Blockchain lending company Figure Technologies has submitted an IPO application to the U.S. Securities and Exchange Commission and will list on Nasdaq under the ticker 'FIGR'.
Goldman Sachs, Bank of America, and Jefferies Financial Group will be responsible for this IPO, and some existing shareholders will sell shares in this offering.
Figure announced last month that it had secretly submitted an IPO application. The company reported a 22% increase in revenue in the first half of 2025, reaching nearly $191 million, and achieved a profit of $29 million.
Figure's valuation is $3.2 billion
Figure, founded in 2018 by Mike Cagney, focuses on asset tokenization and the fintech sector.
The company raised $200 million in Series D funding in 2021, with a valuation reaching $3.2 billion at that time.
The company has issued over $16 billion in blockchain loans, with completed on-chain transactions exceeding $50 billion.
Co-founder Cagney stated that blockchain technology can bring liquidity to traditional illiquid assets and simplify complex financial markets.
The recent surge of U.S. cryptocurrency companies going public
Recently, several cryptocurrency companies have gone public in the U.S., such as the cryptocurrency exchange Bullish, which listed on the New York Stock Exchange with a stock price increase of over 200%.
Gemini has recently applied for an IPO, preparing to go public alongside BitGo and Grayscale, while Kraken may go public this year.