Figure Technology Files for Nasdaq IPO Amid Crypto Market Resurgence

Figure Technology, a New York-based blockchain financial services firm, has filed for a Nasdaq listing under the ticker "FIGR" after reporting a 22.4% revenue surge to $191 million in the first half of 2025. The company's pivot to profitability—with $29 million in net income versus a $13 million loss in 2024—signals growing institutional adoption of asset tokenization.

Goldman Sachs, Jefferies, and Bank of America will underwrite the offering, which highlights Figure's $16 billion in originated home equity loans since 2018. The filing emphasizes how blockchain infrastructure introduces liquidity to traditionally illiquid markets through loan tokenization.

This IPO joins a wave of public market debuts by crypto-adjacent firms, including Circle's landmark offering in January and Gemini's recent filing. The trend persists despite macroeconomic volatility, demonstrating sustained investor confidence in blockchain-based financial infrastructure.