In a bold move that could redefine public equity markets, Figure Technology has filed with the SEC for a second public offering designed to issue blockchain-native equity directly on the Solana network. Announced by executive chairman Mike Cagney at the Solana Breakpoint conference, this initiative aims to bypass traditional exchanges like Nasdaq and established brokers entirely, unlocking new possibilities for onchain trading and decentralized finance (DeFi) applications. This follows the company’s recent conventional Nasdaq listing and represents a significant strategic push toward decentralized capital markets.
about Figure Files for Blockchain IPO on Solana, Bypassing Traditional ExchangesMike Cagney
0 posts last week2025 Crypto Exchange Showdown: Figure vs Kraken vs Gemini
As the cryptocurrency market surpasses $5 trillion in global capitalization, selecting the right trading platform has become crucial for investor success. This comprehensive analysis compares three industry frontrunners—Figure Markets, Kraken, and Gemini—across the critical dimensions that matter most to today’s sophisticated crypto investors, revealing how their distinct founding philosophies and service ecosystems create unique value propositions in an increasingly competitive landscape.
about 2025 Crypto Exchange Showdown: Figure vs Kraken vs GeminiBernstein Forecasts 30% Jump for Blockchain Lender Figure
Investment firm Bernstein has issued a bullish outperform rating for blockchain lending pioneer Figure Technologies, projecting more than 30% upside for FIGR shares with a $54 price target. The analysts point to Figure’s transformative technology that brings blockchain liquidity to consumer lending, converting traditional balance sheet-heavy models into capital-light marketplace businesses. Since its September IPO at $25 per share, Figure’s stock has already surged approximately 75%, trading around $42.71 as Bernstein’s endorsement fuels investor optimism about the company’s position in the $2 trillion credit tokenization market.
about Bernstein Forecasts 30% Jump for Blockchain Lender FigureCrypto Stocks Soar on Fed Dovish Signals, Ethereum ETFs Rebound
Federal Reserve Chair Jerome Powell’s dovish speech at Jackson Hole triggered a rally in crypto stocks, with Ethereum treasury companies and Bitcoin miners leading gains of 8-15%. While Bitcoin ETFs bled $1 billion over five days, Ethereum ETFs rebounded with $288 million in net inflows. Figure Technologies filed for an IPO, highlighting its dominance in tokenized private credit with over $16 billion in processed home loans. The market reaction reflects optimism around potential rate cuts, though analysts caution about underlying economic challenges including debt and inflation. Other developments include Nasdaq delisting Windtree Therapeutics and Bitdeer’s plans to manufacture mining rigs in the US.
about Crypto Stocks Soar on Fed Dovish Signals, Ethereum ETFs ReboundFigure Files Nasdaq IPO as Profitable Blockchain Lender
Figure Technology, founded by ex-SoFi CEO Mike Cagney, has filed for an IPO on Nasdaq under ticker FIGR after achieving a financial turnaround from a $13 million loss in H1 2024 to a $29 million profit in H1 2025. The company, which has facilitated over $16 billion in home equity loans, uses blockchain to tokenize loan assets, enabling efficient creation, fractionalization, and trading of loan pools. This IPO is significant as it represents one of the first U.S. public listings by a blockchain-based lender and comes amid a broader recovery in IPO markets and increased activity from crypto-linked firms like Circle and Gemini. Figure’s profitability differentiates it from many peers and will test how public markets value on-chain lending infrastructure applied to traditional credit markets.
about Figure Files Nasdaq IPO as Profitable Blockchain Lender