As of July 16, 2025, the blockchain lending platform Figure Technology Solutions announced plans to conduct an initial public offering (IPO) this fall, aiming to raise up to $10 billion. The company, which offers blockchain-based mortgage loans and operates a cryptocurrency exchange, will benefit from a more cryptocurrency-friendly policy from the White House and growing investor interest. Founder Mike Cagney noted that a 50% increase in the loan portfolio to $5.1 billion last year and partnerships with Credit Karma and Guaranteed Rate were key factors. A previous attempt at an IPO under the Biden administration failed due to regulatory hurdles, but current conditions appear favorable following the successful placement of Circle.
Figure uses blockchain to optimize auditing and reduce costs, as well as expanding the business with cryptocurrency loans. Experts predict that the IPO could value the company at $10 billion if the market maintains stability. Negotiations with investors such as BlackRock and SoftBank are already underway. This move could be a turning point for the crypto industry, demonstrating its integration into traditional finance.
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