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Figure Technology Solutions Targets $526 Million IPO with Blockchain-Driven Asset Tokenization
Figure Technology Solutions Targets $526 Million IPO with Blockchain-Driven Asset Tokenization
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BTCCSquare news:
Figure Technology Solutions Inc., founded by ex-SoFi CEO Mike Cagney, filed for an IPO aiming to raise $526 million. The company plans to offer 21.5 million shares at $18-$20 apiece, with an additional 4.9 million shares sold by investors. At the top range, the offering WOULD hit its target, underscoring institutional confidence in its blockchain-based real-world asset tokenization model.
The firm's Provenance blockchain digitizes mortgages, home equity lines, and debt instruments, promising faster settlements and lower costs. This MOVE capitalizes on growing demand for blockchain infrastructure in traditional finance, mirroring broader institutional adoption trends.
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