Figure has introduced its OPEN platform, an onchain equity network designed to overhaul stock trading and lending. According to reports, the platform focuses on managing issuance, settlement, and stock lending directly on the blockchain. Instead of mirroring traditional stock trading systems, OPEN aims to create a new paradigm for equity management using blockchain technology. The development seeks to leverage the benefits of onchain solutions for increased efficiency and transparency in stock-related processes.

Figure has introduced its OPEN platform, an onchain equity network designed to overhaul stock trading and lending. According to reports, the platform focuses on managing issuance, settlement, and stock lending directly on the blockchain. Instead of mirroring traditional stock trading systems, OPEN aims to create a new paradigm for equity management using blockchain technology. The development seeks to leverage the benefits of onchain solutions for increased efficiency and transparency in stock-related processes.