The solutions to the blockchain-based blockchain lending figure filed for a preliminary public offering in the US, which joined a slate of crypto companies entering the market.
New York -based company plans to list at Nasdaq under the “Fig” symbol “with Goldman Sachs, Bank of America and Jefferies Financial Group leading the IPO. Some of its existing shareholders will sell shares in the offering, the figure said in a File On Monday with the Securities and Exchange Commission.
Said Figure Earlier this month This is confidence filed to go public, join a fuzzy crypto company looking at a public debut under the Crypto-friendly administration Trump and following a blockbuster Ipo From the Stablecoin Issuer Circle Internet Group.
It came after a steady income for the first half of 2025. The company’s income was about $ 191 million, up to 22% since last year. It recorded an income of $ 29 million, out of a $ 13 million loss.
The figure costs $ 3.2 billion
The Figure was founded in 2018 by Mike Cagney, who helped create Layer 1 Asset tokenization dedicated to the Blockchain’s proven and the Fintech firm SOFI, the largest online lender.
The figure offers a blockchain platform for lending, trading and asset tokenization to the proven. It is costs $ 3.2 billion In a 2021 series D funding raising $ 200 million.
Figure said in its filing that it came up with more than $ 16 billion in blockchain-based loans and completed more than $ 50 billion worth of onchain transactions.
“Blockchain can do more in distraction to existing markets. By obtaining historical assets that are not offensive -such as loans -and putting these properties and their performance history, the blockchain can bring liquidity to markets that have never had this,” Cagney said in the filing.
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He added that financial services require significant intermediation and “massive companies with massive market capitalization are built around looking for rent.”
“Blockchain has the power to relieve multiparty marketplaces up to only two: buying and seller. All looking for rent has left,” Cagney added.
The US sees the rush of the IPOs of Crypto
Multiple Crypto companies have filed or filed to go public in the US in recent weeks, with a Crypto Exchange and CoinDesk with a bullish list in NYSE on Wednesday, August 13, who saw Its stock exceeds 200%.
Crypto Exchange Gemini has also recently That -file for an IPOJoin Crypto Custodian BitGo and Crypto Exchange-Traded Fund Issuer GrayscaleWhile Crypto Exchange Kraken has It’s been a long time to be public next year.
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