Figure Technology Solutions, a fintech company leveraging blockchain to transform financial services, has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). This move places Figure among a growing group of crypto-related companies exploring traditional financial markets for fundraising opportunities. The filing pertains to an equity securities offering expected in 2025, though the exact number of shares and pricing remains undetermined, contingent on market conditions. This trend reflects a broader shift as more cryptocurrency firms seek to attract traditional investors by bridging digital and traditional markets. Figure aims to enhance its funding capabilities through its services, which include blockchain-based lending and tokenization of real-world assets via the Provenance Blockchain. Following a successful Series A funding round, Figure reported approximately $30 billion in on-chain loans and securities transactions, indicating robust market activity. Other companies, such as Circle, have also recently made successful IPO filings, further accelerating the momentum for crypto IPOs in 2025.

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