com. Crypto prices firmed during Asia’s Friday morning
Share
BitcoinEthereumNews2026/02/20 15:14
Coinbase Issues Cryptocurrency Call to US Justice Department: “Solve Urgent Problems!”

Coinbase Issues Cryptocurrency Call to US Justice Department: “Solve Urgent Problems!”

The post Coinbase Issues Cryptocurrency Call to US Justice Department: “Solve Urgent Problems!” appeared on BitcoinEthereumNews.com. Coinbase, the largest cryptocurrency exchange in the United States, stated that there should be uniform cryptocurrency regulation in the country. At this point, Coinbase sent a letter to the US Department of Justice requesting that federal regulators prevent state regulations from conflicting with national crypto policies and ensure uniform regulatory clarity. Coinbase’s request comes after the state of Oregon filed a lawsuit against Coinbase for unregistered securities, despite the SEC withdrawing its lawsuit against the cryptocurrency exchange. Coinbase states that although the country’s top regulator, the SEC, withdrew its lawsuit, states are filing lawsuits in defiance of the SEC’s decision. In the letter, addressed by Coinbase Legal Counsel Paul Grewal, he stated: “Despite the Trump administration’s positive regulatory efforts, crypto companies are being negatively impacted by states’ flawed interpretations of securities laws and their divergent actions. If Oregon can sue us for services that are legal under federal law, we have a problem. It has long been clear that the current patchwork of state laws is not only inefficient, but also slows innovation and harms consumers. At this point, the Justice Department should take steps to address the pressing issues by calling on Congress to step in and enact comprehensive and uniform regulations.” Oregon Attorney General Dan Rayfield filed a lawsuit against Coinbase last April, alleging that Coinbase was promoting the sale of unregistered cryptocurrencies to individuals in Oregon. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/coinbase-issues-cryptocurrency-call-to-us-justice-department-solve-urgent-problems/
Share
BitcoinEthereumNews2025/09/18 05:06
Where to Earn Interest on Bitcoin in 2026?

Where to Earn Interest on Bitcoin in 2026?

Looking to earn interest on BTC in 2026? Compare Clapp, Rootstock/Sovryn DeFi, and Bitcoin banking services like Xapo and River.
Share
Cryptodaily2026/02/20 15:30