4 August 2025
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Figure Technology Solutions Files Confidential IPO Registration with SEC
Figure Technology Solutions has filed confidential paperwork with the U.S. SEC for a proposed IPO later this year.
Key points:
- Company aims to capitalize on the growing digital asset market and favorable U.S. regulations.
- Other firms like Circle, BitGo, Grayscale, and Bullish are also pursuing IPOs.
- Founded by former SoFi CEO Mike Cagney, Figure has originated over $16 billion in home equity lines of credit using Provenance Blockchain.
- Recently merged with Figure Markets, which operates a yield-bearing stablecoin as a tokenized money market fund.