From the LendIt Fintech Vault: Mike Cagney of Figure on Beyond the Hype – How Blockchain Changes Everything

With Figure in the news this week completing their first securitization using blockchain we thought it would be interesting to revisit CEO Mike Cagney’s keynote from LendIt Fintech USA 2019; he goes through a detailed explanation of how he intended to complete a securitization using their Provenance blockchain technology; from origination to receiving payments to trading, financing and securitizing loans he lays out how this process will work; the value proposition is a savings of 150-200 bps over a traditional securitization; he also describes how the tokenization will work with their Hash token. Register Here

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