Figure Technology files ‘second IPO’ to bring native equity issuance to Solana

Figure Technology, a blockchain financial services firm, has filed for a second public offering with the SEC to issue native equity directly on the Solana blockchain, following its recent Nasdaq listing. Executive chairman Mike Cagney stated this move aims to expand decentralized finance (DeFi) use cases on Solana. This blockchain-native equity will trade natively onchain via Figure’s alternative trading system, bypassing traditional exchanges and brokers. By issuing equity on Solana, investors can utilize the tokenized security in DeFi protocols for lending or borrowing. Figure's broader ambition includes supporting native equity issuance for other companies within the Solana ecosystem, which is rapidly gaining traction as a hub for tokenized assets due to its high speed and transaction finality.

(Source：Cointelegraph)