đ Figure Technology Joins 2025âs Crypto IPO Gold Rush with Confidential SEC Filing
Blockchain lending pioneer Figure Technology Solutions has officially filed for a confidential IPO with the SEC, eyeing a 2025 public debutâjoining a wave of crypto firms racing to tap into traditional markets.
Why This Matters
đ° Institutional Validation: Figureâs move signals growing confidence in blockchainâs role in mainstream finance, following Circleâs $6.9B NYSE debut and filings from Grayscale & Bullish.
đ Explosive Growth: The firm has processed $30B+ in on-chain loans and tokenized real-world assets (RWAs) via its Provenance Blockchain, targeting home equity and securities markets.
đ ď¸ Hybrid Finance Play: Merging decentralized tech with traditional lending, Figure aims to disrupt legacy systemsâbacked by heavyweights like Apollo Global and Ribbit Capital.
The Bigger Trend
Circleâs success (500% stock surge post-IPO) has ignited a 2025 crypto IPO frenzy, with Figure, Bullish ($4.2B target), and BitGo in the pipeline.
Regulatory Strategy: Filing under SEC Rule 135, Figure keeps pricing/shares undisclosedâa tactical move to gauge investor appetite without market overreaction.
Whatâs Next?
IPO Details: Expected in late 2025, pending SEC review. Goldman Sachs and JPMorgan are reportedly advising.
Sector Impact: A successful debut could accelerate RWA tokenization and legitimize blockchainâs role in traditional finance.
đĽ Bottom Line: Figureâs IPO isnât just about raising capitalâitâs a litmus test for cryptoâs integration into Wall Street. Buckle up for a landmark year in blockchain finance.
