After Successful IPOs of Bullish and eToro, Crypto | Crypto News

After Successful IPOs of Bullish and eToro, Crypto | Crypto Work Pro

Blockchain
lender Figure Technology Solutions filed for a U.S. initial public offering this
week, revealing robust financial efficiency because the blockchain lender joins a
growing wave of crypto firms heading to Wall Street.

Figure Technology Files
for IPO Amid Crypto Market Rally

The New
York-based firm’s income
jumped 22.4% to $191 million within the first half of 2025, whereas swinging to a
$29 million revenue from a $13 million loss in the identical period final yr. The
outcomes underscore how blockchain-focused financial firms are capitalizing
on renewed investor curiosity in digital property.

Figure’s
IPO submitting comes as crypto corporations are flooding public markets at an
unprecedented tempo. The company joins latest filers together with the Winklevoss
twins’ Gemini exchange, which
submitted its paperwork final week, and stablecoin issuer Circle, whose profitable
debut has emboldened different digital asset gamers.

The crypto
IPO pipeline has swelled this yr with trading
platforms eToro and Bullish
already finishing profitable debuts, creating what industry observers
describe as essentially the most lively period for digital asset public choices in years.

“Crypto
is turning into one of the massive pillars of the IPO market, with more offers anticipated
not solely through IPO but additionally by means of deSPAC transactions,” Josef Schuster,
CEO of IPOX advised Reuters, referring to firms going public by means of
blank-check mergers.

Figure Technology
Solutions – Key Performance Indicators

Traditional Lending Moves
to Blockchain

Figure’s
business model facilities on bringing conventional financial merchandise onto
blockchain infrastructure. Co-founded in 2018 by technology entrepreneur Mike
Cagney, the
platform handles lending, trading and investing throughout client credit and
digital property. The company and its 160-plus companions have originated more than
$16 billion in home equity loans.

Cagney sees
blockchain technology as transformative for capital markets past simply
cryptocurrency trading.

“Blockchain
can do more than disrupt present markets. By taking traditionally illiquid
property – akin to loans – and placing these property and their efficiency historical past
on-chain, blockchain can deliver liquidity to markets which have by no means had such,”
he mentioned within the submitting.

The former SoFi
co-founder will retain majority voting control of Figure after the offering.
Both Figure and present shareholders plan to sell stock within the deal, although
particular phrases weren’t disclosed.

Pro-Cryptocurrency Trump
Administration Supports IPO Decisions

Political
winds have shifted favorably for crypto firms searching for public listings. The Trump
administration’s supportive stance towards digital property has created a more
welcoming regulatory setting, encouraging corporations that beforehand hesitated
to pursue IPOs.

Figure final
raised capital in 2021, securing $200 million at a $3.2 billion valuation
during the peak of the earlier crypto increase. The company plans to checklist on
Nasdaq below the ticker “FIGR,” with Goldman Sachs, Jefferies and
BofA Securities serving as lead underwriters.

The IPO
represents just the start of Figure’s broader ambitions. “The IPO is
one step in a long course of to deliver blockchain to all facets of capital
markets,” Cagney famous within the submitting.

The broader
crypto IPO wave additionally displays altering investor sentiment towards blockchain
technology and digital property. After years of regulatory uncertainty and market
volatility, institutional buyers seem more prepared to back crypto-related
public firms with confirmed business fashions and stable financials.

This article was written by Damian Chmiel at www.financemagnates.com.