Figure Technology Solutions said Monday it filed confidential documents with the U.S. Securities and Exchange Commission (SEC) for release later this year.
The diagram draws on the booming cryptocurrency and stock markets and recent advances in US regulatory developments after Donald Trump took office on the pro-crypto agenda, and joins the growing list of digital asset companies aiming to go public. Earlier this year, USDC (USDC) Stablecoin Issuer Circle (CRCL) made its smash hit debut with NASDAQ, expanding from its IPO to $300 from its price of around $30. Custodian Bitgo, asset manager Grayscale, Exchange Operator and Bullish, owner of Coindesk, also applied for the IPO.
Founded by former Sofi CEO Mike Cagney, the diagram plays a key role in the Red-Hot Real-World Asset (RWA) sector, using the source blockchain to acquire a home equity line of trust of over $16 billion. The company announced its merger with the figure market last month. It announced that it is a blockchain-based market, also established by Cagney and publisher issuers, operating as a talkney-inspired money market fund (YDLS).
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