2025 has been a remarkable year for the crypto industry. For an industry once battling a wide crackdown, it has come a long way and now stands ready to embrace the heat of Wall Street.
After crypto firms like the stablecoin issuer Circle (NYSE: CRCL) and the crypto exchange Bullish (NYSE: BLSH) made impressive public debuts this year, another crypto firm is ready to dive in.
Related: What is Crypto? Cryptocurrency explained
Figure Technology Solutions, a blockchain-native capital marketplace and stablecoin issuer, is making its Nasdaq debut via an initial public offering (IPO).
The firm submitted an S-1 filing with the Securities and Exchange Commission (SEC) on Sep. 10, as per which it will issue 31.5 million common shares within the price range of $20-$22 per share in the IPO.
Later, it announced raising the public offering price to $25 per share.
So, Figure Technology hopes to raise $787.5 million at a valuation of approximately $5.3 billion with the IPO.
The company’s shares are expected to begin trading on the Nasdaq Global Select Market on Sep. 11 under the ticker symbol “FIGR,” the statement read.
Founded by SoFi Technologies (Nasdaq: SOFI) founder Mike Cagney, Figure Technology claims to be the “largest non-bank provider” of home equity financing.
Figure’s loan origination system and capital marketplace help more than 160 partners. Collectively, the company and its partners have so far originated over $16 billion of home equity, among other products.
Figure also issues YLDS, an SEC-registered yield-bearing stablecoin that is backed by prime money market funds. As per the on-chain analytics platform DeFiLlama, the stablecoin’s market cap stood at $20.04 million at press time.
This story was originally reported by TheStreet on Sep 11, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
