Figure Technology applied to the SEC for a second IPO last week

Uk Jin

Summary

Figure Technology said it filed paperwork with the SEC for a second IPO last week.
The filing reportedly includes approval to directly issue the company's shares on the Solana blockchain.
Figure's active push for a blockchain-based IPO is attracting attention from investors.

The blockchain-based lending platform Figure Technology Solutions (Figure) plans to proceed with a second initial public offering (IPO).

On the 12th (Korean time), according to Solana (SOL) X (formerly Twitter), Mike Cagney, Figure's founder, attended Solana's Breakingpoint 25 and said, "Last week we filed paperwork with the Securities and Exchange Commission (SEC) for a second IPO."

Specifically, the paperwork reportedly sought approval to allow the company to directly issue its shares on the Solana blockchain.

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