#  @mcagney Mike Cagney Mike Cagney posts on X about blockchain, $ylds, rwa, solana the most. They currently have [------] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours. ### Engagements: [------] [#](/creator/twitter::42274287/interactions)  - [--] Week [-------] +1,283% - [--] Month [-------] +109% - [--] Months [---------] +326% - [--] Year [---------] +3.40% ### Mentions: [--] [#](/creator/twitter::42274287/posts_active)  - [--] Week [--] +41% - [--] Month [--] -13% - [--] Months [---] +170% - [--] Year [---] +43% ### Followers: [------] [#](/creator/twitter::42274287/followers)  - [--] Week [------] +1% - [--] Month [------] +2.60% - [--] Months [------] +17% - [--] Year [------] +30% ### CreatorRank: [-------] [#](/creator/twitter::42274287/influencer_rank)  ### Social Influence **Social category influence** [finance](/list/finance) [cryptocurrencies](/list/cryptocurrencies) #932 [exchanges](/list/exchanges) [stocks](/list/stocks) [technology brands](/list/technology-brands) [automotive brands](/list/automotive-brands) [currencies](/list/currencies) [social networks](/list/social-networks) [events](/list/events) [countries](/list/countries) **Social topic influence** [blockchain](/topic/blockchain) #230, [$ylds](/topic/$ylds), [rwa](/topic/rwa) #44, [solana](/topic/solana), [native](/topic/native) #343, [$hash](/topic/$hash), [defi](/topic/defi) #304, [money](/topic/money), [liquidity](/topic/liquidity) #1096, [fiat](/topic/fiat) **Top accounts mentioned or mentioned by** [@figure](/creator/undefined) [@provenancefdn](/creator/undefined) [@figuremarkets](/creator/undefined) [@elveton101](/creator/undefined) [@ionicdigital](/creator/undefined) [@celsiusnetwork](/creator/undefined) [@solana](/creator/undefined) [@booklilifee](/creator/undefined) [@hastrafi](/creator/undefined) [@coingecko](/creator/undefined) [@simondixontwitt](/creator/undefined) [@ftxofficial](/creator/undefined) [@celsiusfacts](/creator/undefined) [@suinetwork](/creator/undefined) [@madeye181](/creator/undefined) [@patrabbitte1](/creator/undefined) [@aarondbennett](/creator/undefined) [@defillama](/creator/undefined) [@mhebe3et](/creator/undefined) [@kamino](/creator/undefined) **Top assets mentioned** [Solana (SOL)](/topic/solana) [Celsius (CEL)](/topic/celsius) [Coinbase Global Inc. (COIN)](/topic/coinbase) [Kamino (KMNO)](/topic/kamino) [USDC (USDC)](/topic/usdc) [Raydium (RAY)](/topic/raydium) [Bitcoin (BTC)](/topic/bitcoin) [Ethereum (ETH)](/topic/ethereum) [Figure Technology Solutions, Inc. (FIGR)](/topic/$figr) [Goldman Sachs (GS)](/topic/goldman-sachs) [Rally (RLY)](/topic/rally) ### Top Social Posts Top posts by engagements in the last [--] hours "I wonder what #blockchain and #crypto will look like #25years from now Feels like we're already moving past the fiasco's of 2022" [X Link](https://x.com/mcagney/status/1773376991271833773) 2024-03-28T15:49Z 21.1K followers, [----] engagements "Thank you to the thousands of shareholders who have filled out the form supporting a public board meeting at Ionic Digital. We did meet privately with the company yesterday per their press release. We pressed for changes including overhauling the board replacing the mining agreement and providing immediate liquidity for shareholders with capital to buy for those who want to sell and a path to create value for those who want to stay in. If you had gotten BTC instead of Ionic shares you'd be up 68% since 2/1. Instead you are down (probably over 75%) - and have no liquidity. Let's fix this." [X Link](https://x.com/mcagney/status/1851271545206829448) 2024-10-29T14:35Z 20.6K followers, [----] engagements "So what if we offered the following. BTC second mortgage. Let's say you have a $500K home and a $350K mortgage. We lend you up to $250K (1.2 CLTV) to buy BTC subject to you holding the BTC in escrow as collateral. No credit check no underwriting. Market interest rate. Fully prepayable without penalty. Or BTC first mortgage. We've done these before. You put up $500K in BTC as collateral and we lend you $500K to buy a $500K property. No money down. What other creative crypto/real estate loans should we bring to market" [X Link](https://x.com/mcagney/status/1862198418581725512) 2024-11-28T18:14Z 20.7K followers, 478.6K engagements "@booklilifee @CelsiusNetwork @IonicDigital When Fahrenheit fell apart we submitted an even better proposal/bid - but were told that the UCC was not interested and if I published my bid W&C was going to sue me because the debtor had exclusivity. But I'm focused on the future now - and getting Ionic liquid" [X Link](https://x.com/mcagney/status/1884672422324097210) 2025-01-29T18:38Z 18.6K followers, [----] engagements "If Coinbase has $420B in assets it would actually be the 10th largest bank in between Capital One and TD Bank. But I'm not sure that's something to boast about. No one should be holding your crypto but you. FTX was only three years ago - how fast people forget" [X Link](https://x.com/mcagney/status/1888296204385280125) 2025-02-08T18:37Z 18.2K followers, [----] engagements "This week three shareholders VentonVejseli Brett Perry and Chris Villinger with the support of Figure Markets and GXD Labsfiled suit against Ionic Digital in Delaware Chancery Court to compel production of a complete list of the Companys stockholders to enable a solicitation for an alternate slate of directors at the [----] annual meeting. The complete complaint can be found here: Ionic forced this action as it has denied legitimate shareholder requests for the stockholder list for months. More coming here - stay tuned https://drive.google.com/file/d/1SEWOCjkjwY7fwvyiX4Y2UQlbELaF9-80/view" [X Link](https://x.com/mcagney/status/1889437180390686723) 2025-02-11T22:11Z 18.3K followers, 11.2K engagements "The answer to this WSJ question: not you. With decentralized MPC there is no reason to use centralized custodians. Don't forget FTX. https://www.wsj.com/finance/currencies/coinbase-crypto-ownership-accounting-7c97b26amod=lead_feature_below_a_pos1 https://www.wsj.com/finance/currencies/coinbase-crypto-ownership-accounting-7c97b26amod=lead_feature_below_a_pos1" [X Link](https://x.com/mcagney/status/1892283993493536802) 2025-02-19T18:43Z 18.3K followers, [----] engagements "Big day for Figure Markets. First I got to talk about blockchain