Figure OPEN Platform Blockchain Equities: Bypassing DTCC for On-chain Finance
Figure Technologies launches the OPEN platform, hosting equities natively on-chain and bypassing the DTCC. Discover how this enables DeFi-based lending and instant settlement.
The traditional walls between Wall Street and decentralized finance are crumbling. Figure Technologies just launched its new OPEN platform, designed to host equities registered natively on-chain. This move effectively cuts out legacy intermediaries, allowing for a future where your stock portfolio functions as active liquidity within the crypto ecosystem.
Figure OPEN Platform Blockchain Equities: Eliminating the T+2 Wait
According to reports, the OPEN platform bypasses the DTCC (Depository Trust & Clearing Corporation) entirely. By registering shares directly on the blockchain, Figure enables instant settlement and clearing. This is a massive leap from the standard T+2 settlement cycle, which has been the industry norm for decades, significantly reducing counterparty risk and freeing up trapped capital for institutional players.
Unlocking Liquidity via DeFi Lending
What makes this integration unique is the bridge to DeFi-based lending. Equities hosted on OPEN can be used as collateral in decentralized protocols. This means companies and investors can leverage their equity holdings to borrow capital without the friction of traditional banking hurdles. It's a clear signal that the fintech sector is ready to merge high-finance assets with blockchain's programmable efficiency.
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