Mike Cagney![]()
Founder @Cabezon, SoFi, Figure, Provenance and Figure Markets
Mike is the Co-founder and Chief Executive Officer of Figure, where he leads corporate strategy and development. Mike brings decades of experience in the financial industry to his leadership of the company, previously serving as CEO, chairman and co-founder of SoFi.
This is a significant milestone. Originators who could have sold their loans to @FannieMae or @FreddieMac chose to sell their loans in @Figure's marketplace. Why? Because they made more money that way. How? Blockchain. I want this to sink in. A private capital market
Mike Cagney
Aug 18
I think there are three milestones of stablecoin evolution now that the GENIUS Act is law. The first two will happen concurrently. The latter will happen after the first two occur. The latter is the most impactful in challenging current markets and creating new, greenfield
Mike Cagney
Aug 18
I've spoken about this before - losing labor mobility probably has a negative impact on productivity, but is actually beneficial to wage - and therefore broader - inflation. https://t.co/xvwz1ZVPY8 via @WSJ
Mike Cagney
Aug 15
The recent exciting announcement from @animocabrands and @ProvLabs is part of a growing pool of third parties being able to access @Figure collateral on @provenancefdn. With $YLDS as a yielding stablecoin and fiat rail, over $15B in accessible RWA TVL (and counting) and
Mike Cagney
Aug 12
Ask most engineers and they'll tell you building on blockchain is a pain. It's slow, unwieldy and by its immutable nature, unforgiving. But it has a single superpower: the ability to displace trusth with truth. This power will ultimately disrupt all of financial services.
Mike Cagney
Aug 08
One of the things the CLARITY Act should do is introduce common sense to DeFi regulation. Historically regulators look at this as a binary issue, but they should take into consideration the degree of control a protocol has over assets and apply regulation in a commensurate
Mike Cagney
Aug 06