RWAs and our vision for the future with @RaoulGMI. I really appreciate him taking the time to speak with me and hope this helps bring more light to the goals of Figure Figure Markets and Provenance. https://x.com/raoulgmi/status/1892529643724657081s=46&t=sVpRYO3j8bLfeoWFnrtQig https://x.com/raoulgmi/status/1892529643724657081s=46&t=sVpRYO3j8bLfeoWFnrtQig" [X Link](https://x.com/mcagney/status/1892596500728865009) 2025-02-20T15:25Z 18.4K followers, 16.7K engagements "Second big piece of news - we launched YLDS today. First public blockchain public security stable coin. Pays over 3.8% (today) p2p transferable on Provenance Blockchain but the Provenance Foundation will wrap it to other L1s/DeFi protocols. Will be used for collateral payments cross border remit and more. This is the beginning of real transformation. https://www.figuremarkets.com/resources/figure-markets-announces-ylds-first-yield-bearing-stablecoin/ https://www.figuremarkets.com/resources/figure-markets-announces-ylds-first-yield-bearing-stablecoin/" [X Link](https://x.com/mcagney/status/1892645367344238973) 2025-02-20T18:39Z 21.2K followers, [----] engagements "Ok - now that YLDS is live who wants to start building on it On chain public security. Fixed dollar price and daily accumulated interest. Freely transferable p2p. Beyond the use case of exchange collateral I'd love to see third parties lean in to use YLDS for cross border remit payment rails and fintech backend. First movers will get a huge advantage here and the @provenancefdn is providing support for teams to build on YLDS. https://lnkd.in/g55rtPuT https://lnkd.in/g55rtPuT https://lnkd.in/g55rtPuT https://lnkd.in/g55rtPuT" [X Link](https://x.com/mcagney/status/1893768601255199219) 2025-02-23T21:03Z 21.4K followers, [----] engagements "Talking about using your home equity to buy BTC - and giving some BTC away in the process Come join @FigureMarkets for an AMA/Giveaway about Bitcoin HELOCa product that lets homeowners use their home equity to invest in Bitcoin. Mike Cagney CEO @mcagney will be live on Feb. 25th to answer. The [--] best questions wins $100 in BTC as a reward. https://t.co/FpK919SW1m Come join @FigureMarkets for an AMA/Giveaway about Bitcoin HELOCa product that lets homeowners use their home equity to invest in Bitcoin. Mike Cagney CEO @mcagney will be live on Feb. 25th to answer. The [--] best questions wins $100" [X Link](https://x.com/mcagney/status/1894084646498967825) 2025-02-24T17:59Z 18.4K followers, [----] engagements "Thanks NYSE for giving a nod to YLDS today" [X Link](https://x.com/mcagney/status/1894121847823708646) 2025-02-24T20:26Z 21.3K followers, [----] engagements "This. If you say you are tired of the "trust me bro" how do you put up with this behavior How has a public company (and they are public just not listed) gone over a year without producing a single financial report - even unaudited I'd suggest we ask Elizabeth LaPuma to do a spaces to debate with Abbate and let shareholders decide but she needs an X account first. Unless she's one of those very few anonymous company cheerleaders. Ionic issued its proxy materials last night and and left more questions than answers: - What is the size of the Board - How many total board seats are there - When" [X Link](https://x.com/mcagney/status/1894516589753766200) 2025-02-25T22:35Z 18.4K followers, [----] engagements "Excited to be on @FintechTvGlobal today talking YLDS and blockchain with @VinceMolinari https://www.fintech.tv/News/Detail/9392-figure-markets-launches-yield-bearing-stablecoin-poised-to-drive-blockchain-adoption-mike-cagney-co-founder-ceo-of-figure-markets- https://www.fintech.tv/News/Detail/9392-figure-markets-launches-yield-bearing-stablecoin-poised-to-drive-blockchain-adoption-mike-cagney-co-founder-ceo-of-figure-markets-" [X Link](https://x.com/mcagney/status/1894517287106892257) 2025-02-25T22:38Z 21.3K followers, [----] engagements "@punk2641 @FigureMarkets @ProvLabs You will be able to go directly to Figure Certificate Company to buy YLDS soon and there are third parties who will buy/sell YLDS coming online now. Prov Labs is a good option to build applications on YLDS" [X Link](https://x.com/mcagney/status/1894845483761144235) 2025-02-26T20:22Z 21.3K followers, [--] engagements "@happytokenizing @Figure Not just funded - the largest RWA company period. Over $42B in public blockchain RWA transactions and growing" [X Link](https://x.com/mcagney/status/1895164075400929556) 2025-02-27T17:28Z 21.4K followers, [---] engagements "With YLDS we have the ability to move dollars - backed by a security issued by a US regulated company with 1:1 reserves - on blockchain. One use case that I've thought about for awhile is the UAE/India cross border remit corridor. Using YLDS would allow for instant low cost transfer - no nostro/vostro accounts and intermediaries. I have UAE on ramps and India off ramps but how do I take this to market Looking for thoughts and/or partners here" [X Link](https://x.com/mcagney/status/1896602498124906988) 2025-03-03T16:44Z 21.3K followers, [----] engagements "@pitdesi Provenance Blockchain is a public blockchain. I don't believe in private/permissioned blockchains" [X Link](https://x.com/mcagney/status/1945227195430981837) 2025-07-15T21:01Z 20.6K followers, [---] engagements "Excited to announce that we are recombining @Figure and @FigureMarkets. I split the company in two last year given the regulatory headwinds around blockchain. I was fortunate to bring Mike Tannenbaum in as CEO of Figure and I became CEO of Figure Markets. With the change in the regulatory environment and the growing public market enthusiasm for blockchain companies it made sense to recombine the companies. Michael will be the CEO of the recombined Figure and I'll be the Executive Chairman. I won't be doing anything different - I'm still 100% focused on Figure Provenance Blockchain Foundation" [X Link](https://x.com/mcagney/status/1945908675190866150) 2025-07-17T18:09Z 20.6K followers, 21.8K engagements "I just spent a few minutes responding to someone falsely suggesting Provenance Blockchain is a permissioned chain so let me set the record straight on Provenance Blockchain and how Figure uses it in one post for subsequent reference (by me or you). Provenance Blockchain is a decentralized public