Reuters: IPOX® CEO Josef Schuster Highlights Crypto’s Growing Role in the IPO Market

Figure Technology Solutions, a blockchain lender co-founded by Mike Cagney, disclosed in its U.S. IPO filing that its revenue rose 22% in the first half of 2025, reaching $191 million. The company, which has originated over $16 billion in home equity, plans to list on Nasdaq under the ticker “FIGR.”

Reuters noted that crypto-friendly market conditions and Circle’s successful IPO have spurred a wave of digital asset listings, with firms like Gemini also pursuing offerings. Commenting on the trend, IPOX CEO Josef Schuster stated:

“Crypto is becoming one of the big pillars of the IPO market, with more deals expected not only via IPO- but also through deSPAC transactions.”

Schuster’s insights underscore IPOX’s expertise in tracking the evolution of the global IPO landscape, particularly the increasing influence of blockchain and digital asset companies entering public markets.

Read the full article by Arasu Kannagi Basil on Reuters: https://www.reuters.com/business/blockchain-lender-figure-technology-reveals-revenue-surge-us-ipo-filing-2025-08-18/