Key points
- The scheme reported revenue of $ 43.8 million and a profit of $ 29.1 million in H1 2025
- The company has edited over $ 16 billion in loans using blockchain, proving that Defi can operate on a real -world scale of funding
- If successful, Figure’s Nasdaq IPO could open the door for more encryption companies to enter public markets
Figure Technology Solutions, an important Blockchain -based borrowing player, has officially filed for an initial public offer (IPO), with the aim of listing Nasdaq with the Ticker Figr symbol.
This is not just another technology company that goes publicly. It is a cryptographic business that enters the big leagues, proving that blockchain is not just about Bitcoin and wild speculation. This is real money, real loans and now, real stock market investors.
Figure seeks public market debut
In the first half of 2025, the figure increased to revenue of $ 43.8 million, over 22% compared to the previous year. The company turned $ 13 million in early 2024 in a profit of $ 29.1 million just a year later, according to The last report.
This is the kind of recovery that makes investors sit down and get knowledge. By launch, Figure has handled over $ 16 billion in loans, all powered by Tech Blockchain. For an industry that critics were once rejected as a playground for hackers and day traders, this is a serious Flex.
One can think of the figure as a next -generation lender, who is the one who cuts the intermediaries. Traditional banks get forever to approve loans, charge intense pay and keep borrowers in the dark.
The figure uses blockchain to make borrowing faster, cheaper and completely transparent. Whether it is HELOCS or other loan products, the company has found a way to make decentralized funding (Defi) actually operate in the real world. And with interest rates still high, more people are turning to flexible choices, such as shape, instead of dealing with slow banks.
The time of this iPO is not accidental. Since the quiet deposit of confidential bureaucracy with the sec earlier this year, the figure is now moving, just as Crypto enjoys a fresh wave of investor advertising campaign amidst momentum in large cryptocurrencies such as Bitcoin and Altcoins.
Social media, especially on X (formerly Twitter), have been immersed with speculation that this could be the beginning of a new trend, as blockchain businesses remove the shadows and enter the scene of the stock market.
Estimates show that IPO could raise about $ 400 million, although the final numbers are still in the air.
But the figure is not alone in this push. In the past year, more encryption companies have watched public lists, trying to avoid industry’s dangerous reputation and prove that they are here to stay.
Bloomberg has recently described it as a “rush of encryption companies entering the market”, and if the figure IPO is going well, it could open the floodgates for others. The big question is whether Wall Street is ready to fully hug the blockchain.
The company earns real money. Unlike so many cryptographic companies that burn through cash with little to show about it, the figure has turned a profit, keeps the cost under control and showed that blockchain borrowing is not only theoretical.
It’s a viable business. This is a huge negotiation in an industry where even big names have collapsed under poor management and wild speculation.
Still, challenges remain. The Securities and Exchange Commission has broken into shady cryptographic works and while the focus of the figure on the lending can help her avoid some regulatory mines, nothing is guaranteed.
But if all goes well, this could be a moment of the drainage basin. A successful iPo will not only be a win for the figure, as it will be a victory for the entire blockchain industry, proving that decentralized funding can withstand shoulder on shoulder with traditional banking.
Nasdaq, known for registering technological giants, looks like the perfect setting for this debut. And if the stock of the figure takes off, it could inspire a completely new wave of encryption companies to become public, blurring the lines between old school funding and the blockchain revolution.