Figure
Figure announced the OPEN Network and said it will list the first native blockchain equity, with support from custody provider BitGo and trading firm Jump Trading.
Figure Technology has filed a second IPO to issue its equity directly on the Solana blockchain, marking another push toward tokenized securities. The filing, announced Dec. 13, 2025, could deepen on-chain capital markets if regulators sign off.
Figure shares climbed 15% after billionaire Stanley Druckenmiller disclosed a $77 million stake, prompting analysts to raise targets on optimism about its capital-light HELOC platform and stablecoin push.
Figure will launch $YLDS, a public debt security on Solana that backs yields with US Treasuries. The product aims to bridge traditional fixed income with DeFi rails and could draw institutional interest.
Bitcoin reached an all-time high of $126,198 on October 6, 2025, during a U.S. government shutdown. Meanwhile, blockchain lender Figure attracted its first analyst coverage post-IPO. This surge highlights growing interest in crypto assets during uncertain economic times.