proof of stake blockchain. It is built on the Cosmos SDK and uses the Tendermint consensus module. It has a robust independent community of validators. Figure - the largest holder of $HASH which is the governance token - holds 20% of the supply but does not vote and delegates across multiple" [X Link](https://x.com/mcagney/status/1953161197148405808) 2025-08-06T18:28Z 20.6K followers, [----] engagements "Slowly working our way onto the aggregator's reporting. Figure HELOCs represent the 17th largest crypto asset on CoinGecko. Now we need them to show Provenance Blockchain as the #2 public chain by TVL and capture loan trading volume on Figure Markets - stay tuned" [X Link](https://x.com/mcagney/status/1962860627245854913) 2025-09-02T12:50Z 20.6K followers, [----] engagements "Super excited to have been on @MorningsMaria this morning talking about @Figure @FigureMarkets and blockchain. Thank you for having me @MariaBartiromo. https://www.foxbusiness.com/video/6379496837112 https://www.foxbusiness.com/video/6379496837112" [X Link](https://x.com/mcagney/status/1967666194368049210) 2025-09-15T19:05Z 20.6K followers, [----] engagements "We are very focused on helping list $HASH at the largest CEXs. Once that happens we'll expand listing. As I've said there are/were several steps in this process including aggregator listing (partially done with more work in progress) market makers (we are negotiating terms) and listing. We're in this for the long haul and managing lots of priorities between Figure and Provenance. Some pretty impressive numbers on re: loan growth. https://provenance.io/pulse https://provenance.io/pulse https://provenance.io/pulse https://provenance.io/pulse" [X Link](https://x.com/mcagney/status/1973093114287104291) 2025-09-30T18:30Z 20.6K followers, [---] engagements "Per Freddie Macs [----] Cost to Originate document retail lenders paid an average of $11600 to produce a mortgage. On a $200000 mortgage $11600 is 5.8%. You generally arent going to be selling Freddie (or Fannie or anyone) that loan for a 5.8% gain. As a result loan officers wont originate these loans because they cant make money. By harnessing the efficiency of blockchain - reducing origination costs providing for market liquidity and soon - cheaper warehousing through DeFi - @Figure makes these loans profitable for originators and loan officers. We enable our partners to offer competitively" [X Link](https://x.com/mcagney/status/1975312763598917812) 2025-10-06T21:30Z 21.4K followers, [----] engagements "If you are a smaller bank the big banks are coming after your retail deposits with a compelling stablecoin value prop. As a small bank you can defend against this by offering a yielding coin. All the utility of stablecoin but with a yield. And you keep the deposits on your balance sheet (but have to pay interest). You are taking fungible counterparty risk but the coin is backed exclusively with treausries and bank deposits and is SEC-regulated with regular audits and reporting" [X Link](https://x.com/mcagney/status/1976041481589895270) 2025-10-08T21:46Z 20.6K followers, [---] engagements "@EpochParallax @FigureMarkets @provenancefdn Working on it - it's one of my top three priorities. I made some mistakes when we launched $HASH several years ago that have made this more complicated than it should be but they are being remedied" [X Link](https://x.com/mcagney/status/1976676677519540584) 2025-10-10T15:50Z 20.7K followers, [---] engagements "Im looking forward to joining a tremendous group of entrepreneurs at @GoldmanSachs Builders and Innovators Summit this week. And I'm especially excited to see @Chef_Valette pouring his Valette Cab Wednesday night #GSInnovators" [X Link](https://x.com/mcagney/status/1977776617822023722) 2025-10-13T16:41Z 20.6K followers, [----] engagements "Expand on that more for me. I view liquidity as being germane to knowledge of ownership and provenance. For example with our loans you know there is only one loan (on chain) and how it's performed (also on chain). For liquidity I view the same value prop for bilateral lending. Neither seem dependent on transactional efficiency" [X Link](https://x.com/mcagney/status/1981440240133804040) 2025-10-23T19:19Z 20.7K followers, [---] engagements "@djatlantic @CryptoTiMb3R @RWAwatchlist_ @provenancefdn We are working on that goal but you can trade $HASH on with self-custody and no transaction fees. http://figuremarkets.com http://figuremarkets.com" [X Link](https://x.com/mcagney/status/1982167592274956660) 2025-10-25T19:29Z 21.4K followers, [---] engagements "Lots of questions around the volatility of $FIGR_HELOC price on @coingecko the past few days. And I have answers. Coingecko takes a feed from the Figure loan marketplace. Whenever loans trade the price is updated. Usually that price is around $1 (right now it's $1.03). That translates to about $13.6B in TVL today. And that's close to what's on Sometimes loans will trade at different prices. For example delinquent loans might trade at a sharp discount as a small pool did this weekend. Or high coupon loans could trade at a big premium as a pool did earlier this morning (the 28th). The net is" [X Link](https://x.com/mcagney/status/1983256400701555097) 2025-10-28T19:35Z 21K followers, [----] engagements "@drcreeptic @coingecko And we are public blockchain RWA" [X Link](https://x.com/mcagney/status/1983647590051934507) 2025-10-29T21:30Z 20.7K followers, [--] engagements "@malekanoms This is right. There is no utility in a tokenized bank deposit. And remember @provenancefdn is public not permissioned" [X Link](https://x.com/mcagney/status/1985025192947785940) 2025-11-02T16:44Z 21K followers, [---] engagements "Big numbers Thanks to @artemis for capturing @Figure activity on @provenancefdn. Figure is the largest public chain RWA player and Provenance Blockchain is the leading public chain for RWAs. First it was credit then stables and soon.equity https://x.com/artemis/status/1985390247656706470 Real-world assets are moving on-chain. Today Artemis adds dashboards for: @Figure: $13.1B TVL + loan balance of $13.6B @provenancefdn (HASH): $17.7B TVL + 60.1K DAUs Track every metric below 👇 https://t.co/AtAGp4D4hP https://x.com/artemis/status/1985390247656706470 Real-world assets are moving on-chain." [X