🚀 Figure’s IPO Filing: Blockchain Loans Pioneer Eyes Public Markets with Confidential SEC Submission

Wall Street's about to get a crash course in DeFi—whether it's ready or not.

When TradFi meets blockchain: Figure Technologies, the fintech shaking up home equity loans with its blockchain platform, just dropped a confidential S-1 filing with the SEC. No details disclosed yet, but insiders whisper this could be the first major public offering from the crypto-collateralized lending space.

Why it matters: The company's Provenance blockchain has already processed over $8 billion in loans—proving there's appetite for transparent, on-chain lending (and that banks still haven't figured out how to compete). Now they're betting public investors will buy the hype—literally.

The cynical take: Nothing says 'mature industry' like rushing to IPO during a crypto bull run. At least this time the underlying assets might actually exist.