Figure Technology Solutions, a blockchain-based lending platform co-founded by former SoFi CEO Mike Cagney, has filed for an IPO on the Nasdaq under the ticker FIGR. The company aims to raise $400 million in this offering, reflecting their successful transition to profitability and expansion into home equity and digital loans. Figure’s success is a testament to the growing potential of blockchain-driven financial services. This move follows strong earnings and a 22% revenue increase in the first half of 2025. The IPO, led by Goldman Sachs, Jefferies, and Bank of America, highlights confidence in the role of blockchain technology within finance. Figure’s profitability turnaround serves as an example for other blockchain lending companies.