Link](https://x.com/mcagney/status/1985398712399458326) 2025-11-03T17:28Z 21.4K followers, [----] engagements "Blockchain solves this. @Figure can't double pledge or pledge fraudulent loans to @GoldmanSachs because we use @provenancefdn and DART. Soon this will be the norm. via @WSJ https://www.wsj.com/finance/investing/wall-street-intensifies-scrutiny-of-fraud-after-spate-of-loan-losses-0397bc55st=Wv133u https://www.wsj.com/finance/investing/wall-street-intensifies-scrutiny-of-fraud-after-spate-of-loan-losses-0397bc55st=Wv133u" [X Link](https://x.com/mcagney/status/1985738159326396437) 2025-11-04T15:57Z 21.4K followers, [----] engagements "Crypto volatility can be rough - especially on days like today. To better manage volatility with peace of mind you now can borrow against your BTC at @Figure with the option of no liquidation/margin risk and your coins stay in your MPC wallet (we don't lend them out and you are bankruptcy remote from us). Rates with liquidation protection on [--] month loans start at 8.91% (12.12% APR). We're working on extending this to ETH and SOL as well - stay tuned. Figure is the blockchain loan leader withover$20B in loans originated since2018." https://www.figure.com/crypto-backed-loan/" [X Link](https://x.com/mcagney/status/1985816415236943872) 2025-11-04T21:08Z 20.8K followers, [----] engagements "The @Figure team made this with AI. Never face a margin call again Let's say you put up $100 in BTC to borrow $50. If at maturity the value of the BTC is $30 you walk away. No margin calls - ever. https://youtu.be/rqZmYAhL8MYsi=JuUkhGTpXI0R7weG https://youtu.be/rqZmYAhL8MYsi=JuUkhGTpXI0R7weG" [X Link](https://x.com/mcagney/status/1986078310971949522) 2025-11-05T14:29Z 20.8K followers, [----] engagements "@djatlantic @Figure We hedge it - you can think of it as us buying puts" [X Link](https://x.com/mcagney/status/1986101180586680762) 2025-11-05T15:59Z 20.8K followers, [---] engagements "No - we take the risk. The key for borrowers is - you put up $100K in BTC. You borrow $50K. If the value of the BTC falls below the $50K plus interest when the loan matures in [--] months you walk. If not you pay your principal and interest and take the remaining BTC. The BTC sits in an MPC wallet. What we do to hedge doesn't impact your collateral or the terms of the contract - you don't take Figure risk" [X Link](https://x.com/mcagney/status/1986426317014028597) 2025-11-06T13:31Z 20.8K followers, [--] engagements "If you own $HASH and/or are interested in @provenancefdn tune in tomorrow for our update https://x.com/provenancefdn/status/1986528571024928943 Reminder Provenance Pulse Check This Friday Join @juneou Executive Director of Provenance and @mcagney Board Member of Provenance Blockchain and Executive Chairman of @Figure for a live discussion on: - Provenance network growth and adoption - Institutional use cases https://t.co/8BhrGNDazP https://x.com/provenancefdn/status/1986528571024928943 Reminder Provenance Pulse Check This Friday Join @juneou Executive Director of Provenance and @mcagney Board" [X Link](https://x.com/mcagney/status/1986619088622526561) 2025-11-07T02:17Z 21.4K followers, [----] engagements "Blockchain wallets are going to completely disrupt how financial services work. Today you have an account at a firm like SoFi. They provide you access to crypto markets securities markets banking loans all through their native app. Its convenient but you are captive to their solutions and they intermediate your access to these things at your expense (e.g. as introducing broker to exchanges etc.). I believe this paradigm will shift. You will have a wallet. The wallet can attach to whatever crypto exchange securities marketplace or DeFi (lending) protocol you choose. You self-custody your" [X Link](https://x.com/mcagney/status/1987634551108272377) 2025-11-09T21:33Z 20.9K followers, 28.8K engagements "@AlexH_Johnson Historically it hasn't been great re: user experience but it can - and will. For securities safety will be better than the tradfi alternatives. For true bearer assets MPC is one way to mitigate (or eliminate) key risk" [X Link](https://x.com/mcagney/status/1987698085158674871) 2025-11-10T01:45Z 20.8K followers, [---] engagements "@standing5033 Not for securities and with MPC not for crypto either" [X Link](https://x.com/mcagney/status/1987699002113220620) 2025-11-10T01:49Z 20.8K followers, [---] engagements "@TridentSolana @SolanaFndn @nickducoff @Figure Being able to use your stock to buy BTC or lend you stock out for borrow on DeFi is way better than trading at [--] a.m" [X Link](https://x.com/mcagney/status/1988647406192460224) 2025-11-12T16:37Z 20.9K followers, [--] engagements "@NathanielJ65018 Tokens are only valuable if they yield have utility applications or for novelty. And yield is the most important. That's why the @provenancefdn is working to bolster tokenomics against RWA use cases" [X Link](https://x.com/mcagney/status/1988650743159816402) 2025-11-12T16:50Z 21.4K followers, [--] engagements "@jevgenijs That would be great - but it disrupts their own model. Will they let you trade crypto - for example - on DeFi and give up the economics themselves Or will they charge you for it and defeat the benefit of having that choice. We'll see" [X Link](https://x.com/mcagney/status/1988651477427212781) 2025-11-12T16:53Z 20.9K followers, [---] engagements "@GanguliArko I think @Figure and @provenancefdn are driving these use cases. We can't rely on others to step in and innovate here - I think we'll do for most assets what we've already done for credit" [X Link](https://x.com/mcagney/status/1988651798572474806) 2025-11-12T16:55Z 21.4K followers, [--] engagements "@AlexH_Johnson It hasn't - and user experience has been one of the biggest impediments to broader adoption. But this can be fixed (albeit a bit of threading the needle)" [X Link](https://x.com/mcagney/status/1988652859915976839) 2025-11-12T16:59Z 20.9K followers, [--] engagements "Figure released earnings after the close. Net income for the quarter is up 227% year over year to $90 million. Adjusted net revenue for the quarter of $156 million with an EBITDA margin at 55%. Figure is killing it. But what I am most excited about is this: Figure is doing a second IPO - a non-dilutive secondary of true blockchain native public equity on @provenancefdn. Not