In a bold move that underscores the transformative potential of blockchain technology within the financial sector, Figure Technology Solutions, Inc. has recently announced the launch of FGRD, the first SEC-registered on-chain public stock. This groundbreaking development not only highlights the company’s innovative approach but also signals a significant shift in how financial instruments can be integrated with blockchain technology.
Founded in 2018 and based in Reno, Nevada, Figure Technology Solutions, Inc. has rapidly evolved from its origins as FT Intermediate, Inc., to become a pivotal player in the financial technology landscape. The company’s strategic pivot in August 2025, marked by its rebranding to Figure Technology Solutions, Inc., was a clear indication of its commitment to leading the charge in blockchain-based financial solutions.
At the heart of Figure’s offerings is a suite of blockchain-based solutions tailored for lending, trading, and investing activities, with a particular focus on consumer credit and digital assets. The company’s technology-enabled loan origination system, coupled with Figure Connect, its distribution marketplace, provides unparalleled access to a vast pool of capital markets partners. Furthermore, Figure’s development of an exchange for digital assets and credit, featuring interest-bearing stablecoin deposits, positions it at the forefront of the digital finance revolution.
The recent launch of FGRD is a testament to Figure’s innovative prowess and its ability to navigate the complex regulatory landscape. By achieving SEC registration for an on-chain public stock, Figure not only demonstrates the viability of blockchain technology in mainstream financial markets but also sets a precedent for future endeavors in this space.
Financially, Figure Technology Solutions, Inc. presents a compelling narrative. With a market capitalization of $6.28 billion and a recent closing price of $29.12, the company’s stock performance over the past year has been noteworthy. The stock reached a 52-week high of $78.00 on January 19, 2026, showcasing investor confidence in Figure’s strategic direction and technological innovations. However, the stock also experienced a dip to its 52-week low of $29.02 on February 19, 2026, reflecting the volatile nature of the tech and financial sectors.
The company’s price-to-earnings ratio of 139.69, while high, is indicative of the market’s expectations for future growth and profitability. This ratio, coupled with a price-to-book ratio of 6.47, underscores the premium investors are willing to pay for a stake in Figure’s future.
In conclusion, Figure Technology Solutions, Inc.’s launch of FGRD, the first SEC-registered on-chain public stock, is a landmark achievement that not only cements its position as a leader in blockchain-based financial solutions but also challenges the traditional paradigms of financial markets. As Figure continues to innovate and expand its suite of products and services, it stands as a beacon of the transformative potential of blockchain technology in the financial sector. The company’s journey from its inception to its current status is a compelling narrative of innovation, strategic foresight, and the relentless pursuit of redefining the boundaries of financial technology.
