Figure Technology, a blockchain-based financial services company, plans a second public offering to issue native equity on the Solana blockchain. The move aims to expand DeFi use cases. Equity will not trade on traditional exchanges but on Figure’s decentralized exchange. This allows for tokenization and use in DeFi protocols.

Solana is becoming a hub for tokenized assets, challenging Ethereum’s dominance. With high speed and throughput, Solana is favored for stablecoins and tokenization. Research identifies Solana as a high-performance player in the tokenized US Treasury market. Wall Street interest is expected to shift towards blockchains with fast transaction finality.

Read more at CoinTelegraph: Figure Targets Solana for Onchain Equity With Second IPO Filing