Project Progress

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On-Chain Identity Protocol Phi Shuts Down on May 25

According to PANews, on-chain identity protocol Phi announced on May 4 that it will shut down its platform phi.box and related services on May 25, 2026. Users must complete reward claims, unstake assets, and organize NFTs before the deadline. The governance token $PHI will remain on-chain and
AERO-6.73%
ENS0.54%
GateNews·05-04 06:49
On-Chain Identity Protocol Phi Shuts Down on May 25

Figure Cagney: Turn the blockchain into a new pipeline for Wall Street, tokenized stocks on-chain with the FGRD token

Figure Technology Solutions’ Mike Cagney is turning blockchain into a new pipeline for Wall Street. Recently, in a single month, loan origination and matching topped $1 billion, becoming a key milestone in driving disintermediation. Figure’s on-chain products cover tokenization of real-world assets, loan matching, and equity issuance, and in early May it went further by directly putting its own stock, FGRD, on-chain. Bernstein views FIGR as a top pick for 2026, believing that growth in the tokenization market will exceed expectations; next, it will watch FGRD liquidity and regulatory developments.
ChainNewsAbmedia·05-03 14:38
Figure Cagney: Turn the blockchain into a new pipeline for Wall Street, tokenized stocks on-chain with the FGRD token