Figure Technologies, the blockchain-focused lender founded by SoFi co-founder Mike Cagney, is aiming for a valuation of up to $4.13 billion in its upcoming initial public offering, according to recent SEC filings.

The company and its investors plan to raise as much as $526 million through the share sale, positioning Figure as the latest crypto-linked firm to enter public markets amid renewed investor interest in new listings. Shares are expected to trade on Nasdaq under the ticker FIGR, with Goldman Sachs, Jefferies, and BofA Securities leading the underwriting syndicate.

Figure has established itself in the real-world asset (RWA) sector, originating more than $16 billion in home equity lines of credit using its Provenance blockchain infrastructure. Earlier this year, the company merged with Figure Markets, another Cagney venture that operates a blockchain marketplace and issues YDLS, a yield-bearing stablecoin structured as a tokenized money market fund.