Figure Technology Solutions said on Monday that it has submitted confidential papers to the US Securities and Exchange Commission (SEC) to be published later this year.
Figure is part of a growing list of digital asset companies aimed at becoming public and seeking to exploit the flowering cryptocurrency and stock markets and recent US regulatory progress after Donald Trump joined a pro-crrypto agenda. Earlier this year, USDC (USDC) stableCOin Essuer Circle (CRCL) had a Blockbuster debut on Nasdaq, with shares zooming in at $ 300 from the IPO prize to about $ 30. Custodian Bitgo, Asset Manager Grayscale and Exchange Operator and Coindesk -Owner Bullish also provided IPOs.
Figure, founded by former Sofi Managing Director Mike Cagney, has played a key role in the red hot assets in the real world (RWA), which derives over $ 16 billion in home capitals with credit using Provenance Blockchain. Last month, the company announced a merger with figure markets, the blockchain-based marketplace also founded by Cagney and issuer of a dividend-bearing stablecoin that acts as a tokenized money market fund (YDLS).
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