# Figure Tokenized Stock (FGRS)

> Figure Tokenized Stock (FGRS) is a blockchain-native common stock issued on the On-chain Public Equity Network (OPEN) by Figure Technology Solutions, allowing on-chain ownership, real-time settlement, and integration with digital financial services.

- Canonical URL: https://iq.wiki/wiki/figure-tokenized-stock-fgrs
- Categories: Cryptoassets
- Tags: Ethereum, RWA, Token
- Created: 2026-07-27T16:34:58.645Z
- Last updated: 2026-07-27T16:41:35.343Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

---

**Figure Tokenized Stock (FGRS)** is a [blockchain](https://iq.wiki/wiki/blockchain)-native class of common stock issued by [Figure Technology Solutions](https://iq.wiki/wiki/figure) on its On-chain Public Equity Network (OPEN). The asset represents actual equity issued and recorded on a public [blockchain](https://iq.wiki/wiki/blockchain), enabling on-chain ownership tracking, settlement, and integration with [blockchain](https://iq.wiki/wiki/blockchain)-based financial services. [\[1\]](#cite-id-WU8Hda9ZfRf5lvRi) 

## Overview

FGRS is a [blockchain](https://iq.wiki/wiki/blockchain)-native class of common stock issued by [Figure Technology Solutions](https://iq.wiki/wiki/figure) and launched in February 2026 as the first SEC-registered public equity to be issued, traded, and settled natively on a public [blockchain](https://iq.wiki/wiki/blockchain). Unlike tokenized representations of existing shares, FGRS represents the actual equity itself, with ownership recorded directly on [Figure's](https://iq.wiki/wiki/figure) On-chain Public Equity Network (OPEN). The system enables near-instant (T+0) settlement, real-time ownership verification, direct shareholder custody, and [blockchain](https://iq.wiki/wiki/blockchain)-based stock lending and borrowing through [Figure's](https://iq.wiki/wiki/figure) infrastructure, while remaining compatible with regulated trading venues and self-custody wallets.

FGRS was introduced as a demonstration of [Figure's](https://iq.wiki/wiki/figure) OPEN platform, which is designed to support [blockchain](https://iq.wiki/wiki/blockchain)-based issuance, transfer, and settlement of public equities without relying on traditional clearing and settlement infrastructure. By recording equity ownership directly on-chain, the platform aims to reduce settlement delays, reconciliation requirements, counterparty risk, and dependence on intermediaries. The launch coincided with [Figure's](https://iq.wiki/wiki/figure) public stock offering and included participation from institutional investors such as [Pantera Capital](https://iq.wiki/wiki/pantera-capital), reflecting broader efforts to apply [blockchain](https://iq.wiki/wiki/blockchain) technology to regulated capital markets. [\[2\]](#cite-id-78HWCZFQtFB7mtil)  [\[4\]](#cite-id-162aGWz1zu3eXUnB) 

## Features

FGRS is designed with [blockchain](https://iq.wiki/wiki/blockchain)-native functionality that allows the stock to exist and operate directly on [Figure's](https://iq.wiki/wiki/figure) OPEN [blockchain](https://iq.wiki/wiki/blockchain) network rather than being represented by a token linked to traditional shares. Ownership is recorded on-chain, enabling real-time verification of shareholders and transfers without requiring separate reconciliation between multiple record-keeping systems. Transactions are settled through atomic exchanges of cash and shares, allowing ownership and payment to be completed simultaneously.

The platform supports near-instant (T+0) settlement, reducing the settlement period typically associated with public equity transactions. Investors can hold FGRS in supported self-custody wallets or access it through participating regulated trading platforms, providing flexibility in how the shares are managed. The stock also integrates with [Figure's](https://iq.wiki/wiki/figure) Democratized Prime protocol, enabling on-chain securities lending and borrowing while maintaining [blockchain](https://iq.wiki/wiki/blockchain)-based ownership records.

Because FGRS is issued as an SEC-registered public equity directly on [blockchain](https://iq.wiki/wiki/blockchain) infrastructure, it supports programmable compliance features and digital shareholder management without relying on traditional clearing and custody systems. The [blockchain](https://iq.wiki/wiki/blockchain)-based architecture is intended to streamline equity issuance, transfers, and settlement while reducing dependence on intermediaries and enabling a single, transparent record of ownership. [\[3\]](#cite-id-V6eg1acBY0HZzo81)  [\[5\]](#cite-id-TNRcRAr5Cd36qeNi)