CoinVoice has learned that blockchain lending company Figure Technology Solutions has launched a new on-chain stock and lending platform aimed at reducing intermediaries in traditional stock lending. The platform is called the On-Chain Public Equity Network (OPEN), which supports issuing stocks on the blockchain and directly conducting stock loans without traditional intermediaries. It will also allow companies to issue equity on Figure's Provenance blockchain. Unlike many tokenization efforts, OPEN's blockchain stocks are not synthetic versions of listed stocks but represent actual equity ownership, allowing shareholders to lend or collateralize these equities.