2026-01-15 01:43:28

Figure has just launched the OPEN platform, enabling native on-chain stock trading functionality. This achievement is supported by BitGo and Jump Trading, both industry heavyweight players. More notably, this system bypasses the traditional DTCC clearing mechanism.

Even more impressive, Figure has become the first company to list stocks on Provenance Blockchain. What does this mean? Stock trading is officially moving on-chain, breaking the monopoly of traditional financial infrastructure. From DEX to on-chain futures, and now to stock trading, blockchain is gradually encroaching on the territory of traditional finance.

Although Provenance Blockchain is not as well-known as Ethereum or Solana, this move by Figure undoubtedly brings it increased attention. Will it become the mainstream platform for on-chain stock trading? We’ll keep watching.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

21 Likes

Reward
21
10
Repost
Share

Comment

0/400

SerLiquidated

· 01-17 22:58

Bypassing DTCC? This is the real killer move. The fortress of traditional finance is beginning to crumble.

View OriginalReply0

AllInDaddy

· 01-16 13:36

Bypassing DTCC? This is the real revolution, finally someone dares to challenge the traditional financial cake. Can Provenance Blockchain become popular? The methods shown in the figure are indeed ruthless, but it still depends on the actual trading volume. The involvement of BitGo and Jump Trading is definitely a signal, but I still want to see how the SEC will respond. On-chain stocks will come sooner or later, just didn't expect someone to jump on board so quickly. Provenance suddenly being pushed up feels like a turnaround opportunity, but whether it can make a real impact depends on subsequent developments. It sounds impressive, but whether it can really take down DTCC is the real question.

View OriginalReply0

ConsensusDissenter

· 01-16 05:31

Bypassing DTCC? Now traditional finance should be worried, but can Provenance handle this wave... --- Both BitGo and Jump have placed bets, indicating this matter needs to be taken seriously --- If on-chain stock trading really takes off, how many regulatory issues would need to be addressed? --- Can small chains like Provenance become mainstream? I’m skeptical, but Figure’s move definitely dares to try --- We've heard the talk about breaking monopolies too many times, but ultimately it depends on trading volume and liquidity --- Wait, can this really bypass DTCC? That seems a bit too optimistic --- From DEX to now, blockchain has been gradually encroaching, but stocks are different; regulation will be very strict

View OriginalReply0

TokenUnlocker

· 01-15 10:17

Bypassing DTCC? This guy really dares to do it. Get ready to be targeted.

View OriginalReply0

SchrodingerGas

· 01-15 02:13

Circumventing DTCC? Sounds sexy, but who bears the settlement risk? On-chain evidence requires on-chain settlement to work. --- Jump Trading's endorsement is indeed heavy, but the question is where does the liquidity come from... Can this really move the trillion-dollar stock market? --- I need to look into the name Provenance... Isn't it just another "Ethereum killer"? We've seen too many of those. --- On-chain stocks ≠ breaking monopolies. Still, we have to ask how the SEC feels... Legal costs are the real gas wars. --- Exactly, from DEX to stocks, blockchain is indeed encroaching. But can the pace of encroachment keep up with regulation? I remain skeptical. --- BitGo is reliable, but on-chain custody and clearing are two different things. Details determine success or failure, everyone. --- Being the first isn't the best solution. The market needs multi-chain competition to produce true winners. Provenance's name alone isn't enough. --- Basically, it's about seizing land in the arbitrage space and regulatory vacuum. Once rules are established, it will be another scene altogether.

View OriginalReply0

FortuneTeller42

· 01-15 02:11

Bypassing DTCC? If this really takes off, Wall Street will be furious. Traditional finance is indeed having a tough time, but I still need to see if Provenance can ride this wave of popularity. Figure's move is quite aggressive, with solid backing from BitGo and Jump Trading. Stock tokenization is really here; it doesn't feel so far away anymore. Can Provenance turn things around? That's the question.

View OriginalReply0

Hash_Bandit

· 01-15 02:09

ngl, bypassing DTCC feels like we're finally seeing the difficulty adjustment happen in tradfi itself... provenance catching heat tho? sure, but remeber when everyone dismissed litecoin before the halvings kicked in

Reply0

MemeCoinSavant

· 01-15 02:00

ngl this DTCC bypass thing is just regulatory theater waiting to happen lmao

Reply0

TokenRationEater

· 01-15 01:55

Bypassing DTCC? This is the key, finally someone dares to challenge the traditional finance establishment. --- Backed by BitGo and Jump Trading, this combination has potential, but whether Provenance can withstand the pressure remains to be seen. --- On-chain stocks are here, traditional brokers should be panicking, haha. --- Wait, can this really settle? Or is it just another round of hype? --- Provenance is quietly developing, and this time it might really turn things around.

View OriginalReply0

DuskSurfer

· 01-15 01:52

Bypassing DTCC? This is the real big news, the traditional clearing system is finally about to move. Figure's move is indeed ruthless, endorsed by BitGo and Jump Trading. Can Provenance turn things around? On-chain stock trading is really coming, it feels like small tokens are about to take off. This time it's not just hype; there are big players backing it. Can Provenance hold up? It still depends on how the subsequent experience turns out. Breaking the monopoly sounds good, but the real test is just beginning.

View OriginalReply0