Figure Technologies Gears Up for IPO Amid Growing Tokenization Momentum

Blockchain lender Figure Technologies has filed for an IPO after reporting a 22% revenue surge to $191 million in the first half of 2025 and $29.1 million in net income.

Founded in 2018, the New York-based firm operates Provenance, a blockchain network that powers more than $11 billion in active loans and dominates the tokenized private credit market with over 70% share. Analysts say the move signals tokenization firms are maturing to the same level as exchanges and stablecoin issuers, with Goldman Sachs, Jefferies, and Bank of America set to lead Figure’s listing on Nasdaq under the ticker FIGR.

Clever Robot News Desk 20^th August 2025