Another IPP on Crypto strikes the market and most people still have no idea what crypto is

The lender of the Blockchain Solutions Technology Solutions officially filed a first public offer, marking another decision by companies related to the crypto in search of a tranche of the public procurement machine.

Crypto Bros and the banks that love them already celebrate the decision to become a public, which, according to them, marks an important step in the intersection in the evolution of cryptocurrencies, blockchain technology and consumer finances.

Analysts postulate that this indicates a broader change in the way people do not know the crypto previously comfortable more comfortable.

“Crypto becomes one of the major pillars of the stock market IPR -IPTR,” the IPOX CEO, the CEO of IPOX, told Reuters, referring to companies that go public through shotguns.

So far, it has been opposed to all the logics provided by recent surveys, which have shown at least 60% of the people requested, and sometimes up to 90%, have absolutely no idea of what the crypto is or how it works, but certainly would not put their own money.

“It seems simply questionable,” said a defendant of this National Crypto-Monny Association survey in July 2025.

Figure CEO Mike Cagney hosted this attitude of proof of concept or no dice investor in an interview in 2021.

“When we started in 2018, I think we hope that we could simply be a blockchain-Technology company and not have to create another loan company and a payment company and everything else,” said Cagney. “What became very clear for us very early is that the world was not ready to look at the blockchain as we were, so we created these operational companies.”

Why is it important for the crypto?

This IPO, however, can show a slight softening of that of cryptographic companies that really seem or can prove that they do something tangible.

Figure focused on practical applications – such as the supply of loans supported by the crypto and the use of the blockchain for a transparent and faster subscription – is a little more transparent way how the blockchain can be integrated into the basic financial services.

His website shows that he uses Google Gemini Chatbot of Alphabet Inc. and Openai Inca Inc. to Soft via loan requests.

This approach recalls how Banks and Fintech companies like Sofi and Robinhood (which became public in 2021 and 2019, respectively) take advantage of technology to reinvent traditional banks (Robinhood IPO).

The use by the company of artificial intelligence parallel to its Blockchain platform still underlines the growing convergence of innovative finance technologies, similar to recent PayPal investments in AI payment solutions.

Unlike previous cryptographic companies bogged down in regulatory controversies, the 22% figure of 22% of 22% of the second semester results and its support for eminent institutional investors such as Apollo Global Management and Ribbit Capital can also provide credibility to the role of blockchain in general finances.

This trend echoes similar movements of companies such as Coinbase, which has raised an evaluation of $ 85 billion when it became public in 2021 – which simultaneously supported the crypto as a legitimate asset and made it more confused, according to which you asked.

What is the figure?

Co-founded by Cagney, who previously helped to launch another big Blockchain booster and Fintech Sofi Technologies, Figure helps to create loans.

The company claims that so far, it has paid $ 16 billion in loans, including capital lines, loans supported by crypto and digital asset exchanges, all of which bring the blockchain to consumer funding.

Actions should negotiate on the Nasdaq under the symbol of Ticker Figr.

The company based in New York, founded in 2018, is probably hoping to obtain a bite from the current landscape, where digital assets and blockchain technology are increasingly intended for consumer funding.

It is always a controversial decision.

According to its recent SEC file, the figure posted a net income of $ 29.1 million on income of $ 43.8 million for the first half of 2025, a significant reversal of a net loss of $ 15.6 million out of $ 12.5 million in revenues in the same period a year earlier.

The company first announced its intention to make public at the beginning of the month through a confidential file. Previous financing laps, including an increase sustained by a company in 2021, estimated the company at $ 3.2 billion.