Figure Co-Founder: How Figure Became A $10B Business

What this episode covers

This week, Mike Cagney joins the show to discuss Figure and how it became the leading non-bank HELOC lender in the U.S. We deep dive into how Figure leverages blockchain rails to scale the next evolution of capital markets before Mike shares his thoughts on tokenization, being a public vs private company, how to fix tokens and more. Enjoy! -- Follow Mike: https://x.com/mcagney Follow Jason: https://x.com/JasonYanowitz Follow Empire: https://x.com/theempirepod -- Timestamps: (00:00) Introduction (03:20) How Do Blockchains Disrupt Capital Markets? (09:28) Why Did Mike Build Figure? (27:00) Will Figure Launch a Wallet? (38:05) SoFi’s Superbowl Ads (45:42) Tokenizing Equities (55:08) The Provenance Blockchain (01:01:46) Being a Public vs Private Company (01:07:18) How To Fix Tokens (01:12:27) What’s Next For Crypto In 5 Years? -- Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, Rob and our guests may hold positions in the companies, funds, or projects discussed.

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Frequently Asked Questions

How long is this episode of Empire?

This episode is 1 hour and 14 minutes long.

When was this Empire episode published?

This episode was published on May 19, 2026.

What is this episode about?

This week, Mike Cagney joins the show to discuss Figure and how it became the leading non-bank HELOC lender in the U.S. We deep dive into how Figure leverages blockchain rails to scale the next evolution of capital markets before Mike shares his...

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