Figure Launches Tokenized Stock with $150M Upsized Offering

Financial technology company Figure is making a significant move in the digital asset space by launching its tokenized common stock. This debut coincides with the company's announcement of an upsized funding round, now targeting $150 million. The initiative leverages blockchain technology, specifically the Provenance Blockchain, to issue and manage the equity token. This step is seen as a pivotal development in bridging traditional finance with decentralized systems, offering new avenues for investment and liquidity. The increased offering size reflects strong investor confidence in Figure's model and the growing tokenization sector.