Figure Technology Solutions Launches Blockchain-Based Stock FGRD
- Figure Technology Solutions has launched FGRD, a common stock issued entirely on blockchain infrastructure.
- FGRD is the first SEC-registered public stock to be traded and settled with T+0 finality.
- The launch took place on February 19 in New York through the Onchain Public Equity Network.
- The process bypasses traditional settlement systems like DTCC, offering a fully onchain solution.
Figure Technology Solutions has introduced FGRD as a groundbreaking step in blockchain-based stock issuance, trading, and settlement. This development highlights the potential for blockchain to streamline financial processes by eliminating intermediaries like DTCC.
By launching FGRD with T+0 finality, Figure Technology Solutions demonstrates a significant advancement in the integration of blockchain technology into traditional financial markets. (Source)
