BlockBeats News, February 19 — Figure Technology Solutions will launch its tokenized stock version on the blockchain this Thursday. The stock token, named FGRD, will be issued, traded, and settled on Figure’s blockchain-based stock and lending platform Onchain Public Equity Network (OPEN), without relying on traditional clearing and custody systems. Stock token holders will be able to borrow and lend through Figure’s DeFi marketplace.
This tokenized stock listing coincides with its secondary public offering, which has expanded to a fundraising total of $150 million. Venture capital firm Pantera Capital participated in this round.
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