Figure Technology Solutions has announced its intention to go public through an initial public offering (IPO) on Nasdaq, following a trend among crypto-related businesses seeking public market listings. This includes companies like Circle and Gemini.

The company plans to list under the ticker symbol ‘FIGR.’ SEC filings indicate that Goldman Sachs, Bank of America, and Jefferies Financial Group will act as lead underwriters for the IPO. Additionally, some existing investors are expected to sell portions of their holdings alongside newly issued shares.

Financial Overview

Figure reported a nearly USD 191 million revenue for the first half of 2025, marking a more than 22% increase over the same period in the previous year. The firm turned profitable with a gain of USD 29 million, following a USD 13 million loss in 2024. Established in 2018, Figure operates on the Provenance blockchain network and provides services for lending, trading, and asset tokenization.

Since its inception, Figure has originated over USD 16 billion in blockchain-backed loans and facilitated more than USD 50 billion in on-chain transactions. Company officials view blockchain as a means to enhance liquidity in illiquid markets by making data transparent and accessible through the blockchain network. They also see potential for reduced intermediary involvement in financial services.

The IPO represents the next phase of growth for Figure, which has undergone several funding rounds including a Series D round raising USD 200 million in 2021, valuing the firm at USD 3.2 billion. This move aligns with broader trends in the crypto industry as other firms prepare to go public or list their assets.