Episode 238: Reimagining Financial Services from First Principles with Mike Cagney of Figure
@alextapscott@mcagney@Figure@provenancefdn@CMCC_Global
0:00 Introduction
2:35 Why Figure was built
5:45 Why blockchain was core from day one
6:40 Figure’s marketplace model and DeFi capital
10:55 Collateral, unsecured lending, and reputation-based credit
13:15 Tokens as containers for financial assets
15:50 What should and shouldn’t be tokenized
17:25 Onchain securitization and retail access
19:15 DeFi capital, Hastra, and global yield demand
23:25 CLARITY, regulation, and lowering loan rates
25:50 Adoption vs crypto asset prices
35:00 Tokenization: still very early
37:50 AI, DeFi, and financial services disruption
41:15 What’s next for Figure
42:18 Closing thoughts
Banking interests are trying to throw mud on the windshield and cloud the debate over CLARITY.
Lost in the D.C. wrangling is the American consumer—and what THEY actually want.
That’s the focus of my latest for @CoinDesk
Isn’t it past time we thought about the little guy? 👇
The next unlock for crypto isn’t more protocols. It’s making DeFi usable for traditional investors. That’s how trillions enter the ecosystem.
— @mcagney, Co-Founder and Executive Chairman of @Figure
Episode 238: Reimagining Financial Services from First Principles with Mike Cagney of Figure
@alextapscott@mcagney@Figure@provenancefdn@CMCC_Global
0:00 Introduction
2:35 Why Figure was built
5:45 Why blockchain was core from day one
6:40 Figure’s marketplace model and DeFi capital
10:55 Collateral, unsecured lending, and reputation-based credit
13:15 Tokens as containers for financial assets
15:50 What should and shouldn’t be tokenized
17:25 Onchain securitization and retail access
19:15 DeFi capital, Hastra, and global yield demand
23:25 CLARITY, regulation, and lowering loan rates
25:50 Adoption vs crypto asset prices
35:00 Tokenization: still very early
37:50 AI, DeFi, and financial services disruption
41:15 What’s next for Figure
42:18 Closing thoughts
The power of globally connected onchain capital markets: someone allocating stablecoins to Hastra in Indonesia is helping lower the mortgage rate of somebody in Virginia.
— @mcagney, Co-Founder and Executive Chairman of @Figure
Episode 238: Reimagining Financial Services from First Principles with Mike Cagney of Figure
@alextapscott@mcagney@Figure@provenancefdn@CMCC_Global
0:00 Introduction
2:35 Why Figure was built
5:45 Why blockchain was core from day one
6:40 Figure’s marketplace model and DeFi capital
10:55 Collateral, unsecured lending, and reputation-based credit
13:15 Tokens as containers for financial assets
15:50 What should and shouldn’t be tokenized
17:25 Onchain securitization and retail access
19:15 DeFi capital, Hastra, and global yield demand
23:25 CLARITY, regulation, and lowering loan rates
25:50 Adoption vs crypto asset prices
35:00 Tokenization: still very early
37:50 AI, DeFi, and financial services disruption
41:15 What’s next for Figure
42:18 Closing thoughts
Yikes. Jamie Dimon calls Coinbase CEO Brian Armstrong “full of shit.”
I listened twice and don’t recall hearing the word “customer” once.
Maybe that’s because banks pay 0.3% on savings accounts—and want to keep it that way.
Figure was built around a simple idea. Connect sources and uses of capital directly. Blockchain finally makes that scalable.
— @mcagney, Co-Founder and Executive Chairman of @Figure
Episode 238: Reimagining Financial Services from First Principles with Mike Cagney of Figure
@alextapscott@mcagney@Figure@provenancefdn@CMCC_Global
0:00 Introduction
2:35 Why Figure was built
5:45 Why blockchain was core from day one
6:40 Figure’s marketplace model and DeFi capital
10:55 Collateral, unsecured lending, and reputation-based credit
13:15 Tokens as containers for financial assets
15:50 What should and shouldn’t be tokenized
17:25 Onchain securitization and retail access
19:15 DeFi capital, Hastra, and global yield demand
23:25 CLARITY, regulation, and lowering loan rates
25:50 Adoption vs crypto asset prices
35:00 Tokenization: still very early
37:50 AI, DeFi, and financial services disruption
41:15 What’s next for Figure
42:18 Closing thoughts
Thank you to @TetraDigitalGrp for inviting me to moderate the opening session this morning at CADD and Coffee, part of Toronto Tech Week!
We had a star studded panel, including:
@liamihorne of @tempo
Felipe Priuli of Tetra
Vlad Tasevski of @PurposeInvest
Victor Zhang of @Wealthsimple
The group shared how CADD and other stablecoins can modernize Canada's financial system, secure our sovereignty and extend influence throughout the world.
#TorontoTechWeek
@TOtechweek
The next evolution of DeFi is coordination. Connecting fragmented venues into one financial layer. That’s what prime brokerage enables.
— @macbrennan_cc, Founder of @project0
Episode 237: Can DeFi Survive the AI Age with Macbrennan Peet of Project 0
@alextapscott@macbrennan_cc@project0@CMCC_Global
0:00 Introduction
2:05 AI, exploits, and the changing DeFi risk landscape
4:03 Guest intro: Macbrennan Peet and Project 0
4:23 State of DeFi after Drift, KelpDAO, and Aave stress
7:45 AI-driven exploits and why protocol design matters
13:20 Using AI defensively: bug bounties, audits, and open-source security
16:05 DeFi transparency vs TradFi opacity during crises
21:45 Quantum risk, blockchains, and recoverability
22:55 AI agents as future DeFi users
28:05 Why Project 0 is building on Solana
31:05 DeFi-native prime brokerage and unified margin
32:25 Why DeFi could become safer than TradFi
34:05 Closing thoughts
Transparent systems improve after stress tests. The protocols that survive become significantly stronger. That’s what we’re seeing now.
— @macbrennan_cc, Founder of @project0
Episode 237: Can DeFi Survive the AI Age with Macbrennan Peet of Project 0
@alextapscott@macbrennan_cc@project0@CMCC_Global
0:00 Introduction
2:05 AI, exploits, and the changing DeFi risk landscape
4:03 Guest intro: Macbrennan Peet and Project 0
4:23 State of DeFi after Drift, KelpDAO, and Aave stress
7:45 AI-driven exploits and why protocol design matters
13:20 Using AI defensively: bug bounties, audits, and open-source security
16:05 DeFi transparency vs TradFi opacity during crises
21:45 Quantum risk, blockchains, and recoverability
22:55 AI agents as future DeFi users
28:05 Why Project 0 is building on Solana
31:05 DeFi-native prime brokerage and unified margin
32:25 Why DeFi could become safer than TradFi
34:05 Closing thoughts
Episode 237: Can DeFi Survive the AI Age with Macbrennan Peet of Project 0
@alextapscott@macbrennan_cc@project0@CMCC_Global
0:00 Introduction
2:05 AI, exploits, and the changing DeFi risk landscape
4:03 Guest intro: Macbrennan Peet and Project 0
4:23 State of DeFi after Drift, KelpDAO, and Aave stress
7:45 AI-driven exploits and why protocol design matters
13:20 Using AI defensively: bug bounties, audits, and open-source security
16:05 DeFi transparency vs TradFi opacity during crises
21:45 Quantum risk, blockchains, and recoverability
22:55 AI agents as future DeFi users
28:05 Why Project 0 is building on Solana
31:05 DeFi-native prime brokerage and unified margin
32:25 Why DeFi could become safer than TradFi
34:05 Closing thoughts