Figure is debuting its tokenized stock along with upsized $150 million offering

The FGRD token represents common shares of the company issued natively onchain with instant settlement and built-in lending tools. What to know : Figure will issue Thursday a tokenized version of its stock directly on blockchain rails, bypassing legacy clearing systems. Stock token holders will be able to lend or borrow through Figure's DeFi market. The listing comes amid Figure's $150 million secondary share offering, with Pantera Capital among participants.