TechFlow reports, on January 14, according to Bloomberg, blockchain lending company Figure Technology Solutions Inc. is launching a new platform enabling investors to issue stocks and conduct stock lending directly on the blockchain without involvement of traditional intermediaries.
The platform, named On-Chain Public Equity Network (OPEN), will allow companies to issue equity on Figure's Provenance blockchain. Unlike many tokenization efforts, OPEN's blockchain-based stocks are not synthetic versions of listed shares, but represent actual equity ownership, which shareholders can lend or pledge. This innovation aims to reduce intermediary layers in traditional stock lending and enhance market efficiency.
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