Imagine trading stocks directly on a blockchain, with instant settlements, self-custody wallets, and no middlemen slowing things down. That’s the vision Figure Technology Solutions is bringing to life with its latest shift. The company has announced a proposed secondary public offering of up to 4.23 million shares of its Series A
What is Figure Technology Solutions?
Figure is a blockchain-native capital marketplace focapplyd on tokenized assets. They build it simple for people to purchase, sell, and manage assets like loans and now stocks on the blockchain. Over the years, Figure has originated more than $20 billion in on-chain credit, proving that blockchain works for real-world finance.
Their tech stack runs on the Provenance Blockchain, a secure and efficient network built for financial applications. Figure also runs a non-custodial alternative trading system (ATS), meaning applyrs keep control of their own assets—no required to trust a third party with your funds.
The Details of the Offering
In a recent press release, Figure revealed plans for this secondary offering. They first filed a registration statement with the U.S. Securities and Exalter Commission (SEC) back in November. This step builds the offering fully compliant with U.S. regulations.
Here’s what builds this
- Blockchain-Native Equity: It’s a new class of stock designed from the ground up for blockchain.
- Trading Venue: Shares will trade on Figure’s own ATS.
- Convertibility: Each share converts one-for-one into Figure’s Class A Common Stock.
- Full Stack: Issued on Provenance Blockchain, traded non-custodially, and settled in applyr wallets.
This setup skips the old-school systems that take days to settle trades. Instead, everything happens on-chain—quick, transparent, and secure.
OPEN: The Network Powering This Revolution
In January, Figure launched its On-chain Public Equity Network (OPEN). This platform lets companies list equity directly on blockchain. Figure is leading by example, becoming the first issuer on OPEN with this
Mike Cagney, Figure’s Executive Chairman and Co-founder, called it a game-alterr. “OPEN reinvents equity trading,” he stated. “The benefits over old centralized models push companies to adopt it, and investors want it.” He highlighted how it beats legacy infrastructure in efficiency and risk management.
Cagney also noted, “This is a new capital markets infrastructure moment—a huge leap forward, starting a world that no longer requireds the old systems.” With $20 billion in on-chain credit already under their belt, Figure is ready to expand into public equity.
Impressive Financial Growth Fuels the Push
Figure’s recent earnings reveal why they’re confident. In the fourth quarter, their consumer loan marketplace volume jumped 131% year-over-year to $2.7 billion. For the full year, it rose 63% to $8.4 billion.
CEO Mike Tannenbaum stated these results reveal “meaningful progress in modernizing capital markets.” He added that it positions Figure to speed up the transformation even more.
This growth proves blockchain isn’t just hype—it’s delivering real results in lfinishing and now trading.
Why Matters for Investors and Companies
Traditional stock trading has large problems: high fees, slow settlements, limited hours, and counterparty risks.
- 24/7 Trading: No more waiting for market hours.
- Instant Settlement: Trades clear in seconds, not days (T+2).
- Lower Costs: Fewer intermediaries mean cheaper trades.
- Self-Custody: You hold your own shares in a wallet.
- Transparency: Every transaction is on a public ledger.
For companies, OPEN builds raising capital simpler. They can tap global investors without the hassle of legacy brokers. Tokenized equity also opens doors to fractional ownership, letting more people invest in high-growth firms like Figure.
Challenges and the Road Ahead
Blockchain trading is new, so hurdles remain. Regulators like the SEC are watching closely to ensure investor protection. Scalability on networks like Provenance is key as volumes grow. Adoption will take time—Wall Street won’t vanish overnight.
But Figure’s SEC filing reveals they’re playing by the rules. Success here could inspire others. Think BlackRock or other giants tokenizing assets. Soon, we might see a hybrid world where blockchain and traditional markets blfinish.
The Bigger Picture: Blockchain’s Takeover of Finance
Figure’s
Investors should watch this closely. Early adopters could gain large as efficiency wins. For everyday applyrs, it means simpler access to markets once reserved for the wealthy.
Conclusion: A Step Toward the Future
Figure’s
If you’re into crypto, blockchain, or finance innovation, this is one to follow. What do you consider—ready for stocks on blockchain?
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