{"id":"figure-tokenized-stock-fgrs","title":"Figure Tokenized Stock (FGRS)","content":"**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) \n\n## Overview\n\nFGRS 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.\n\nFGRS 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) \n\n## Features\n\nFGRS 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.\n\nThe 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.\n\nBecause 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) ","summary":"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.","images":[{"id":"QmdW8vRRhfdibttT6y3qoXHsTUDuV1saiuhvqwCHeKYvuz","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptoassets","title":"cryptoassets"}],"tags":[{"id":"Token"},{"id":"RWA"},{"id":"Ethereum"}],"media":[],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"WU8Hda9ZfRf5lvRi\",\n    \"url\": \"https://www.figure.com\",\n    \"description\": \"Figure's official website\",\n    \"timestamp\": 1785157259924\n  },\n  {\n    \"id\": \"78HWCZFQtFB7mtil\",\n    \"url\": \"https://www.coindesk.com/business/2026/02/19/figure-is-debuting-its-tokenized-stock-along-with-upsized-usd150-million-offering\",\n    \"description\": \"CoinDesk announcement\",\n    \"timestamp\": 1785157259924\n  },\n  {\n    \"id\": \"V6eg1acBY0HZzo81\",\n    \"url\": \"https://www.figuremarkets.com/exchange/trade/fgrs-ylds\",\n    \"description\": \"Figure Markets Exchange\",\n    \"timestamp\": 1785157259924\n  },\n  {\n    \"id\": \"162aGWz1zu3eXUnB\",\n    \"url\": \"https://www.figure.com/newsroom/announcement/figure-launches-fgrs-first-sec-registered-blockchain-native-stock/\",\n    \"description\": \"Figure announcement\",\n    \"timestamp\": 1785157259924\n  },\n  {\n    \"id\": \"TNRcRAr5Cd36qeNi\",\n    \"url\": \"https://provenance.io/pulse/assets/fgrs\",\n    \"description\": \"Provenance Blockchain Pulse\",\n    \"timestamp\": 1785157259924\n  },\n  {\n    \"id\": \"e6AzvLOzPhy2PM7v\",\n    \"url\": \"https://x.com/provenancefdn/status/2036129732308177217\",\n    \"description\": \"Provenance Blockchain Foundation tweet\",\n    \"timestamp\": 1785157259924\n  },\n  {\n    \"id\": \"GTVqcJQ6W4K6FxVo\",\n    \"url\": \"https://www.binance.com/en/square/post/03-24-2026-figure-fgrs-304873660771441\",\n    \"description\": \"Binance News\",\n    \"timestamp\": 1785157259924\n  },\n  {\n    \"id\": \"Se2FxCQO4XbHOfvW\",\n    \"url\": \"https://www.coingecko.com/en/coins/fgrs-figure-tokenized-stock\",\n    \"description\": \"CoinGecko price monitoring\",\n    \"timestamp\": 1785157259924\n  }\n]"},{"id":"website","value":"https://www.figure.com"},{"id":"twitter_profile","value":"https://x.com/provenancefdn/status/2036129732308177217"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/figuretechnology"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/fgrs-figure-tokenized-stock"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmbXPdcNnG32uQyvvT8nv2sX6jktYMWeQw3kpRkphqUwV5\""},{"id":"commit-message","value":"\"Updated wiki content\""},{"id":"previous_cid","value":"QmbXPdcNnG32uQyvvT8nv2sX6jktYMWeQw3kpRkphqUwV5"}],"events":[{"id":"0e849e72-5362-495a-abae-36c6e608facf","date":"2026-02-01","title":"Figure Tokenized Stock Launched","type":"CREATED","description":"FGRS launched as the first SEC-registered blockchain-native stock in February 2026, enabling on-chain equity trading and settlement.","link":"https://www.coindesk.com/business/2026/02/19/figure-is-debuting-its-tokenized-stock-along-with-upsized-usd150-million-offering","continent":"NORTH AMERICA","country":"United States"}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0xacb6c5AD52b8f605299B0d774CE97F26e3DB80c2"},"language":"en","version":1,"linkedWikis":{"blockchains":["figure","figure-heloc"],"founders":["mike-cagney"],"speakers":[]},"recentActivity":"{\"items\":[{\"id\":\"8252266b-c5bb-4997-b042-0bfa814c29cd\",\"title\":\"Figure Tokenized Stock (FGRS)\",\"description\":\"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.\",\"timestamp\":\"2026-07-27T16:41:24.371Z\",\"category\":\"cryptoassets\",\"status\":{\"icon\":\"RiGlobalLine\",\"label\":\"Wiki Updated\",\"iconClassName\":\"text-green-500\"},\"user\":{\"name\":\"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889\",\"address\":\"0xacb6c5AD52b8f605299B0d774CE97F26e3DB80c2\"},\"button\":{\"label\":\"View Summary\",\"icon\":\"RiFileTextLine\"},\"summarySections\":[{\"title\":\"Lead / Introduction\",\"subtitle\":\"Intro paragraph replaced with a linkified version (internal wiki links added).\",\"variant\":\"modified\",\"changeCount\":1,\"changes\":[\"Replaced unlinked intro with a version that adds internal wiki links for 'blockchain' (https://iq.wiki/wiki/blockchain) and 'Figure Technology Solutions' (https://iq.wiki/wiki/figure); 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