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.