Figure Technology Solutions, Inc.

Figure Technology Solutions (FIGR), the blockchain lending company led by ex-SoFi CEO Mike Cagney, issues FGRD as a tokenized class of its own stock on its own 'Onchain Public Equity Network' (OPEN) — issued, traded and settled entirely on-chain without relying on traditional clearing/custody systems (T+1 settlement, provenance blockchain infrastructure). This is genuine issuer-sponsored tokenization, not a custodian-led third-party wrapper.

Self-custodied — a structurally different model from every other issuer researched. FGRD trades on Figure's non-custodial ATS and settles directly to self-custody user wallets; no traditional custodian or clearing firm holds the shares on a holder's behalf. Confirmed directly via Figure's own SEC filing (a Free Writing Prospectus).

Real, direct on-chain voting rights — not a limited pass-through. Figure's own SEC filing states shareholders can vote securely and transparently without intermediaries like proxy firms, using the blockchain itself as the single source of truth for ownership and voting.

Not redeemable in the traditional sense. Instead, holders may convert Blockchain Stock into regular Class A common stock on a one-for-one basis via Figure's Treasury — confirmed directly via Figure's own SEC filing, which also notes holders can borrow against or lend the Blockchain Stock.

Holders are entitled to receive dividends and other distributions out of legally available funds, if and when the board of directors declares them for Class A common stock — the same dividend rights as regular stock, per secondary reporting. Not explicitly confirmed in the specific SEC filing checked in this pass.

Provenance Blockchain — Figure's own chain, via its 'Onchain Public Equity Network' (OPEN). Not a general-purpose chain like Ethereum/Arbitrum/Base.