Figure Technology Solutions Inc., a blockchain-based lending company, has publicly filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. The company plans to list on the Nasdaq stock exchange under the ticker symbol FIGR. For the first half of 2025, Figure reported revenue of $191 million, representing a 22.4% year-over-year increase, and a net profit of $29 million, a turnaround from a $13 million loss in the same period in 2024. The IPO is being led by investment banks Goldman Sachs, Jefferies Financial Group, and Bank of America. Founded seven years ago by Mike Cagney, Figure Technology operates in the blockchain lending and real-world asset tokenization space, which is considered to be maturing. The filing marks one of the latest crypto-related companies to enter the public markets.