A new thing has appeared in the US stock IPO market—the world's first tokenized security IPO (chain-to-stock IPO). Figure Technology (FGRD-YLDS) is officially live, and users with accounts on Futu US can also subscribe. However, based on user feedback, the subscription currently only supports 5x23 instead of 7x24, and there have been issues where normal holdings couldn't be sold, leading to losses. Even the main stock got dragged down into a spiral of self-destruction.