Figure Know-how Options stated on Monday it has filed confidential paperwork with the U.S. Securities and Change Fee (SEC) to go public later this 12 months.
Figure is becoming a member of a rising checklist of digital asset companies aiming to go public, looking for capitalizing on the booming cryptocurrency and inventory markets and up to date U.S. regulatory developments after Donald Trump took workplace with a pro-crypto agenda. Earlier this 12 months, USDC (USDC) stablecoin issuer Circle (CRCL) had a blockbuster debut on the Nasdaq, with shares zooming to $300 from the IPO priced at round $30. Custodian BitGo, asset supervisor Grayscale and trade operator and CoinDesk proprietor Bullish filed for IPOs as nicely.
Figure, based by former SoFi CEO Mike Cagney, has performed a key function within the red-hot real-world asset (RWA) sector, originating over $16 billion in residence fairness strains of credit score utilizing the Provenance Blockchain. The agency final month introduced a merger with Figure Markets, the blockchain-based market additionally based by Cagney and issuer of a yield-bearing stablecoin that operates as a tokenized cash market fund (YDLS).
Learn extra: DCG’s Barry Silbert Returns to Grayscale as Chairman Amid IPO Push
