Breakpoint 2025: Figure with Mike Cagney

📅 Feb 23, 2026 Real Vision Presents 8 MIN 312 VIEWS 3 SEGMENTS · 2 SPEAKERS

🔥 Get Raoul Pal's free PDF report to Unf*ck Your Future: https://rvtv.io/3YOZZUe. In partnership with Solana, we're releasing the best conversations from Breakpoint 2025. Today, we have Mike Cagney, co-founder and executive chairman of Figure, for a keynote presentation. Recorded December 12, 2025. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com About Real Vision™: We arm you with the knowledge, the tools, and the network to succeed in your financial journey. Elevate your brand with Real Vision. Connect with us at [email protected] to expl...

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2 more exchanges in this transcript

Cite this transcript

APA, MLA, BibTeX

APA

Cagney, M. (2026, February 23). Breakpoint 2025: Figure with Mike Cagney [Interview transcript]. Real Vision Presents. CEOInterviews.AI. https://ceointerviews.ai/interview/721074/

MLA

Mike Cagney. "Breakpoint 2025: Figure with Mike Cagney." Real Vision Presents, 23 Feb. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/721074/.

BibTeX

@misc{cagney2026_721074,
  author       = {Mike Cagney},
  title        = {Breakpoint 2025: Figure with Mike Cagney},
  howpublished = {Interview transcript, Real Vision Presents. CEOInterviews.AI},
  year         = {2026},
  month        = {feb},
  url          = {https://ceointerviews.ai/interview/721074/},
  note         = {Speaker-attributed transcript with timestamps}
}

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Key Quotes (2)

“The regulators said, "We're not going to let you do this. Blockchain is not consistent with safety and soundness in the banking system." So I went and started an S1 with the SEC to create a blockchain-native public security that pays interest but has stable value — effectively a security version of stablecoin.”

▶ 3:12 CONTROVERSIAL POLICY

“We're issuing a new version of Figure equity native on public blockchain — it won't sit at the DTCC, trade on NASDAQ, or work through introducing brokers like Robinhood or prime brokers like Goldman Sachs; it's native on chain and will trade on our ATS as a self-custody, self-settle, self-clear marketplace.”

▶ 6:38 CONTROVERSIAL POLICY

More interviews with Mike Cagney

Reimagining Financial Services from First Principles with Mike Cagney of FigureMay 28, 2026 · The DeFi Decoded Podcast · 42 min
Figure Co-Founder: How Figure Became A $10B Business | Mike CagneyMay 19, 2026 · Empire · 74 min
Mike Cagney on DeFi, Prediction Markets, and Crypto Wallets | The Crypto TapeApr 02, 2026 · GSR · 40 min
Mike Cagney (Figure) on Blockchain Capital Markets (EP.673)Mar 04, 2026 · On The Brink with Castle Island · 36 min
On-Chain Equities and the Evolution of Market Infrastructure with Mike Cagney of FigureFeb 17, 2026 · Rebank · 39 min
A New "Magnificent Seven" of Web3? ft. Mike Cagney from Figure MarketsFeb 10, 2026 · Real Vision · 18 min

All Mike Cagney transcripts →

About Mike Cagney

Mike Cagney, co-founder and executive chairman of Figure, has been discussing the company's use of blockchain to originate and manage real-world assets on-chain. In recent interviews, he stated that Figure has originated more than $25 billion of assets on-chain and described the company's goal of disintermediating capital allocation by bringing it directly to sources and uses. He noted that Goldman Sachs uses Figure's blockchain for warehouse lending and that the company has issued its own equity natively on the blockchain. Cagney also commented on the potential for DeFi capital to lower borrowing costs for consumers, saying that stablecoin allocated to a DeFi protocol in Indonesia could reduce a mortgage rate in Virginia. Cagney has also shared his views on the broader blockchain and crypto industry. He described blockchain as "maybe the most disruptive technology we'll ever have in our lifetimes" and argued that tokenized assets should be treated as securities. He criticized existing crypto wallet designs as providing a poor user experience and expressed interest in bringing fintech design principles to web3 wallets. Regarding regulation, Cagney said that legislative clarity would codify current regulatory intentions into law, which he described as defensible for companies like Figure. He also predicted that within 10 years there would be a wholesale transition of capital markets onto blockchain.

All Mike Cagney appearances → Real Vision Presents on YouTube →