Digital Currents Tech IPOs Heat Up: Figure Debuts, Gemini on Deck
Sep 13, 2025
The podcast dives into the exciting wave of tech IPOs, spotlighting Figure Technology Solutions’ impressive Nasdaq debut that raised nearly $800 million. Anticipation builds for Gemini's upcoming IPO, bolstered by a strategic investment from Nasdaq. The discussion highlights the shift towards blockchain and AI in finance and the competitive landscape against established players like Coinbase. Insights into the complexities of crypto fundraising and the importance of strong management set the stage for understanding the evolving digital asset market.
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How Figure Hooked Early Investors
- Mark describes first encountering Mike Cagney and Figure in a small office and being immediately impressed by their blockchain provenance vision.
- That early meeting led to Morgan Creek investing and following Figure through multiple rounds to its IPO.
Tokenization As Financial Infrastructure
- Figure builds blockchain rails to tokenize real-world assets and provide provenance for financial services.
- Tokenization enables faster, cheaper lending and a new foundation for financial rails.
Innovation Improves Systems, Not Just Disrupts
- Innovation replaces old systems rather than simply burning them down, improving speed and capability.
- Successful tech cycles create new jobs and better lives despite displacing some incumbents.
