Figure Technology Solutions goes public on Nasdaq, reporting blockchain-powered lending expansion to the $191M revenue and $29M profit in early 2025.

The blockchain-native lender Figure Technology Solutions has filed to embark on a United States initial public offering following a high growth in revenue in 2025. The New York-based company announced a 22 percent revenue growth to 191 million in the first half of the year alongside a 29 million profit; the previous year ended with a loss of 2024. Both the company and existing shareholders will sell stock through the IPO, with shares anticipated to be dual-listed on Nasdaq under the symbol FIGR.

Figure is a 2018-founded blockchain-powered lending, trading, and investment in digital assets run by the fintech entrepreneur Mike Cagney. The company already has more than 160 institutions opened and has originated home equity loans in excess of 16 billion through our partnerships.

Cagney focused on the transformative power of the technology in capital markets, pointing out how on-chain asset performance data were able to bring liquidity to markets that had not been liquid before. He commented, The IPO is one of many steps to bringing blockchain to the whole of the capital market.

The new filing is in the backdrop of a crypto-friendly policy environment and a rising interest by investors based on the success of the initial offering of Circle and the IPO filing of Gemini. Blockchain companies such as Figure are moving to become central actors in the changing financial landscape, as researchers propose.

The listing with underwriters such as Goldman Sachs, Jefferies, and BofA Securities could exhibit a watershed in the adoption of blockchain technology in mainstream capital markets.