Mike Cagney’s second act: Turning blockchain into Wall Street’s new plumbing
Burns Brief
Figure’s $1 billion month capped a years-long push to strip out middlemen from credit markets, bringing real-world assets, lending and even equities onchain Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
Figure’s $1 billion month capped a years-long push to strip out middlemen from credit markets, bringing real-world assets, lending and even equities onchain.
Key Takeaways
- Figure’s $1 billion month capped a years-long push to strip out middlemen from credit markets, bringing real-world assets, lending and even equities onchain