Figure Technology Files for IPO as Crypto Momentum Fuels Sector Boom

Crypto lending firm Figure Technology has announced its intention to go public on the Nasdaq under the ticker symbol ‘FIGR,’ following a successful financial year. The company achieved $191 million in revenue, a 22% increase from the previous year, and turned a profit of $29 million after previously incurring losses. Figure Technology specializes in blockchain lending and tokenization of assets for institutional customers, facilitating over $16 billion in loans and $50 billion in on-chain transactions.