Figure Technology Solutions has launched a tokenized version of its stock, FGRD, on its blockchain platform, bypassing traditional financial intermediaries. The stock is available on Figure's Onchain Public Equity Network (OPEN), where it is issued, traded, and settled directly on blockchain, enabling faster execution and programmable compliance. Investors can access FGRD through the Figure Markets app and self-custody wallets, with options for lending and borrowing via Figure's decentralized finance protocol. The launch coincides with Figure's $150 million secondary public offering, which saw participation from Pantera Capital. The company also plans to repurchase $10 million of its common stock. Figure, which went public in September, has originated over $22 billion in home equity loans and offers digital asset custody and tokenization services. The move to issue FGRD natively onchain aims to modernize capital markets infrastructure by enhancing transparency and reducing costs and risks associated with traditional market systems.