Figure Technology Completes First Fully On-Chain Equity Trade, Enables 24/7 Trading
Figure Technology Solutions completed the world’s first fully on-chain equity trade on February 20, executing issuance, trading and settlement on its newly launched Onchain Public Equity Network ATS. BitGo acted as regulated custodian, enabling 24/7 compliant trading, eliminating intermediaries and promising lower costs and faster settlements.
1. World’s First On-Chain Equity Trade
Figure Technology Solutions executed the world’s first fully on-chain equity trade on February 20, issuing shares, trading and settling on blockchain via its new Onchain Public Equity Network ATS. This landmark transaction removes traditional intermediaries and validates blockchain for public equity markets.
2. Onchain Public Equity Network ATS Launch
The Onchain Public Equity Network ATS is a regulated alternative trading system launched in February 2026, designed to tokenize public equities and enable 24/7 trading. It leverages proprietary blockchain architecture to support continuous, compliant trading and settlement.
3. BitGo Custody Role and Compliance
BitGo Holdings served as the regulated custodian, segregating asset custody from trading operations to maintain risk controls akin to traditional finance. This structure ensures secure asset holding and compliance with US regulations throughout the process.
4. Implications for Trading Efficiency
By cutting out middlemen and enabling real-time settlement, the on-chain trade is poised to reduce transaction costs and increase market efficiency. Adoption of this model could pressure traditional exchanges and lower fees for issuers and investors.