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Wall Street Diverges on Figure’s Blockchain Lending Prospects Post-IPO
Wall Street Diverges on Figure’s Blockchain Lending Prospects Post-IPO
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BTCCSquare news:
Figure's public market debut has drawn conflicting analyst assessments, with KBW initiating coverage at $48.50 (17.5% upside) while Bernstein projects $54, framing the fintech as the stablecoin equivalent for lending markets. The Mike Cagney-led firm commands 73% of tokenized private credit and 39% of all tokenized real-world assets, per KBW estimates.
Since its September IPO, Figure's vertically integrated platform—combining HELOC origination, distribution, and digital asset trading—has gained 12%. Analysts see untapped potential in expanding its blockchain infrastructure to mortgages, personal loans, and third-party asset tokenization through tools like Figure Exchange.
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