Blockchain technology paves the way for $5.3 billion in financing

Figure Technologies Inc. is preparing for a Nasdaq IPO with an estimated valuation of up to $5.3 billion, making it one of the most anticipated blockchain-related publicly-owned companies. The U.S.-based company operates a blockchain lending platform that has seen transaction volumes increase by 300% over the past year, driven by institutional adoption. The company plans to go public directly, which could set a precedent for other fintech companies seeking public capital that are not traditionally underwriting methods.