This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Figure Technologies saw its shares surge 24% above its IPO price on Thursday, closing at $31.11. The blockchain-based lending platform’s successful debut signals growing Wall Street interest in crypto-native companies. Analysts view this as a significant step forward for mainstream adoption of asset tokenization.
- Figure's blockchain platform reduces mortgage processing costs from $12,000 to $1,000 and cuts approval time from 45 days to just days
- The company has originated $16 billion in loans since 2018 and currently maintains $11.7 billion in outstanding loans
- This marks the ninth major crypto firm IPO in the U.S. this year, with Gemini scheduled to debut next day
📎 Related coverage from: decrypt.co
Related Tags: Circle Stablecoin