In 2025, many blockchain and crypto-focused companies announced plans to go public. Some, like Circle and Bullish, are already attracting attention from traditional investors, and as the market broadens its size, there is hope of more companies filing for IPO in different nations, including the U.S, UK, UAE, and Hong Kong.
As per recent data, Figure Technology Solution, a known blockchain-based lending company, has filed for an IPO in the United States, joining the list of crypto-focused companies that are entering the market with the initial public offering.
The filing by Figure with the Securities and Exchange Commission of the United States notes that post-IPO, the company will trade on Nasdaq under the ticker ‘FIGR.’ The IPO of the lender is led by prominent names of the market, including Jefferies Financial Group, Goldman Sachs, and Bank of America.
It is worth noting that the move of several companies to go public has been influenced by the superhit IPO of Circle, the issuer of USDC stablecoin, and the crypto-friendly environment after Trump’s victory has paved new paths.
The filing by Figure Technology Solution dated August 18, 2025, notes that some of its existing shareholders will be selling shares in the offering; the move followed after it marked an uptick of 22% in revenue in 1st half of 2025 compared to 2024.
Since the beginning of this year, almost all crypto and blockchain-based companies have reported positive revenue, excluding a very few. The reported revenue of Figure Tech in the 1st half has touched $192 million with a profit of $29 million.
Companies rushing for IPO filing as the crypto market widens
Nowadays, the cryptocurrency market seems to be profitable like never before, and market watchers argue that the profitability will continue to grow, and in the near future, there are hopes of it surpassing the mark of $10 trillion.
After the presidential elections of the United States held at the end of 2024, crypto became one of the most discussed topics worldwide as many candidates rallied and talked about digital assets and blockchain-based currencies.
However, Donald Trump marked a historic victory, and since he assumed the office, he has favoured crypto by signing several executive orders and has also backed the Genius Act and the Digital Asset Market Clarity Act with the Anti-CBDC Surveillance State Act.
Not only has the race for IPO filing skyrocketed, but also the crypto and blockchain-based products have continued to gather massive funding, and most recently, 1Kosmos secured $57 million in Series B, Shrapnel gathered $19.5 million in funding, Transak raised $16 million, and USDai secured $13 million in Series A.
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