Mike Cagney’s second act: Turning blockchain into Wall Street’s new plumbing
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Figure, led by CEO Mike Cagney, achieved over $1 billion in monthly loan originations in March, marking a significant milestone for its tokenized credit marketplace. Cagney is leveraging blockchain technology to eliminate intermediaries in securitization, lending, and stock borrowing. The company is also introducing new products, including DeFi credit vaults and tokenized equities, to enhance access to yield for a broader audience.
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