š¤Æ WALL STREET GOES DEFI! Figure Technology Files 'Second IPO' to Mint Equity on Solana! š
MASSIVE REGULATORY NEWS! Figure Technology, the blockchain-based finance giant (already Nasdaq-listed), has filed a groundbreaking "second public offering" with the SECābut this time, they are issuing native company equity directly on the Solana blockchain! š¤Æ
This is a true paradigm shift in Real-World Asset (RWA) tokenization:
The Solana Integration: The End of Brokers?
Blockchain-Native Equity: This new class of equity will NOT trade on traditional exchanges like Nasdaq or NYSE.
Decentralized Trading: Instead, it will be issued and traded natively on-chain via Figureās alternative trading system (ATS), essentially functioning as a decentralized exchange (DEX).
DeFi Utility Unlocked: Executive Chairman Mike Cagney
confirmed the goal: allowing investors to take this tokenized
security into DeFi protocols where it can be borrowed against or lent out! š°
Why Solana is Winning the RWA Race:
High Performance: Bitwise CIO Matt Hougan noted that the financial industry is shifting preference towards networks that offer high speed, throughput, and fast transaction finalityāall areas where Solana ($SOL ) holds a massive advantage.
Beyond Figure: Figure's broader goal is to support native equity issuance for other companies directly within the Solana ecosystem, cementing $SOL as the leading platform for corporate tokenization.
This filing is a clear declaration that Wall Street is choosing high-speed blockchains to modernize its core functions. The days of T+2 settlement and centralized brokers are numbered! ā³
Will this move make Solana the ultimate capital markets blockchain over the next five years? š