BitGo and Figure complete first tokenized equity trades on blockchain

BitGo Holdings Inc. (NYSE: BTGO) and Figure Technology Solutions Inc. (NASDAQ: FIGR) completed the first blockchain-native equity trades on Figure's Alternative Trading System, according to a press release statement.

The trades occurred within Figure's Onchain Public Equity Network (OPEN), which launched in February 2026. OPEN operates as a regulated electronic trading venue on the Provenance Blockchain through the Figure ATS.

BitGo Bank & Trust N.A. serves as qualified custodian for OPEN, providing regulated custody within the trading framework. The system enables companies to issue and trade equity directly on blockchain infrastructure, combining issuance, trading, and settlement in a single on-chain environment.

The completed transactions demonstrate real-time settlement within a regulated framework, with trade records published on-chain. The model maintains separation between custody and execution functions.

"Our partnership with Figure moves the industry in that direction with BitGo operating as the independent trust layer to reduce risk, increase transparency and instill confidence in continuous markets," said Mike Belshe, CEO of BitGo.

Mike Cagney, Figure's Executive Chairman, stated that the partnership "brings qualified custody and institutional-grade controls to the OPEN on-chain public equity network, making it easier for regulated participants to engage with blockchain-native equities."

Figure operates as a blockchain-native capital marketplace and has originated over $22 billion in home equity financing through its ecosystem. The company's Figure Securities Inc. subsidiary operates the ATS as a FINRA/SIPC member.

The integration creates a framework for broker-dealers and asset managers seeking exposure to blockchain-native equity products within existing regulatory standards.

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