Svmuu News: Blockchain lending firm Figure Technology Solutions has launched a new on-chain stock lending platform designed to reduce intermediaries in traditional stock lending. Reportedly named the On-Chain Public Equity Network (OPEN), the platform supports the issuance of stocks on the blockchain and direct stock lending without the involvement of traditional intermediaries, and will allow companies to issue equity on Figure’s Provenance blockchain. Unlike many tokenization efforts, OPEN’s blockchain stocks are not synthetic versions of publicly traded shares but represent actual equity ownership, which shareholders can lend or pledge as collateral. (Bloomberg)