BitGo and Figure Execute First Regulated Tokenized Equity Trades on U.S. ATS

BitGo and Figure have completed what they describe as the first issuance, settlement, and trading of tokenized equity securities on Figure's SEC-registered Alternative Trading System in the U.S. The transaction used blockchain-based settlement with institutional custody to represent equity ownership on-chain, aiming to reduce clearing friction and settlement risk within a regulated market structure. The firms say the model compresses the traditional equity lifecycle by enabling near-instant reconciliation instead of multi-day clearing cycles.