Provenance blockchain-native capital marketplace Figure Technology Solutions has partnered with Moomoo, an investment and trading platform, and Keplr, a self-custodial, open-source multi-chain wallet, to improve investor access to the On-Chain Public Equity Network (OPEN).
In traditional public equity markets, centralised clearing, custodial intermediation, and batch settlement cycles are the norm. OPEN replaces these structures with a blockchain-native registry and real-time settlement framework to make T+0 settlement and 24-hour trading possible. The network supports self-settlement on a regulated alternative trading system (ATS) to remain aligned with current regulations. Such architecture allows equities to be accessed across multiple platforms while maintaining a single source of truth for ownership and settlement.
Blockchain natives
With OPEN, companies can issue their equities natively on blockchain and enable international investors to invest in US public equities while accessing decentralised finance (DeFi) for borrowing against and lending out stock.
As the first retail brokerage to integrate with OPEN, Moomoo allows investors to trade equities registered on OPEN through a regulated trading platform. Keplr is the first third-party self-custodied wallet to integrate with OPEN, and it enables the direct, self-custodied ownership of OPEN-issued equities.
Democratising access
By integrating with Moomoo and Keplr, Figure claims in a press release that it will extend the distribution of blockchain-native public equities across both regulated brokerage platforms and self-custody wallets. And as more platforms integrate with OPEN, public equities will “move closer to operating as continuously settling, digitally native instruments rather than assets constrained by legacy infrastructure”. Figure aims to offer its own stock on OPEN in the coming weeks.
Josh Lee, co-founder of Keplr says, “Replacing broker-gated market access with self-custody wallets is a huge step for the blockchain ecosystem.”
