Figure Technology files second SEC IPO to issue equity on Solana blockchain

On December 13, 2025 (UTC), Figure Technology Solutions said it has filed a second IPO with the SEC, seeking authorization to issue its own equity directly on the Solana blockchain. CEO Mike Cagney outlined plans to trade the tokenized shares via Figure's alternative trading system—rather than Nasdaq or NYSE—and enable DeFi uses such as lending and borrowing.