Figure Technology Solutions Inc., a company that runs a blockchain-based lending and trading platform, has filed for an IPO with the U.S. Securities and Exchange Commission. It plans to list on the Nasdaq under the ticker “FIGR.”

The New York–based company said its revenue grew 22.4% year over year to $191 million in the first half of 2025. It also made a net profit of $29 million, compared to a $13 million loss during the same time in 2024. Both Figure and some of its current investors will sell shares in the IPO.

Founded in 2018 by fintech entrepreneur Mike Cagney, Figure has issued more than $16 billion in home-equity loans using its blockchain system. Goldman Sachs, Jefferies, and Bank of America are managing the IPO, which comes as more crypto-related companies are moving to go public.

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