Figure Technology Solutions has confidentially submitted to the US Securities and Exchange Commission (SEC) an initial public offering (IPO) in the form of a blockchain company, following a larger trend of blockchain companies moving into going public. The company specializes in blockchain-enabled financial services, tokenization of real-world assets (RWA), and lending via its Provenance Blockchain platform.
The confidential filing will grant the fintech business a chance to execute the public listing process without revealing financial information or share structure. The size and pricing of the share offering are not yet decided, and they are subject to market conditions and regulatory approval.
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Many companies are onboarding the crypto IPO wave to tap capital from traditional markets. Circle’s $6.9 billion IPO on June 5 and ’s confidential filing in July have signaled renewed interest from investors. Figure’s IPO follows its March 2024 announcement of a $60 million Series A round to fund its “everything exchange” platform, aiming to offer tokenized stocks and digital assets.
