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Figure Announces the On-chain Public Equity Network (OPEN) Running on Provenance Blockchain

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NEW YORK, Jan. 14, 2026 (GLOBE NEWSWIRE) -- Building on the success of over $20 billion in loans ori...

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AI Summary

Figure launched OPEN, enabling blockchain-native public equity listings. OPEN offers continuous trading, reducing costs through decentralized finance. Figure's Democratized Prime allows shareholders to lend and borrow stocks directly. Market makers, like Jump Trading, are preparing for blockchain integration. Figure aims to dominate blockchain equity markets with innovative trading solutions.

Sentiment Rationale

The launch of OPEN positions FIGR competitively in the evolving blockchain equity market. Historical cases show positive impacts on stocks introducing innovative financial products, evidenced by technologies like Crowdfunding laws boosting shares of early adopters.

Trading Thesis

The structural changes initiated by OPEN will take time to see full effects. Similar innovations in finance have shown significant growth after initial rollouts, suggesting a long-term benefit.

Market-Moving

  • Figure launched OPEN, enabling blockchain-native public equity listings.
  • OPEN offers continuous trading, reducing costs through decentralized finance.
  • Figure's Democratized Prime allows shareholders to lend and borrow stocks directly.

Key Facts

  • Figure launched OPEN, enabling blockchain-native public equity listings.
  • OPEN offers continuous trading, reducing costs through decentralized finance.
  • Figure's Democratized Prime allows shareholders to lend and borrow stocks directly.
  • Market makers, like Jump Trading, are preparing for blockchain integration.
  • Figure aims to dominate blockchain equity markets with innovative trading solutions.

Companies Mentioned

  • COIN (COIN)
  • BLKC (BLKC)
  • SQ (SQ)
  • FB (FB)
  • MSFT (MSFT)

Corporate Developments

The introduction of OPEN is a significant milestone for FIGR, likely influencing investment interest and market presence. Given the advantages it brings over traditional equity markets, we expect heightened investor engagement.

Figure Launches Revolutionary On-Chain Public Equity Network (OPEN) on Provenance Blockchain

NEW YORK, Jan. 14, 2026 (GLOBE NEWSWIRE) – Figure Technology Solutions, Inc. (Nasdaq: FIGR) has announced the launch of its groundbreaking On-Chain Public Equity Network (OPEN), designed to allow companies to list their equity directly on the blockchain. This initiative builds on the company’s success in facilitating over $20 billion in loans on public blockchains and redefines how equity trading functions by moving away from traditional tokenization methods.

Revolutionizing Equity Trading with OPEN

The OPEN network offers distinct functionalities that differentiate it from existing tokenization efforts. Unlike equities that are merely tokenized versions of Depository Trust and Clearing Corporation (DTCC) securities, OPEN equities are fully registered on the blockchain. This allows for trading through Figure’s Alternative Trading System (ATS), establishing a limit order book structure that facilitates continuous trading.

Key Advantages of the OPEN Network

Figure’s OPEN network provides numerous advantages for both companies listing on the platform and their shareholders. These benefits include:

  • Blockchain Registry: Reduces costs and capital requirements dictated by DTCC.
  • Self-Custody and Self-Settlement: The ATS eliminates the need for custodial brokers, democratizing access to trading and reducing costs.
  • Portfolio Margining through DeFi: Supports higher advance rates and improved cross-collateralization across different asset classes, including cryptocurrencies.
  • Transparent Limit Order Book: Replaces the traditional stock borrow locate process, redirecting stock loan economics back to shareholders instead of to prime brokers.

Quotes from Leadership

Mike Cagney, Figure’s Executive Chairman, stated, “OPEN reinvents equity trading. The significant benefits over the centralized incumbent model incentivize companies to use OPEN and encourage their investors to demand it. After originating over $20 billion in on-chain credit, we’re excited to introduce public equity to the Provenance Blockchain.”

Future Plans for FIGR and OPEN

Figure aims to be the first issuer utilizing the OPEN network by filing a public registration statement in November 2025 for a non-dilutive, secondary equity offering. The platform will enable a seamless two-way exchange of OPEN stock with its Nasdaq equity, ensuring consistent liquidity across both marketplaces.

Industry Support and Market Making

Market makers, including Jump Trading LLC, have started preparing for onboarding to the blockchain, which includes market-making services. Additionally, BitGo will provide qualified custodial services for eligible OPEN shareholders.

“We’re witnessing growing momentum across the industry towards more transparent, blockchain-native market structures,” said Mike Belshe, CEO and Co-founder of BitGo. “Figure’s OPEN on-chain offerings represent the next evolution of digital asset markets, and BitGo is proud to support the infrastructure that enables them to operate securely at scale.”

Future Adoption and Business Development

To further the adoption of OPEN, Figure is expanding its business development efforts and has already secured its first commitment for upcoming on-chain issuances. The company anticipates strong interest from digital asset traders and blockchain-native organizations, supported by pressure from the dealer community and buy-side interest to drive growth within the OPEN network.

About Figure Technology Solutions, Inc.

Figure Technology Solutions, Inc. (Nasdaq: FIGR) operates as a blockchain-native capital marketplace that links origination, funding, and secondary market activities. With over 200 partners utilizing its loan origination system, Figure has collectively originated more than $21 billion in home equity and is regarded as the largest non-bank provider of home equity financing.

The company’s ecosystem includes rapidly growing components such as Figure Connect and Democratized Prime, alongside DART for asset custody and $YLDS as an SEC-registered yield-bearing stablecoin. Figure is also recognized as a leader in real world asset (RWA) tokenization, achieving a AAA rating from S&P and Moody’s for its most recent securitization, a milestone for blockchain finance.

Learn More

For more information about the On-Chain Public Equity Network (OPEN) or to get involved, visit Figure's OPEN page.

Contact Information

Media contacts for Figure can reach out via email at Figurepr@serotonin.co.

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