"Buckle up because...the cuffs are off."
In this conversation, Nik Milanović interviews Mike Cagney, co-founder and CEO of Figure, discussing the company's recent IPO, its innovative product Democratized Prime, and the implications of the Genius Act on capital markets. Cagney shares insights on the evolution of Figure, the role of blockchain in financial services, and the potential for decentralized finance (DeFi) to disrupt traditional banking models. The discussion highlights the importance of regulatory changes and the future landscape of financial markets as they adapt to new technologies.
00:00 Introduction to Figure and Mike Cagney
04:23 Understanding Figure's Corporate Structure
05:57 Inspiration Behind Figure's Founding
11:37 The Value of Decentralized Finance (DeFi)
14:31 The Genius Act and Its Implications
26:27 The Future of Banking and Capital Markets
31:55 Democratized Prime: A New Lending Paradigm
46:16 The Role of Blockchain in Future Financial Systems
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DisclaimerFigure Lending LLC dba Figure. Equal Opportunity Lender. NMLS 1717824. Terms and conditions apply. Visit figure.com for more information.
Figure Markets Credit LLC. 650 S. Tryon Street, 8th Floor, Charlotte, NC 28202. (888) 926-6259. NMLS ID 2559612. Terms and conditions apply. Visit figuremarkets.com/borrow for more information.
