Figure filed a registration statement on Form S-1 with the SEC for the proposed offering of its Series A Blockchain Common Stock, a blockchain-native equity security convertible one-for-one into Class A common stock tradable on its alternative trading system.
The non-dilutive offering involves existing Class A shares sold to Goldman Sachs & Co. LLC, Morgan Stanley and Cantor as underwriters, with Figure repurchasing and holding equivalent shares for conversions and exchanges.
The Blockchain Stock will settle exclusively on the Provenance Blockchain, trade 24x7x365, use $YLDS stablecoin for all secondary market settlement, and support transparent lending via Democratized Prime.
The transaction introduces multiple industry firsts, including the first blockchain-native public equity security, stablecoin-only settlement, and direct on-chain governance.

2 days ago

Press Release

Goldman Sachs projects U.S. stocks will lag global markets over next decade

Guidance Update

Goldman expects the S&P 500 to return 6.5% annually over the next decade, driven by 6% EPS growth, a 1% valuation decline, and a 1.4% dividend yield.
The firm recommends diversification toward emerging markets and Asia, citing stronger nominal GDP growth, structural reforms, and broad-based AI benefits versus U.S. equities.
Scenario analysis shows potential 10.5% annual returns if growth and margins outperform, but risks could lower returns to 3.6% amid margin compression or economic shocks.
Despite current high valuations and U.S. tech dominance, future gains may be limited without new ‘superstar’ companies to sustain profitability.

8 days ago

Bloomberg

Mercurity Fintech Holding Inc. to Pursue Strategic Collaboration with M2M Capital and Chaince Securities

New Projects/Investments

Entered into a non-binding MOU with M2M Capital Inc. and Chaince Securities to co-develop real-time asset valuation, tokenization, and secondary market liquidity for private markets.
Pilot integration of M2M’s AI-powered valuation platform with Mercurity Fintech’s blockchain infrastructure and Chaince’s broker-dealer execution platform, followed by a 12-month issuer onboarding pipeline.
Aims to address private markets’ historical challenges of limited transparency, illiquidity, and inefficient valuation by combining AI, blockchain, and compliant distribution channels.
Executive perspectives: Wilfred Daye emphasizes the milestone at the intersection of traditional finance and blockchain; Cristina Chen-Oster highlights faster, data-driven decision-making for companies and investors.

Nov 11, 2025, 2:00 PM

Press Release

Goldman Sachs secures record fee advising EA take-private

M&A

Debt Issuance

Goldman Sachs will receive a record $110 million advisory fee for guiding Electronic Arts through a $55 billion take-private transaction, with $10 million paid upfront and $100 million due upon completion.
The deal values EA at $210 per share, representing a 25% premium over its last closing price.
A consortium led by Saudi Arabia’s Public Investment Fund (majority stake), alongside Silver Lake and Affinity Partners (5% stake), will take EA private.
JPMorgan Chase has fully committed $20 billion in debt financing, expected to generate hundreds of millions in fees for its banking consortium.

Nov 11, 2025, 5:35 AM

CNBC

Goldman Sachs leads $435 M Armis financing at $6.1 B valuation

New Projects/Investments

Goldman Sachs Alternatives’ Growth Equity arm led a $435 million Pre-IPO financing round for Armis, lifting its valuation to $6.1 billion.
The cybersecurity firm recently surpassed $300 million in annual recurring revenue (ARR), marking over 50% year-over-year growth.
The new capital will support Armis’s push to $1 billion ARR, further product innovation, market expansion and IPO preparations.

Nov 7, 2025, 1:47 AM

Press Release

Goldman Sachs-backed Armis raises $435 M at $6.1 B valuation

New Projects/Investments

Goldman Sachs Alternatives’ Growth Equity led a $435 million funding round, valuing Armis at $6.1 billion.
Armis recently exceeded $300 million in annual recurring revenue (ARR), marking over 50 % growth.
Proceeds will fuel Armis’s three-year plan to reach $1 billion ARR and support its upcoming IPO.
The company has completed three strategic acquisitions in cloud, AI and operational-technology security, already adding millions in revenue.

Nov 7, 2025, 1:42 AM

Press Release

Goldman Sachs leads $435M investment in Armis at $6.1B valuation

New Projects/Investments

Goldman Sachs Alternatives Growth Equity led a $435 million pre-IPO round in Armis at a $6.1 billion valuation, with participation from CapitalG and Evolution Equity Partners.
Armis recently surpassed $300 million in annual recurring revenue, growing over 50%, and serves over 40% of the Fortune 100.
Proceeds will fuel Armis’s push to $1 billion ARR, support IPO preparations, and fund product innovation, go-to-market expansion, and strategic acquisitions.

Nov 5, 2025, 12:00 PM

Press Release

Goldman Sachs-backed GridStor completes Texas battery storage facility

New Projects/Investments

GridStor, backed by Goldman Sachs Asset Management, inaugurated its first Texas project, the Hidden Lakes Reliability facility, on November 4, delivering 220 MW / 440 MWh of battery storage.
The facility can power 140,000 average households during peak demand and participates in ERCOT to bolster grid reliability.
Construction employed approximately 100 full-time skilled tradespeople and will generate tens of millions of dollars in sales/use and property tax revenue for Galveston County and Dickinson ISD.
GridStor manages over 3 GW of battery storage projects in later-stage development or under construction across the western and central U.S..

Nov 4, 2025, 5:33 PM

Press Release

Goldman Sachs Group: Millennium Management Sells 15% Stake Valued at $14 Billion

M&A

15% minority, passive equity stake in Millennium Management sold for $2 billion, valuing the firm at $14 billion, executed via Goldman Sachs Asset Management’s Petershill Partners
Millennium oversees $79 billion in assets across equities, fixed income, and commodities, supported by over 6,400 employees and 330 investment teams
Since its 1989 inception, Millennium has averaged 14% annual returns and suffered a loss only once in 35 years
The transaction is framed as a strategic evolution to prepare for future leadership transitions

Nov 3, 2025, 1:36 PM

Bloomberg

Goldman Sachs CEO warns of US debt reckoning

David Solomon warns US government debt surged from $7 trillion to nearly $40 trillion since 2008, accelerated by the pandemic, and is unsustainable without growth.
He stressed the need for a growth-focused path rather than alarmist reactions to the debt trajectory.
Despite a weaker dollar, he affirmed its global reserve status supported by ~50% of global capital inflows into the US.
Goldman Sachs surpassed Wall Street profit expectations in Q3, driven by increased dealmaking activity.

Oct 31, 2025, 1:10 AM

Bloomberg

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