Figure Technology Solutions and Gemini Space Station, Inc. are both pursuing initial public offerings (IPOs), with a combined target of raising up to $887 million, highlighting a surge of interest in crypto-related public listings. Figure, a blockchain-powered lending company, aims to raise approximately $526 million, while the cryptocurrency exchange Gemini is seeking to raise up to $361 million. Both companies updated their IPO filings, with Figure reporting a profit of $29 million for the first half of 2025 and Gemini reporting a net loss of $282.5 million for the same period. The simultaneous announcements, following successful debuts from other crypto firms like Circle and Bullish, signal that the market for public offerings is heating up in the digital asset sector.