Michael Tannenbaum

Chief Executive Officer, Figure

Search every verified Michael Tannenbaum interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Michael Tannenbaum, CEO of Figure Technology Solutions, discussed the company's recent performance and its approach to blockchain in capital markets during an August 2026 appearance on CoinDesk's Public Keys podcast. He described Figure's record quarter, citing 95% year-over-year adjusted net revenue growth, a 55% adjusted EBITDA margin, and 132% growth in its consumer loan marketplace. Tannenbaum referred to the company as a "Rule of 150" business, contrasting it with the more common "Rule of 40" metric used by fintech investors. He also drew an analogy to Fannie Mae, stating that blockchain could serve as a standardization engine for capital markets, similar to how Fannie Mae's stamp of approval standardized mortgage-backed assets. Tannenbaum also addressed the housing market, noting that approximately $35 trillion in home equity is currently "sitting on the sidelines" in the United States. He attributed this to rising home prices over the past five to six years and the prevalence of homeowners holding mortgages at low rates, which he said makes them reluctant to move or refinance. His comments focused on the factors influencing demand in the housing sector and the potential for blockchain to streamline financial processes.