Overview
- OPEN lists blockchain-registered shares on Provenance rather than DTCC-wrapped tokens, with continuous trading on a limit order book operated by Figure’s FINRA/SIPC-regulated ATS.
- Figure will be the first issuer after filing in November 2025 for a non-dilutive secondary offering, with plans for frictionless two-way exchange between OPEN shares and its Nasdaq-listed stock.
- Investors can use Figure’s Democratized Prime to borrow against and lend their stock on-chain, enabling portfolio margining across asset classes and directing stock-loan economics to shareholders instead of prime brokers.
- Jump Trading is preparing to provide market-making services, and BitGo will offer qualified custody for eligible shareholders who require it.
- Figure has begun a dedicated push for issuer adoption, secured an initial commitment for a subsequent on-chain issuance, and the effort comes as tokenized-equity metrics are reported near $1.2 billion outstanding with monthly activity approaching $800 million.