Figure Technology Files for Second IPO to Issue Equity on Solana
- Figure Technology has filed with the SEC for a second public offering aimed at issuing blockchain-native equity on Solana.
- The new equity will not trade on traditional exchanges like Nasdaq or rely on brokers such as Goldman Sachs.
- Investors can use the tokenized security within DeFi protocols for lending and borrowing.
- Cagney emphasized plans to support native equity issuance for other companies in the Solana ecosystem.
- Solana is emerging as a hub for tokenized assets, increasingly competing with Ethereum in this space.
This initiative reflects Figure’s strategy to enhance decentralized finance applications and expand tokenization capabilities on Solana, which is gaining traction in the real-world asset market.
With this filing, Figure aims to facilitate direct equity issuance on Solana, further integrating traditional finance into blockchain ecosystems.(Source)