a tokenized DTCC stock. The real deal. Can't wait to talk more about this. https://investors.figure.com/news-releases/news-release-details/figure-technology-solutions-inc-announces-confidential-1" [X Link](https://x.com/mcagney/status/1989104313462133153) 2025-11-13T22:53Z 20.9K followers, [---] engagements "@Figure released earnings after the close. Net income for the quarter is up 227% year over year to $90 million. Adjusted net revenue for the quarter of $156 million with an EBITDA margin at 55%. Figure is killing it. But what I am most excited about is this: Figure is doing a second IPO - a non-dilutive secondary of true blockchain native public equity on @provenancefdn. Not a tokenized DTCC stock. The real deal. Can't wait to talk more about this. https://investors.figure.com/news-releases/news-release-details/figure-technology-solutions-inc-announces-confidential-1" [X Link](https://x.com/mcagney/status/1989110206408827376) 2025-11-13T23:16Z 21K followers, [----] engagements "@provenancefdn On @provenancefdn through @Figure" [X Link](https://x.com/mcagney/status/1989144451433083280) 2025-11-14T01:32Z 21.4K followers, [---] engagements "We're looking at moving to Las Vegas this year. If you live there - views on Henderson vs Summerlin" [X Link](https://x.com/mcagney/status/1990469080713961854) 2025-11-17T17:16Z 21K followers, [----] engagements "So this dropped today. I've been so behind I'm just getting time to post it. @Figure public equity. Native on @provenancefdn. DeFi access. Hopefully the major crypto wallets lean in to offer access to the marketplace. The world is changing - fast. https://www.figure.com/newsroom/announcement/figure-announces-public-filing-of-registration-statement-for-proposed-offering-of-blockchain-native-equity-securities/ https://www.figure.com/newsroom/announcement/figure-announces-public-filing-of-registration-statement-for-proposed-offering-of-blockchain-native-equity-securities/" [X Link](https://x.com/mcagney/status/1990646163415183366) 2025-11-18T05:00Z 21.4K followers, [----] engagements "@MBTannenbaum and I penned this blog on issuing the first public equity native to public blockchain. Sadly the lawyers and bankers cut a lot out of this but it's still pretty good - and explains why we are issuing stock on blockchain and why it's so important. Equity on chain is native not a DTCC copy. It can trade 24x7 in a self-custody marketplace with visible bids/offers like a limit-order-book decentralized exchange. But the real value is the ability to use the stock as collateral in decentralized financing and to lend it out directly instead of through the prime brokers. This is a huge" [X Link](https://x.com/mcagney/status/1990827712483823795) 2025-11-18T17:01Z 21K followers, [----] engagements "@HunterQThompson @Figure @provenancefdn I think very quickly especially the other blockchain IPOs in the pipe" [X Link](https://x.com/mcagney/status/1990838304519172251) 2025-11-18T17:43Z 21.4K followers, [---] engagements "@chiafarmers @anthonymoro111 @provenancefdn @Figure @The_DTCC @NYSE @NasdaqExchange @provenancefdn is a public chain and putting equities native on chain is much bigger than this. Sorry" [X Link](https://x.com/mcagney/status/1991253520088199288) 2025-11-19T21:13Z 21.4K followers, [----] engagements "What if you could put up $100K in BTC borrow $50K against it for [--] months at a 12.17% APR and never worry about a margin call BTC crashes and your collateral is only worth $35K No problem. It rallies back to $100K at maturity Pay off the loan and get your coin. Or net your loan against your BTC. If BTC doesn't rally back Keep the loan and walk away. @Figure builds the best products" [X Link](https://x.com/mcagney/status/1994504621214294490) 2025-11-28T20:32Z 21.4K followers, [----] engagements "@HunterQThompson Working on this - part of why we are issuing FIGR stock natively on blockchain - so you can borrow against it on Democratized Prime" [X Link](https://x.com/mcagney/status/1994843284355821658) 2025-11-29T18:57Z 21.3K followers, [--] engagements "@Gmoneymay @SolanaConf @solana @Figure @HastraFi Everything pays $HASH fees" [X Link](https://x.com/mcagney/status/1995292568511475971) 2025-12-01T00:43Z 21.6K followers, [---] engagements "While I disagree with some of what @citsecurities wrote to the @SECGov I actually agree with one important aspect of their argument: "As we detail below granting broad exemptive relief to facilitate the trading of a tokenized share via DeFi protocols would create two separate regulatory regimes for the trading of the same security." Tokenizing DTCC securities won't work. It won't work because trading such securities bilaterally on blockchain violates reg NMS and creates a bifurcated regulatory process (per Citadel's argument above) and the SEC doesn't have the authority to ignore law. But" [X Link](https://x.com/mcagney/status/1996608229732966759) 2025-12-04T15:51Z 21.6K followers, [----] engagements "@HunterQThompson @citsecurities @SECGov To do this you need a.) an ATS that functios like a DEX (self settle) b.) a way to convert the securities without tax and c.) a regulator willing to let it happen. We're fortunate to have all of those but it wasn't easy getting here - hence why this is the first" [X Link](https://x.com/mcagney/status/1996612740472095016) 2025-12-04T16:09Z 21.6K followers, [---] engagements "I think the buy side will push every one of their portfolio companies to issue stock on chain as that stock has better collateral value and can be leant directly (better stock loan economics). But beyond that any company that wants to fight naked short selling as you can't naked short on chain" [X Link](https://x.com/mcagney/status/1996617866863612236) 2025-12-04T16:29Z 21.6K followers, [---] engagements "$75K in cash incentives People should be paying YOU for access But awesome to see. Who would have thought earning yield from mortgages on public blockchain would be this cool 1/ In less than [--] hours PRIME Market on Kamino has surpassed $10M in deposits PRIME can be used as collateral on Kamino allowing users to take leveraged exposure to its 8% APY. Additionally up to $75K incentives are live for CASH borrows in collaboration with @phantom https://t.co/ET3uWWjkBH 1/ In less than [--] hours PRIME Market on Kamino has