Figure Technologies, the blockchain-based lending platform, has successfully completed its initial public offering, raising $787.5 million in one of the largest public market debuts for a cryptocurrency-native financial company. The offering was oversubscribed, reflecting strong institutional interest in blockchain-enabled financial services.
The California-based company has revolutionized home equity lending and other financial services through its proprietary blockchain infrastructure, processing over billion in loans since its founding. Figure’s technology enables faster loan origination, reduced costs, and enhanced transparency compared to traditional lending models. The IPO proceeds will fund expansion into new financial products and international markets.
This public listing represents a significant milestone for the blockchain finance sector, demonstrating that cryptocurrency-native companies can successfully navigate traditional regulatory pathways to access public markets. The successful offering comes amid growing institutional adoption of blockchain technology for traditional financial applications, though Figure maintains its operations primarily on private, permissioned blockchain networks rather than public chains like Ethereum.
