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Figure Technology Solutions Announces Community Approved Update to Provenance Blockchain Foundation Structure
NEW YORK, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions (“Figure”, Nasdaq: FIGR), the leading blockchain-native capital marketplace for the
About this update from Figure Technology Solutions, Inc.
[{"type":"text","content":"NEW YORK, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Figure Technology Solutions (“Figure”, Nasdaq: FIGR), the leading blockchain-native capital marketplace for the origination, funding, sale and trading of on-chain private credit and tokenized real-world assets (RWAs), today announced that it will be taking on the responsibility of executing the community directives for the Provenance Blockchain Foundation. Figure proposed this change to the Provenance Blockchain community in late December, and on January 14, 2026, the community voted to support Figure’s proposal. Figure will be serving in this role at the will of the community. Figure utilizes the Provenance Blockchain for its digital asset ecosystem of products, making the protocol the largest public blockchain in the RWA space. With the support from the community, Figure will execute to strengthen the tokenomics of the Provenance Blockchain utility token, HASH. Such strengthening ensures protocol validators and delegators are sufficiently compensated for their role in keeping the blockchain decentralized and participating in governance of the protocol. June Ou will continue as the Director of the Foundation, bolstered by Figure resources. “The decentralized nature of Provenance Blockchain is core to our operating model,” said Michael Tannenbaum, Figure’s CEO. “With the community’s support, we are best positioned to augment the Foundation leadership team in not just supporting the existing protocol, but also driving incremental third party adoption of the Provenance ecosystem beyond Figure.” The structure is intended to strengthen the long-term sustainability, governance clarity, and alignment of the Provenance Blockchain ecosystem as it enters its next phase of growth, while preserving decentralized control through on-chain governance by HASH token holders.Under the new structure: Figure will provide operational, technical, and administrative resources to support the Foundation’s activities, including protocol development and ecosystem initiatives.Figure will work with the Foundation to institute a revised tokenomics model that introduces network fees to realize the value of using the Provenance Blockchain.The Foundation will continue to operate as an independent entity, with governance decisions subject to on-chain approval by HASH token holders.Figure and the Foundation will abstai...