surpassed $10M in deposits PRIME can be used as collateral on Kamino allowing" [X Link](https://x.com/mcagney/status/1997016380109910091) 2025-12-05T18:53Z 21.6K followers, [----] engagements "@marshallsebas @HastraFi @solana @Figure @provenancefdn @kamino @Raydium You are just stepping in to replace Goldman as the warehouse lender. You have an overcollateralized asset-backed loan with liquid collateral" [X Link](https://x.com/mcagney/status/1997817211663290741) 2025-12-07T23:55Z 21.6K followers, [--] engagements "@zkmattwyatt @HastraFi @solana @Figure @provenancefdn @kamino @Raydium YLDS holds treasury bills/treasury repo" [X Link](https://x.com/mcagney/status/1997817388239339952) 2025-12-07T23:55Z 21.6K followers, [--] engagements "Had a great time doing this podcast. Exciting to see more and more banks lean in on #blockchain and #USDF through Provenance Blockchain Foundation. https://lnkd.in/d3dsCAMX https://lnkd.in/d3dsCAMX" [X Link](https://x.com/mcagney/status/1493268979154145291) 2022-02-14T17:00Z 21.9K followers, [--] engagements "Three thoughts about the upcoming Celsius auction. 1.) Listing on the Nasdaq (or any centralized exchange) is a long and uncertain process. I think regulatory counsel would suggest this could take over a year if it happens at all. I believe Figure can support secondary trading on our ATS quickly. 2.) There will be lots of creditors who will want to sell on day one. Liquidity doesnt just show up regardless of where the stock is listed. $100s of millions of bids need to be lined up to support day one selling otherwise the stock crashes before anyone gets out. I believe NovaWulf/Figure are in" [X Link](https://x.com/mcagney/status/1650698367498874881) 2023-04-25T03:08Z 22.1K followers, 74.6K engagements "Ionic shareholders - you will be getting two proxy ballots for the upcoming board meeting. The first will come from the company. If you want change do not vote this proxy. Voting "not" to the board candidates doesn't matter - the company only counts how many "yes" votes each board member receives. The "Nominating Shareholders" proxy (Ionic shareholders supported by Figure Markets and GXD Labs) will go out electronically by the end of this week. Our candidates are Mike Abbate and Oliver Wiener We believe Mike and Oliver will drive the change needed for the company. The company is fighting the" [X Link](https://x.com/mcagney/status/1891918948872094006) 2025-02-18T18:33Z 22.2K followers, [----] engagements "At this point with Ionic - with moves like updating company bylaws mid proxy battle - I'm starting to think it's less about the board and W&C maintaining their compensation and more about being terrified of new shareholder aligned board members uncovering what's gone on for the past year making that public and forcing accountability" [X Link](https://x.com/mcagney/status/1894859561670189496) 2025-02-26T21:18Z 22.2K followers, [----] engagements "Had a great time speaking with @APompliano at the Bitcoin Investor Week Thanks for having me on to talk about YLDS and how @provenancefdn is going to transform finance" [X Link](https://x.com/mcagney/status/1895594886558253400) 2025-02-28T22:00Z 22.2K followers, [----] engagements "Great news out of @Figure. Figure's onchain registry system DART is being used by big names like Goldman Sachs and Jefferies - and they love the efficiency. DART allows for a UCC section [--] perfected lien on a public blockchain asset. In addition to being a better alternative to MERS DART is used in @FigureMarkets to allow users to self-custody crypto and other blockchain native assets and trade the security interest on those assets in the marketplace. DART is built on @provenancefdn the largest RWA public blockchain with over $11.8B in RWA TVL and over $1B in monthly RWA transactions." [X Link](https://x.com/mcagney/status/1897429095983837236) 2025-03-05T23:28Z 22.2K followers, [----] engagements "I'm talking live with @Nsantoma at 3:30 ET to discuss what's going on at @FigureMarkets. Specifically we'll talk about $YLDS MPC self custody and P2Prime (formerly democratized prime). Tune in https://x.com/i/spaces/1vOGwXQyQjVJB/peek https://x.com/i/spaces/1vOGwXQyQjVJB/peek" [X Link](https://x.com/mcagney/status/1905302983765884981) 2025-03-27T16:56Z 22.2K followers, [----] engagements "With $YLDS you can hold a yielding public security stable coin on blockchain - backed by the same securities held in a prime money market fund. You can send $YLDS to anyone use it to buy things like the Figure REIT or turn it into USD. $YLDS is currently offered through @FigureMarkets but soon you can buy it directly from Figure Certificate Company. $YLDS can be exchange collateral used for global treasury used for cross border remit and many more applications - try it out at http://www.figuremarkets.com https://twitter.com/i/web/status/1905384463162642672 http://www.figuremarkets.com" [X Link](https://x.com/mcagney/status/1905384463162642672) 2025-03-27T22:20Z 22.2K followers, [----] engagements "Had a great time talking about tokenization and stable coins with @Ryan__Barney at @PanteraCapital and @nathanlallman from @OndoFinance. Excited with what @FigureMarkets is doing with $YLDS here https://panteracapital.com/blockchain-letter/full-spectrum-investing-approach/#_ftn2 https://panteracapital.com/blockchain-letter/full-spectrum-investing-approach/#_ftn2" [X Link](https://x.com/mcagney/status/1907150956841828550) 2025-04-01T19:19Z 22.2K followers, [----] engagements "@CampbellJAustin @brian_armstrong @FigureMarkets pays interest on $YLDS. It is a public security freely transferable p2p. I think it - not bank coin - will be the catalyst for narrow banking" [X Link](https://x.com/mcagney/status/1907589500798370159) 2025-04-03T00:22Z 22.2K followers, [---] engagements "@TradFiAnalyst Very confident. $YLDS is a security - but - unlike money market funds - it is freely transferable p2p" [X Link](https://x.com/mcagney/status/1907648910425993559) 2025-04-03T04:18Z 22.2K followers, [--] engagements "@ronits_fin_adv @CampbellJAustin @brian_armstrong @FigureMarkets It is a security that was written into law in the [--] Act - now that it is effective they cant kill it unless they change the laws. The bigger issue is making sure the new stablecoin purchase networks dont preclude $YLDS - we are lobbying hard on that front" [X Link](https://x.com/mcagney/status/1907649339029336193) 2025-04-03T04:20Z 22.2K followers, [---] engagements "@TradFiAnalyst Yes - as a security it's outside of the scope of what I call "bank coin". We just have to thread the needle to make sure it isn't precluded from the payment rails that result from bank coin legislation. That's why the p2p transferability is key" [X Link](https://x.com/mcagney/status/1907877869046607894) 2025-04-03T19:28Z 22.2K followers, [--] engagements "Agreed - @phtevenstrong - why no $YLDS mention This list is missing YLDs from @Figure @FigureMarkets. This is the first to be registered with the SEC. The daily accrual w/out need for staking also nice/differentiated YLDS. will be invested in securities such as Treasuries and commercial paper. Users of the stablecoin This list is missing YLDs from @Figure @FigureMarkets. This is the first to be registered with the SEC. The daily accrual w/out need for staking also nice/differentiated YLDS. will be invested in securities such as Treasuries and commercial paper. Users of the stablecoin" [X Link](https://x.com/mcagney/status/1909825933999227170) 2025-04-09T04:29Z 22.2K followers, [----] engagements "@provenancefdn is a public blockchain. When it first launched in [----] it was permissioned - and maybe thats what @diogomonica is referencing - but in [----] it was relaunched as a public proof of stake blockchain. @Figure loans on Provenance are more legitimate RWA assets than funds like BUIDL - the loans are actually on chain vs. the fund holding off chain assets. Institutions (like Goldman Apollo and others) have been trading Figure loans on chain for years. The issue has been that the settlement currency wasnt a listed stable coin so the aggregators werent tracking the assets. That is" [X Link](https://x.com/mcagney/status/1916907099436814506) 2025-04-28T17:27Z 22.2K followers, [----] engagements "DP doesn't directly involve yielding stables - that's $YLDS which went effective with the SEC on Feb [--]. DP does step in to replace banks/prime brokers in that it allows borrowers to put up their native digital assets as collateral for bilateral loans from lenders. For example Figure is beginning to move it's $15B in assets on Provenance to DP for financing vs. bilateral warehousing from Goldman and others. What's unique is that DP functions as an hourly auction - so anyone can compete with Goldman (and Jefferies etc.) in funding Figure assets. Our goal is to allow entities that take their" [X Link](https://x.com/mcagney/status/1918320234110345725) 2025-05-02T15:02Z 22.2K followers, [--] engagements "@sudhu_aru You can bid to fund asset with $YLDS but $YLDS itself is backed by the same securities in prime money market mutual funds" [X Link](https://x.com/mcagney/status/1918343369811448243) 2025-05-02T16:34Z 22.2K followers, [---] engagements "Very excited to be doing this with @martypartymusic on Tuesday the 20th - will be talking $YLDS moving $14B of Figure RWA loans onto DeFi and more https://x.com/i/spaces/1yoJMoBmrnlKQ https://x.com/i/spaces/1yoJMoBmrnlKQ" [X Link](https://x.com/mcagney/status/1923485997142048773) 2025-05-16T21:09Z 22K followers, 14.9K engagements "$YLDS today $14B+ of Figure loans soon Working to get @Figure and @FigureMarkets assets on @provenancefdn tracked by all of the major aggregators Now tracking @FigureMarkets's YLDS coin on our Stables Dashboard YLDS is a fixed-price interest-bearing stablecoin that accrues daily and is native to a public blockchain. Its transferable SEC-registered and backed by the same assets as prime money market funds https://t.co/RqYvGeI8UZ Now tracking @FigureMarkets's YLDS coin on our Stables Dashboard YLDS is a fixed-price interest-bearing stablecoin that accrues daily and is native to a public" [X Link](https://x.com/mcagney/status/1932522299720364306) 2025-06-10T19:36Z 22.2K followers, [----] engagements "@mjpldn @StephaneDeBaets @davehendricks @tZERO @BeyondBYON @marcuslemonis @AlderLaneEggs @Tether_to @circle @Vertalo_ Yes - you can self custody $YLDS - it's the only SEC-registered p2p transferable yielding coin I know of at this point" [X Link](https://x.com/mcagney/status/1947352074217193528) 2025-07-21T17:44Z 22.2K followers, [---] engagements "All public securities require a TA. We use Figure Equity Solutions an SEC registered TA. The TA "listens" to the blockchain (and now keeps all records on chain). $YLDS is a face amount certificate - the only type of public security transferable p2p without any regulated intermediary (no BD no ATS etc.). I (Mike) can move $YLDS directly to you (Stephane) on public chain. The TA records that movement. The TA must make best efforts to identify you but you can choose not to offer up name and address (though you would forsake interest as you would not be KYC'd)." [X Link](https://x.com/mcagney/status/1947363899382390943) 2025-07-21T18:31Z 22.2K followers, [---] engagements "@AaronDBennett @provenancefdn though people are waking up to it - largest RWA L1 and has the Figure protocol and $YLDS" [X Link](https://x.com/mcagney/status/1953253166163824652) 2025-08-07T00:33Z 22.2K followers, [---] engagements "The recent exciting announcement from @animocabrands and @ProvLabs is part of a growing pool of third parties being able to access @Figure collateral on @provenancefdn. With $YLDS as a yielding stablecoin and fiat rail over $15B in accessible RWA TVL (and counting) and extensibility onto other L1s DeFi will start building on Provenance Blockchain. https://www.animocabrands.com/animoca-brands-and-provlabs-to-co-develop-nuva https://www.animocabrands.com/animoca-brands-and-provlabs-to-co-develop-nuva" [X Link](https://x.com/mcagney/status/1955416917285671420) 2025-08-12T23:51Z 22.2K followers, [----] engagements "The era of megabank stablecoin is coming. The GENIUS Act will usher in JP Coin and it will suck the liabilities (deposits) out of regional banks. Just as Chase has won in credit card rewards JP Coin will likely offer comparable rewards and benefits. Hard to see how regionals can fight back but they can. Regional banks can partner with @Figure $FIGR to use $YLDS as a defensive measure to stablecoin competition. $YLDS is an SEC registered yielding stablecoin. As a security its not part of the