Blockchain-focused Figure Technology joins crypto IPO wave with SEC filing

Public markets provide new fundraising avenues for blockchain companies, enabling them to tap into capital from traditional markets.

Figure Technology Solutions, a fintech company focused on transforming financial services through blockchain technology, has filed confidentially for an initial public offering (IPO) with the US Securities and Exchange Commission, joining a growing list of crypto-related companies preparing to enter traditional financial markets.

Figure Technology submitted a confidential IPO filing with the SEC related to its equity securities offering expected in 2025, the company announced on Monday.

The number of shares and the price range have yet to be determined, subject to market conditions and the completion of the SEC’s review process. The IPO filing was made under a new SEC clause that enables confidential filing ahead of a final public offering.

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