Figure Technology Solutions Inc. has commenced marketing approximately 4.23 million blockchain-native shares to investors, according to Bloomberg. These shares, offered by existing shareholders, are set to be priced after the close of trading on February 17. Unlike traditional listings, these shares will trade on Figure's proprietary blockchain alternative trading system rather than Nasdaq. The shares are convertible to common stock on a 1:1 basis, and the company plans to repurchase up to $30 million worth of shares post-issuance. The offering is managed by Goldman Sachs, Morgan Stanley, and Cantor Fitzgerald.