Blockchain lending company Figure has submitted IPO application documents to the US SEC

On August 5, according to CoinDesk, blockchain lending company Figure Technology Solutions said on Monday that it had confidentially submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) and planned to go public later this year. Figure was founded by former SoFi CEO Mike Cagney and has played a key role in the field of real-world assets (RWA), issuing more than $16 billion in home equity lines of credit through the Provenance blockchain.

The company announced last month that it would merge with Figure Markets, also founded by Cagney. Figure Markets is a blockchain-based market that has issued a yield-based stablecoin that can be operated as a tokenized money market fund (YDLS).