Blockchain-Based Loans Firm Figure Files Confidential Submission for IPO
Figure Technology Solutions has confidentially filed with the SEC for a public offering, joining a wave of digital asset firms capitalizing on favorable market conditions and regulatory tailwinds under the TRUMP administration. The move follows Circle's explosive Nasdaq debut earlier this year, where shares surged from $30 to $300 post-IPO.
Founded by ex-SoFi CEO Mike Cagney, Figure has emerged as a key player in the real-world asset tokenization space. Its Provenance Blockchain has facilitated over $16 billion in home equity lines of credit. The company recently merged with Figure Markets, expanding its blockchain-based financial ecosystem that includes a yield-bearing stablecoin operating as a tokenized money market fund.