Figure Technology Files for IPO with Nasdaq Listing Planned Under Ticker FIGR

Highlights:

• Figure Technology has filed for an IPO after revenue rose 22 percent to $191 million.
  
• Crypto companies like Bullish and Circle have gone public as more digital asset firms plan to enter markets.
• The listing follows a year of rising investor interest in blockchain-based financial products.

Blockchain-based lender Figure Technology Solutions has filed for an initial public offering in the United States. The New York-based company plans to list its Class A common stock on the Nasdaq under the ticker symbol “FIGR.” The company disclosed the filing in documents submitted to the Securities and Exchange Commission on Monday.

🚨 BREAKING: Crypto-based lender Figure Technology files to go public in US on Nasdaq, following confidential application submission to regulators.

— CryptoAlert (@SatoshiWatch) August 19, 2025

The lender reported a sharp improvement in financial performance for the first half of 2025. Revenue rose 22% year-over-year to nearly $191 million. Net income reached $29.1 million, compared to a $15.6 million loss in the same period last year. The improvement marked a clear turnaround for the blockchain-focused financial firm.

Goldman Sachs, Jefferies, and Bank of America will serve as lead underwriters for the offering. The company confirmed that some existing shareholders will also sell shares in the planned IPO. The listing follows a year of rising investor interest in blockchain-based financial products and capital market innovations.

Figure Technology Files for IPO Amid Market Momentum

The decision comes as a number of crypto-focused companies prepare for public listings. Bullish, an exchange operator, priced its IPO at $37 a share, elevating it to an aggregate of $1.1 billion. Circle, a stablecoin issuer, also made its initial offering, and it plans to launch a national trust charter. The design platform Figma, which supports digital asset projects, also made a listing this year.

The IPO market is heating up! According to a new analysis by Joanna Glasner, venture-backed companies that have gone public in 2025 are performing exceptionally well after their debuts.

Now, all eyes are on Figma as it makes its IPO!

Read the full analysis to get all the… pic.twitter.com/h5l5TwHRtJ

— Michael Ross (@mylattice24) August 16, 2025

Other firms within the industry are also gearing up to join the public markets. Crypto custodian BitGo, exchange-traded fund provider Grayscale, and trading firm Gemini all have announced IPO ambitions. Kraken is also reported to be mulling a future IPO. The pattern highlights the increasing popularity of blockchain and digital asset companies among the general investor market.

Figure’s filing adds momentum to this wave of offerings. The company had earlier submitted a confidential draft registration with the SEC. It also continues to work on introducing an interest-bearing stablecoin that would operate within the United States as a security. The current market cycle, supported by the Trump administration’s friendlier stance toward digital assets, has created an active environment for new listings.

Cagney’s Blockchain Vision for Future Growth

Mike Cagney co-founded Figure in 2018. Cagney has established Figure as a leader in blockchain-powered lending and asset tokenization. In its filing, the company revealed that it has originated over $16 billion in loans and conducted over $50 billion in transactions on-chain.

In his remarks, Cagney emphasized blockchain’s potential to transform capital markets.“By taking historically illiquid assets—such as loans—and putting these assets and their performance history on-chain, blockchain can bring liquidity to markets that have never had such,” he said.

With the planned IPO, Figure aims to strengthen its position in blockchain-enabled financial services and extend its role in capital markets. The regulatory clarity provided by the Trump administration will attract more traditional investors to blockchain companies.