Figure Joins Crypto IPO Wave: Will $FIGR Be the Next Big Crypto Stock?
Among the many cryptocurrency companies that have entered the market is Figure Technology Solutions, a blockchain-based lending company that filed for an IPO in the United States. With Jefferies Financial Group, Goldman Sachs, and Bank of America spearheading the IPO, the New York-based company intends to list on the Nasdaq under the symbol FIGR. Figure announced in a filing with the Securities and Exchange Commission on Monday that some of its current shareholders will sell shares in the offering.
Figure’s Massive On-Chain Activity Sets Stage for Public Market Debut
Following a successful initial public offering (IPO) by stablecoin issuer Circle Internet Group, Figure announced earlier this month that it had confidentially registered to go public, joining a wave of cryptocurrency startups aiming for a public debut under the crypto-friendly Trump administration. It followed a strong first half of 2025 earnings report. The company made over $191 million, which was more than 22% more than the previous year. It earned a $29 million profit after losing $13 million. According to its filing, Figure has conducted more than $50 billion in on-chain transactions and created more than $16 billion in blockchain-based loans.
Figure’s IPO Could Redefine Loan Markets Through On-Chain Innovation
The IPO of Figure may indicate an increase in institutional trust in blockchain-based lending systems, according to industry analysts. The company’s quick revenue growth and solid on-chain performance make it a potential leader in the nascent decentralized finance (DeFi) space. The use of Figure’s $16 billion in blockchain loans to increase market share and boost future profitability is of special interest to investors. With support from leading financial institutions, both institutional and retail investors may pay close attention to the approaching Nasdaq debut.
Blockchain can do more than disrupt existing markets. By taking historically illiquid assets — such as loans — and putting these assets and their performance history onchain, blockchain can bring liquidity to markets that have never had such. Blockchain has the power to distill these multiparty marketplaces down to just two: buyer and seller. All the rent-seeking goes away,
Browse PostsMike Cagney, Co-Founder and CEO of Figure
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