'Blockchain-based lender' Figure Technology Solutions completes confidential U.S. IPO filing
Summary
- Figure Technology Solutions has reportedly submitted confidential IPO documents to the U.S. SEC.
- It explained that the recent boom in virtual assets and the stock market and changes in the regulatory environment are the background for the IPO initiative.
- Figure is a key player in the real-world asset tokenization market, having issued over $16 billion in home equity lines of credit.
According to CoinDesk, a media outlet specializing in virtual assets (cryptocurrencies), on the 4th (local time), the blockchain-based lending platform Figure Technology Solutions submitted confidential listing documents to the U.S. Securities and Exchange Commission (SEC), aiming for an initial public offering (IPO) by the end of this year.
Figure has joined the ranks of digital asset companies pursuing listing, taking advantage of the recent boom in virtual assets and the stock market, along with regulatory changes driven by President Donald Trump’s pro-crypto policies.
Founded by former SoFi CEO Mike Cagney, Figure is a key player in the real-world asset (RWA) tokenization market. Using its own Provenance Blockchain, it has issued over $16 billion in home equity lines of credit to date.
Last month, Figure also announced a merger with Figure Markets, which is issuing the yield-bearing stablecoin (YDLS) with the characteristics of tokenized money market funds. Figure Markets is also a blockchain-based trading platform founded by Cagney.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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