Figure’s Nasdaq IPO Could Boost Blockchain Lenders’ Role in Finance, May Seek $400 Million

• Figure files for a Nasdaq IPO to raise about $400 million.

• Figure positions itself as the first blockchain-native lender to seek a U.S. public listing.

• Reported H1 2025 profit of $29 million; underwriters include Goldman Sachs, Jefferies, BofA Securities.

Figure IPO: Figure Technology Solutions files for Nasdaq IPO to raise $400M; first blockchain lender public listing — read the impact on capital markets now.

What is the Figure IPO?

Figure IPO refers to Figure Technology Solutions’ filing to list on Nasdaq, aiming to raise approximately $400 million. The company is presented as a blockchain-native lender led by founder and CEO Mike Cagney, and the filing highlights Figure’s intent to scale blockchain-based capital market solutions into public markets.

How much is Figure seeking to raise and who is leading the offering?

Figure’s proposed IPO size is approximately $400 million, per the company’s SEC filing. Underwriters named in the filing include Goldman Sachs, Jefferies, and BofA Securities, reflecting institutional support for the transaction. The filing and underwriter roster are noted in public SEC documentation (SEC Filing).

Why does Figure’s IPO matter for blockchain in finance?

Figure’s public filing signals a milestone for blockchain use cases in traditional finance. As a company built around blockchain-native lending infrastructure, the IPO tests investor appetite for tokenized and blockchain-driven capital market products.

Figure reported a $29 million profit in H1 2025, reversing prior losses, which supports the firm’s valuation narrative. SEC Filing and company disclosures supply the financial figures cited.

When could the IPO affect market activity?

Timing depends on regulatory review and market conditions. If priced and completed, the IPO could create comparable public comps for fintech and blockchain lenders, potentially influencing valuations and capital flows across the sector.

Frequently Asked Questions

Is Figure the first blockchain lender to file for a U.S. IPO?

Figure is presented by its filing as the first blockchain-native lender to pursue a U.S. listing on Nasdaq, marking a notable entry point for blockchain-first lending firms into public markets.

Who are the IPO underwriters and what does that mean?

Named underwriters include Goldman Sachs, Jefferies, and BofA Securities. Their involvement indicates institutional distribution support and typical underwriting responsibilities such as stabilization and placement.

How should investors evaluate Figure’s IPO?

Investors should review the SEC filing for revenue sources, profitability trends, regulatory disclosures, and technology adoption metrics. Consider the company’s H1 2025 profit and public disclosures as factual indicators.

Key Takeaways

• First mover in public markets: Figure is positioned as the first blockchain-native lender filing to list on Nasdaq.
• Capital raise target: The IPO seeks roughly $400 million to scale blockchain-based capital market offerings.
• Financial momentum: Figure reported a $29 million profit in H1 2025, signaling operational improvement.

Conclusion

Figure Technology Solutions’ Nasdaq filing and proposed $400 million raise marks a pivotal moment for blockchain’s integration into mainstream finance. The company’s H1 2025 profitability and underwriting lineup provide factual context for investor assessment. Monitor SEC filings and public disclosures for final pricing, timeline, and regulatory updates.