Provenance Blockchain

HASH is the native token of Provenance Blockchain, a public proof-of-stake Layer 1 built with the Cosmos SDK. The network launched in 2018 with a specific focus on financial services, and it has become one of the more heavily used chains for real-world financial assets rather than for consumer applications.

Provenance is closely associated with Figure Technologies, which has originated substantial volumes of home equity lines of credit and other loans on the chain. That gives the network something unusual in the sector: a large volume of genuine regulated financial activity settling on chain rather than pilot programs.

What the chain does

The network is designed for the full lifecycle of a financial asset: origination, servicing, securitization, and secondary trading, all recorded on the same ledger. In conventional finance these stages sit in separate systems maintained by different institutions, and reconciling them is a large part of the cost. Putting them on a shared ledger removes much of that reconciliation work.

The chain also hosts other Figure products including the YLDS stablecoin and FGRS, a tokenized common stock, both of which are registered securities issued natively on Provenance.

Consensus and supply

Provenance uses delegated proof of stake, where validators produce blocks and holders delegate HASH to them for a share of rewards. HASH has a maximum supply of 100 billion tokens, with total supply at roughly 94.98 billion and circulating supply around 56.4 billion, meaning a significant share remains locked or reserved.

HASH is used for staking, transaction fees, and governance over the network's parameters and upgrades.