Blockchain Lender Figure Technologies Charges Toward IPO as Tokenization Sector Hits Maturity Milestone
Wall Street's latest fintech contender just fired up the IPO engines—and this one runs on blockchain.
Tokenization Grows Up
Figure Technologies, the lending platform that's been turning real-world assets into digital tokens since 2018, confirms it's preparing for a public listing. No tentative dates yet, but insiders say the move signals the sector's evolution from experimental to institutional.
The company's been quietly building a war chest through strategic partnerships and regulatory approvals while traditional lenders still struggle with paper-based processes. Their proprietary blockchain platform has originated over $8 billion in loans—all while cutting settlement times from weeks to minutes.
Tokenization's proving it's more than crypto-bro hype—it's actually solving finance's ancient inefficiencies. Though let's be honest: nothing makes bankers embrace innovation faster than seeing someone else get rich first.
As one VC put it: 'They're not just launching an IPO—they're tokenizing Wall Street's playbook.'
More IPOs on the horizon?
You won’t have had to look far for news of major blockchain firms seeking public capital for the first time in recent months. crypto exchange Gemini, one of the world’s largest exchanges, made its IPO plans public last week.
Meanwhile, crypto exchange Bullish made its debut on the New York Stock Exchange last week. Crypto firms like OKX, Grayscale, and Kraken have also all announced their IPO ambitions during 2025.
Otychenko told Decrypt that the current IPO trend in crypto likely “isn’t a one-off” and investors should expect more of these moves in 2025, amid greater U.S. regulatory clarity.
