

Figure CEO Reveals: How the World's No. 1 Tokenizer of Real World Assets Leads (Michael Tannenbaum)
My Fintech Newsletter for more interviews and the latest insights:
↪︎ https://rexsalisbury.substack.com/
Figure’s CEO Michael Tannenbaum shares how blockchain is transforming home equity and mortgage lending following one of the year’s biggest IPOs. Learn about Figure’s journey from a contrarian startup to market leader, real asset tokenization, and rapid loan closures. Explore how partners use their tech to save time and money, tackle standardization and audits, and navigate industry criticism. Get insights on blockchain’s future in finance, tokenized equities, and the evolving DeFi landscape.
Michael Tannenbaum: https://www.linkedin.com/in/michaeltannenbaum/
00:00:00 - Figure’s Massive IPO and Blockchain Vision
00:00:41 - Revolutionizing Home Equity Access
00:01:07 - Blockchain’s Key Benefits in Finance
00:01:43 - Why Consumers Care About Housing Innovation
00:02:43 - Slashing HELOC Costs and Timelines
00:03:49 - Shifting from Credit Cards to Home Loans
00:05:02 - Boosting Secondary Market Liquidity
00:06:30 - From Proof of Concept to $10B+ Loans
00:07:55 - Why Start with HELOCs as Green Field
00:09:21 - Tokenizing Assets Post-2008 Lessons
00:10:29 - Avoiding ICO Hype for Long-Term Build
00:11:46 - Scaling with 170+ Partners
00:13:14 - Launching Pure Marketplace Model
00:14:32 - Evolving to First-Lien Mortgages
00:15:46 - Attacking Core Mortgage Market
00:17:16 - Penetrating Mass Affluent Demographics
00:18:35 - How Blockchain Ensures Efficiency
00:20:10 - Immutable Data Cuts Audit Needs
00:21:42 - Perfecting Liens with DART Tech
00:23:34 - Comparing to Unsecured Loan Markets
00:25:28 - Addressing Banker Adoption Risks
00:27:03 - Flywheel of Growth and Evangelists
00:28:48 - Stablecoin Settlement Advantages
00:30:01 - Automating Servicing and Prepayments
00:31:37 - Responding to Decentralization Critics
00:33:05 - Connecting Assets to DeFi Future
00:34:39 - Tokenizing Equity for Cross-Collateral
00:35:40 - Democratize Prime: DeFi Marketplace
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