Bloomberg: Figure Technology is launching a blockchain stock direct lending platform without the involvement of traditional intermediaries

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Deep Tide TechFlow News, January 14 — According to Bloomberg, blockchain lending company Figure Technology Solutions Inc. is launching a new platform that allows investors to issue stocks on the blockchain and directly engage in stock lending without the involvement of traditional intermediaries.

The platform is called the On-Chain Public Equity Network (OPEN), which will enable 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, allowing shareholders to lend or collateralize these equities. This innovation aims to reduce intermediary steps in traditional stock lending and improve market efficiency.

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