Figure will launch its tokenized stock and conduct a $150 million share issuance.

Huoxun Finance reported on February 19th that Figure announced it will issue a tokenized version of its stock directly on the blockchain, bypassing traditional clearing systems. Stock token holders will be able to borrow and lend through Figure's DeFi market. This tokenized stock listing coincides with Figure's secondary public offering, which has expanded to $150 million. Venture capital firm Pantera Capital participated in the transaction.