Catenaa, Saturday, January 31, 2026- Figure Technology Solutions has taken on a more direct operational role supporting the Provenance Blockchain Foundation, formalizing its involvement in the Layer 1 network while leaving governance authority with the community.
Under the updated structure, Figure will provide technical, operational and administrative support to the foundation, according to the company. Governance will continue to rest with HASH token holders through onchain voting, with Figure abstaining from votes linked to foundation-controlled tokens.
The Provenance Blockchain Foundation will remain an independent entity, with June Ou continuing as director.
The move is designed to strengthen support for the network as Figure expands its onchain credit and equity businesses built on Provenance.
Company executives said the arrangement preserves decentralization while allowing additional resources to be deployed at the direction of the community.
The updated structure is expected to lead to changes in HASH token economics. Planned revisions include introducing network fees to compensate validators and delegators, shifting incentives away from reliance on token issuance and toward usage-based economics.
Figure executives have said the change is intended to support longer-term sustainability for the network.
Figure holds about 25 percent of the outstanding HASH supply but said the governance update is not expected to result in material additional operating costs.
The announcement follows Figure’s recent launch of its On-Chain Public Equity Network, which is designed to issue and trade equities directly on Provenance rather than as tokenized versions of traditional shares.
The firm has said it plans to be the first issuer on the platform, with blockchain-native shares exchangeable with its Nasdaq-listed stock.
Provenance already underpins Figure’s onchain private credit marketplace and broader real-world asset efforts, which analysts view as a core revenue driver.
Figure Technology Solutions will provide operational support to the Provenance Blockchain Foundation while governance remains with HASH token holders under a community-led structure.
