Figure Files for Nasdaq IPO Under Ticker FIGR

Blockchain Lender Figure Files for Nasdaq IPO Under Ticker FIGR

Written by Aaron S.,

Editor-In-Chief

Last Updated: August 19, 2025

Key Takeaways

Figure Technology Solutions filed for a US IPO and will list on Nasdaq under the ticker FIGR, led by Goldman Sachs, BofA, and Jefferies;
Founded in 2018 by Mike Cagney, Figure runs lending, trading, and asset tokenization on Provenance;
The firm has originated $16 billion in loans and processed $50 billion in transactions.

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Figure Technology Solutions, a lending company built on blockchain, has announced plans to launch an initial public offering (IPO) in the United States.

The firm will trade on Nasdaq under the symbol FIGR, with Goldman Sachs, Bank of America, and Jefferies acting as lead underwriters.

According to an August 18 filing with the US Securities and Exchange Commission (SEC), part of the shares offered will come from current investors who are selling their stakes.

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Figure was founded in 2018 by Mike Cagney. He previously co-created Provenance, a blockchain focused on tokenizing financial assets, and also co-founded SoFi, now the largest online lender in the US. Figure’s services are built on Provenance, where it runs lending, trading, and tokenization activities.

In 2021, the company raised $200 million in a Series D funding round that valued the firm at $3.2 billion. Since then, Figure has reported issuing more than $16 billion in blockchain-based loans and handling over $50 billion worth of transactions on-chain.

In the IPO filing, Cagney explained that by moving assets such as loans and their histories onto blockchain systems, markets that lacked liquidity could now gain it.

He also argued that traditional financial services rely heavily on intermediaries, which leads to what he called "rent-seeking". Cagney said blockchain technology can reduce this to a simple exchange between buyer and seller.

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