Figure launches onchain stock platform backed by BitGo and Jump

Figure has launched a new onchain stock trading and issuance platform as it moves deeper into equity tokenisation.

The platform, known as the On-Chain Public Equity Network, enables companies to issue and trade shares natively on the Provenance Blockchain.

Figure said the system bypasses traditional intermediaries such as the Depository Trust and Clearing Corporation, aiming to cut costs and improve transparency.

Custody and liquidity support for the platform will be provided by BitGo and Jump Trading.

The network integrates with Figure’s Alternative Trading System to allow continuous trading via a limit order book.

Investors will also be able to lend and borrow against their equity holdings using decentralised finance infrastructure.

Figure said it plans to be the first company to list its own shares on the platform.

The firm intends to make its Nasdaq-listed stock interchangeable with blockchain-registered equity following a secondary offering filing.

The launch comes as tokenisation of real-world assets gains momentum across global financial markets.

Industry data shows tokenised stocks represent a market worth about $870 million with more than $2 billion in monthly trading volume.

Regulators have signalled growing openness to tokenisation, citing potential benefits such as increased efficiency and transparency.