Client Spotlight: Blockchain lender Figure raises $787.5 million in US IPO

September 10, 2025

Via Reuters: https://www.reuters.com/business/finance/blockchain-lender-figure-raises-7875-million-us-ipo-2025-09-11/

Sept 10 (Reuters) – Stablecoin issuer Figure Technology, along with some of its existing investors, raised $787.5 million in a U.S. initial public offering on Wednesday, becoming the latest crypto firm to tap public markets as digital assets gain mainstream acceptance.

A string of regulatory wins under a pro-crypto White House, corporate treasury adoption and inflows from exchange-traded funds have spurred listings from the sector, which recently surpassed a market value of $4 trillion.