Figure Technology unveiled blockchain-based tokenised stock FGRD, The Block reported on Feb. 19.
FGRD will be issued on Figure's Open Public Equity Network (OPEN) and traded directly on blockchain, excluding traditional financial intermediaries.
Investors can access the shares through the Figure Markets app and a self-custody wallet, and can also lend and borrow using Figure's decentralised finance protocol.
Figure operates a blockchain-native capital markets platform that tokenises $22 billion in home mortgage loans and offers digital asset custody and on-chain yield products. Mike Cagney (마이크 캐그니), Figure's chairman, said FGRD enables real-time trading, transparency and programmable transactions, and will eliminate inefficiencies in the existing financial system.
Chi-gyu Hwang
delight@d-today.co.kr