---
title: "Mike Cagney’s second act: Turning blockchain into Wall Street’s new plumbing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284996044.md"
description: "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."
datetime: "2026-05-03T13:15:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284996044.md)
  - [en](https://longbridge.com/en/news/284996044.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284996044.md)
---

# Mike Cagney’s second act: Turning blockchain into Wall Street’s new plumbing

-   Figure topped $1 billion in monthly loan originations in March for the first time, validating its tokenized credit marketplace.
-   CEO Mike Cagney said he is using blockchain to cut intermediaries across securitization, lending and stock borrowing.
-   New products, from DeFi credit vaults to tokenized equities, aim to democratize access to yield.

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