Figure Launches Stock Tokenization Platform with BitGo & Jump Backing

Financial technology company Figure Technologies has entered the competitive stock tokenization sector with the launch of its new trading platform. The initiative is backed by major industry players, including digital asset custodian BitGo and trading firm Jump Crypto. This move aims to leverage blockchain technology to offer tokenized versions of equities and other securities, providing enhanced liquidity and accessibility for investors. The platform represents a significant step in the convergence of traditional finance and decentralized finance (DeFi), as more institutions explore asset tokenization. Figure's entry intensifies the race to modernize securities trading using distributed ledger technology.