Blockchain lending pioneer Figure Technologies launched its IPO on September 12, 2025, opening at $36 per share and valuing the company at over $7 billion. The debut underscores growing mainstream acceptance of blockchain in traditional finance, with Figure’s platform facilitating securitized loans and real-world asset tokenization.
Investors responded enthusiastically, driving shares up 10% intraday, amid a surge in crypto-related listings. CEO Mike Cagney highlighted partnerships with major banks as key to the valuation, projecting $500 million in annual revenue by 2026.
This IPO signals a maturing crypto ecosystem, bridging DeFi with legacy systems. However, regulatory hurdles and market volatility pose risks. For the sector, it’s a bullish indicator of institutional integration