Blockchain Giant Figure Stealthily Files for US IPO—Crypto’s Public Market Onslaught Continues

Crypto's quiet disruptor just made a power move. Figure, the blockchain-based financial services firm, has confidentially filed for a US IPO—joining the growing stampede of digital asset players charging into public markets.

Wall Street braces for another crypto contender

No pricing details yet, but the filing signals Figure's ready to play with the big boys. The company's been building blockchain infrastructure for loans, payments, and private equity—now it's betting public investors will buy the hype (and the stock).

Another day, another crypto firm trading decentralization for SEC scrutiny

The IPO rush proves crypto's growing up—or selling out, depending who you ask. Either way, Figure's move shows blockchain firms still crave that sweet, sweet institutional validation. Just don't mention how public markets tend to… adjust valuations when crypto winter hits.

Figure becomes latest to join crypto firm IPO queue

Figure becomes the latest crypto-related firm to jump on the IPO bandwagon following Circle’s IPO which went viral for generating significant interest. This shift in public listings also indicates that crypto firms are coming out of hiding and making the most out of the opportunity presented by the Trump administration’s open support for the crypto industry.

On June 6, Circle (USDC) made its debut on the stock market with a price that surged 120% from its initial offering.

In fact, Circle increased the deal and began offering 34 million shares at $31 each, raising about $1.1 billion. The company was valued at $6.8 billion before trading even began.

Around the same time as Figure, Peter Thiel-backed exchange Bullish has also filed for an IPO with the SEC. The exchange is targeting a valuation of up to $4.23 billion in its United States listing, according to crypto.news’ report.

In mid-July, the digital asset custodian BitGo confidentially submitted a draft registration statement on Form S-1 to the Securities and Exchange Commission for a proposed IPO of its Class A common stock.

Other firms which have recently filed to list publicly include Grayscale and the Winklevoss’ Gemini among others.