The Crypto Tape – DeFi, Prediction Markets, and the Wallet Problem with Mike Cagney
Mike Cagney is the Chairman of Figure, a company that has originated more than $25 billion of assets on-chain and built what may be the only liquid non-agency credit market in existence outside of Fannie and Freddie. Before Figure, he co-founded SoFi.
In this episode of The Crypto Tape, Frank Chaparro sits down with Mike to work through the actual mechanics of bringing real-world credit onto blockchain, why the street is now moving faster on RWA than the native crypto community, and what's still standing between DeFi and mainstream scale.
Mike's case is concrete: DeFi is asset-based lending…
The skinny
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