Blockchain lending firm Figure Technology (FIGR.US) filed regulatory documents on Tuesday showing plans to raise up to $526.3 million through an initial public offering (IPO). Against the backdrop of a more relaxed regulatory environment under the Trump administration, the company joins the recent wave of intensive IPOs in the cryptocurrency sector.

According to documents disclosed by the Securities and Exchange Commission, Figure and its existing shareholders will sell 26.3 million Class A shares, with a pricing range set between $18 and $20 per share. Based on the upper end of the range, the company's market capitalization would reach $3.37 billion. The IPO shares are expected to officially debut on the capital markets on September 4.

Notably, the cryptocurrency industry has shown active IPO performance recently. Previously, cryptocurrency exchange Bullish (BLSH.US) and stablecoin issuer Circle Internet Group (CRCL.US) have successfully completed their listings. Analysis indicates that Figure's timing for the IPO benefits from the improved regulatory environment while also reflecting investors' continued attention to cryptocurrency-related fintech companies.

As a blockchain technology-based lending institution, Figure's listing plan marks further deepening of the integration between traditional finance and the crypto economy. Its business model combines the efficiency of blockchain technology with the compliance of traditional credit services. Under the Trump administration's push for financial innovation policies, the market performance of such companies deserves continued attention.