Blockchain lending platform Figure Technology Solutions has officially filed for an IPO in the United States, adding its name to a growing list of crypto-focused companies seeking to tap public markets. The New York-based company confirmed in a filing with the Securities and Exchange Commission (SEC) on Monday that it intends to list on the Nasdaq under the ticker symbol FIGR. The IPO will be led by Goldman Sachs, Bank of America, and Jefferies Financial Group, with some existing shareholders set to sell shares in the offering. Figure’s move follows its earlier confidential filing this month and comes at a time when several digital asset firms are pursuing public debuts. The trend has gained momentum under the current administration, viewed by many as friendlier to the industry. Stablecoin issuer Circle Internet Group recently made waves with its blockbuster IPO, signaling growing investor appetite for blockchain-linked companies. Figure’s Growth and Market Position The filing also came on the back of strong financial results. For the first half of 2025, Figure reported revenues of nearly $191 million, representing a more than 22% increase from the previous year. The company posted a profit of $29 million, a sharp turnaround from the $13 million loss it recorded during the same period last year. Founded in 2018 by Mike Cagney, who also co-founded SoFi and created the Provenance blockchain, Figure has quickly grown into one of the leading platforms in blockchain-based finance. Its services include lending, trading, and asset tokenization, all powered by Provenance. In its IPO filing, Figure highlighted that it has originated over $16 billion in blockchain-based loans and facilitated more than $50 billion worth of on-chain transactions. The company was previously valued at $3.2 billion during a 2021 Series D funding round that raised $200 million. Wave of Crypto IPO Filings Continues Cagney emphasized the transformative role blockchain can play in financial markets, stating that by placing historically illiquid assets such as loans on-chain, liquidity and transparency can be introduced at scale. He argued that blockchain has the potential to streamline financial services by removing layers of costly intermediaries, leaving only buyers and sellers in the marketplace. Figure’s filing adds to a surge of crypto-related IPO listings in the U.S. Crypto exchange Bullish debuted on the New York Stock Exchange on Aug. 13, with its shares jumping more than 200% on opening day. Gemini, BitGo, Grayscale, and potentially Kraken are also lining up IPOs , signaling a strong pipeline of blockchain firms entering public markets. The post Figure Technologies Files for IPO Amid Crypto Market Momentum appeared first on TheCoinrise.com .