OpenWorld Ltd., a blockchain innovation company, announced an agreement with Figure Technology Solutions Inc. (NASDAQ: FIGR) to tokenize OpenWorld's equity securities on Figure's Onchain Public Equity Network (OPEN) in connection with OpenWorld's proposed NASDAQ listing.

The agreement follows OpenWorld's previously announced proposed merger with VerifyMe Inc. (NASDAQ: VRME) as the company advances toward becoming a publicly traded entity. OpenWorld also plans to use Figure Forge to bring its private credit assets onchain into Figure's Democratized Prime marketplace.

"This agreement with Figure positions OpenWorld at a critical moment in the evolution of real-world asset tokenization," said Matt Shaw, co-founder and CEO of OpenWorld. "Tokenizing our equity on Figure's OPEN network demonstrates to our institutional partners that we are willing to go first."

Figure's OPEN platform allows investors to own blockchain shares directly and lend holdings to earn yield while cross-collateralizing crypto and equities. The platform offers real-time settlement, lower costs, and blockchain infrastructure built for a regulated environment.

"Investors have long had no real say in how their equity works for them, but OPEN changes that," said Mike Cagney, executive chairman of Figure. "By having the ability to issue alongside NASDAQ, companies like OpenWorld would be able to give investors a genuine choice."

Founded in 2023, OpenWorld has advised on projects representing over $65 billion in aggregate network value and supported more than 20 companies. Figure and its partners have originated over $24 billion of home equity loans to date, making Figure's ecosystem among the largest non-bank providers of home equity lines of credit.

The information is based on a press release statement from OpenWorld.