MC
Transfer agents still run on 1970s rules — they need your name and a physical mailing address. For tokenized securities, a digital wallet address does the job better: more privacy, faster settlement, more engaged shareholder governance. We filed a joint comment with Securitize,
16 replies·31 reposts·127 likes·12.9K views
MC
Two of my favorite people, @MBTannenbaum and @APompliano talking about one of my favorite companies, @Figure ! Figure @Figure Nov 6 1/ “Ultimately, people who are in their homes and are looking to save money and time are not saying ‘I want to tokenize my mortgage’, but they are seeing the value of that tokenization, the capital markets see the value, the real-time data, so there’s a lot of benefits to it.”
MC
Looking forward to the 12th! Michael Tannenbaum @MBTannenbaum Nov 4 Affordability was on the ballot, and it’s top of mind for homeowners, lenders, and mortgage partners alike. At Figure, we’ve taken a $12k process --> $1k. I was at an industry summit in Charlotte yesterday, and partners and prospects said they’re prioritizing solutions that lower
MC
Thank you to @milkroaddaily and John for having me on this week - I really enjoyed the conversation discussing @Figure and @HelloNavra , and the sustainability of DeFi alpha. I also got to do the shoot in front of my Godzilla pinball machine. Milk Road Crypto @milkroaddaily Nov 4 Wall Street is collecting 2.5% for sitting in the middle of transactions. @mcagney wants to cut it out entirely. Banks can borrow at SOFR and lend that money at SOFR + 250 basis points. His argument? Blockchain can handle much of the risk management and settlement, allowing
MC
I’ve spent the last fifteen years moving lending from paper to digital to blockchain. SoFi proved borrowers didn’t need banks. Figure proved capital markets don’t need the middleman: roughly $2B a month (and growing) of real world assets now originate, finance, settle - and soon
27 replies·25 reposts·273 likes·26.2K views