US-Based Crypto Lender ‘Figure’ Files Confidential Draft for IPO

TheCryptoTimesPubblicato 2025-08-05Pubblicato ultima volta 2025-08-05

Figure Technology Solutions, a U.S.-based firm that builds blockchain tools for lending, has sent a confidential draft to U.S. regulators as it prepares to go public. 

On Monday, the company confirmed in an official statement that it has filed a draft registration with the U.S. Securities and Exchange Commission (SEC) for a planned initial public offering. The number of shares and price range have not yet been set. The company said the offering would depend on market conditions and SEC review.

Figure Moves Forward with Support from Top Firms

Figure says it has supported around $16 billion in home equity loans so far. It also works with major tech companies like OpenAI and Alphabet. These partnerships are part of the firm’s push to mix traditional finance with new technology.

The company’s website lists several top investors, including Apollo Global Management, 10T Holdings and Ribbit Capital.

According to earlier reports, Figure has also worked with banks such as Goldman Sachs, JPMorgan and Jefferies in the past. These banks were said to be helping the firm prepare for an IPO in 2023. It is not yet confirmed if they are involved in this latest filing.

Blockchain and Crypto Company IPOs 

Notably, various blockchain and crypto companies are trying to enter public markets this year. Following Circle’s grand and successful IPO launch earlier this year, a number of crypto exchanges and blockchain labs are planning listings as interest in crypto and financial technology keep rising.

For now, Figure’s submission is private. A full version of the filing will be shared publicly once the company is ready. The IPO is expected later in 2025. The company said in its release that the draft was submitted under Rule 135 of the Securities Act. It added that this notice was not an offer to sell shares, and any sale would follow legal steps required by US law.

Figure’s latest decision is part of a wider trend as crypto-linked businesses return to public markets after a long pause.

Also Read: UK Man Who Lost 8,000 Bitcoin Says He Hasn’t Given Up Yet

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