GENIUS Act but it holds the same assets treasuries and bank deposits. Banks can use $YLDS as an" [X Link](https://x.com/mcagney/status/1975958729947570362) 2025-10-08T16:17Z 22.2K followers, 16.9K engagements "@amr_080 @malekanoms Although we can hold the dollars backing $YLDS at the banks whose customers are migrating to the security" [X Link](https://x.com/mcagney/status/1976677012820627739) 2025-10-10T15:51Z 22K followers, [--] engagements "Start with the construct that when a customer buys $YLDS we can back the security with a bank deposit. Thus we can direct deposits to banks commensurate with their customer flows. Now you have two scenarios. If you are liability flush stablecoins are a threat to that model. By using a yielding coin alternative and keeping the deposit on balance sheet you are paying more for the liability but maintain the customer and the cash - and at a lower cost than holding it as a demand deposit. If you are not liability flush and buying brokered deposits this is no more expensive to you than the cost of" [X Link](https://x.com/mcagney/status/1976678467531141539) 2025-10-10T15:57Z 22.2K followers, [--] engagements "I think stablecoins are a new product that makes it both easier and more economically attractive for the megabanks to poach regional customers (retail and business). I believe $YLDS is the best defense and as a wholly owned sub of $FIGR see this as a significant opportunity for us" [X Link](https://x.com/mcagney/status/1976678981748613416) 2025-10-10T15:59Z 22.2K followers, [---] engagements "@SuiNetwork @Figure Looking forward to what the @SuiNetwork builder community does with $YLDS. Fiat rails p2p payments yielding coin - lots to do here" [X Link](https://x.com/mcagney/status/1978149247758319628) 2025-10-14T17:21Z 22.2K followers, [---] engagements "Looking forward to seeing what the builder community in the @SuiNetwork does with $YLDS. Tremendous payment remit and defi application waiting to be unlocked. https://blog.sui.io/figure-ylds-security-token/utm_source=twitter&utm_medium=organic&utm_campaign=news https://blog.sui.io/figure-ylds-security-token/utm_source=twitter&utm_medium=organic&utm_campaign=news" [X Link](https://x.com/mcagney/status/1978149696100089919) 2025-10-14T17:23Z 22.2K followers, 30.8K engagements "@ryan_nikodem @SuiNetwork @provenancefdn @provenancefdn is the transfer agent tracking the security but these $YLDS are native on Sui" [X Link](https://x.com/mcagney/status/1978482662148039093) 2025-10-15T15:26Z 22K followers, [--] engagements "Excited to be discussing $YLDS. Soon it will be everywhere" [X Link](https://x.com/mcagney/status/1978529306000449763) 2025-10-15T18:32Z 22.2K followers, [----] engagements "One cool thing that will happen as $YLDS - @Figure's yielding stablecoin (as a registered security) is minted natively across more L1s - the transfer agent will allow you to move $YLDS immediately (or as fast as blocks are written) across any native L1. For example when $YLDS goes live on @SuiNetwork in a few weeks you will be able to instantly move $YLDS back and forth between Sui and @provenancefdn. As we add more L1s (e.g. Solana etc.) you will have more options as to where to move to/from. https://twitter.com/i/web/status/1978915654616101028" [X Link](https://x.com/mcagney/status/1978915654616101028) 2025-10-16T20:07Z 22.2K followers, 46.3K engagements "@Th3Seafox @Figure We like them and they had a tangible plan on how they wanted to use $YLDS that made a ton of sense to us" [X Link](https://x.com/mcagney/status/1978918517547098244) 2025-10-16T20:18Z 22K followers, [---] engagements "@marcarjoon @ryan_nikodem @SuiNetwork @provenancefdn Yes - TA is on @provenancefdn and pays gas fees in $HASH for every movement of $YLDS" [X Link](https://x.com/mcagney/status/1979292613107945625) 2025-10-17T21:05Z 22.2K followers, [---] engagements "@sleepyweasal55 @Figure Yes. The TA is on @provenancefdn and all movements of $YLDS generate gas fees paid in $HASH" [X Link](https://x.com/mcagney/status/1979293306053124607) 2025-10-17T21:07Z 22.2K followers, [---] engagements "$YLDS isn't a 40-act fund - it's a public fixed income security that can move p2p - greater utility than a 40-act product. Because it can move p2p with no broker there is no KYC requirement of the mover unless they are a regulated entity. I believe you will see updated filing stating our position is we can't remit to a non-kyc'd wallet but we won't restrict transfer to such. https://twitter.com/i/web/status/1979294399881449680 https://twitter.com/i/web/status/1979294399881449680" [X Link](https://x.com/mcagney/status/1979294399881449680) 2025-10-17T21:12Z 22.2K followers, [---] engagements "@BruinMMA Thanks. We are doing something similar with $YLDS though I'd argue as interest bearing and with more use cases ours is better positioned to fed off the coming of JPCoin" [X Link](https://x.com/mcagney/status/1981439759357550912) 2025-10-23T19:17Z 22K followers, [--] engagements "@CryptoPrifti @martypartymusic @EmanAbio You make 3.93% lending USDC on Aave right now. You make 3.69% with $YLDS but you have the utility of the coin - you can buy crypto swap to stables real time and fiat during banking hours - and soon we think you'll be able to buy coffee with it" [X Link](https://x.com/mcagney/status/1985349799156064550) 2025-11-03T14:14Z 22.2K followers, [--] engagements "@LitixApp $YLDS - Figure's registered security yielding version of stablecoin - is one such medium for fiat on/off. And as a security it future proofs a change in bank regulation" [X Link](https://x.com/mcagney/status/1987697536770216240) 2025-11-10T01:43Z 22.2K followers, [---] engagements "@LitixApp $YLDS from @Figure does this - now native on @provenancefdn @solana and @SuiNetwork with more to come" [X Link](https://x.com/mcagney/status/1988652624086986949) 2025-11-12T16:58Z 22.2K followers, [--] engagements "@amr_080 @malekanoms @provenancefdn Every fintech should ditch the bank-as-a-service backend and just migrate to $YLDS. Fiat rails p2p transfer stablecoin utility and interest. What's not to like" [X Link](https://x.com/mcagney/status/1989017548541817328) 2025-11-13T17:08Z 22.2K followers, [---] engagements "Hmmm.the only two SEC registered public securities trading native on public blockchains today are $YLDS and soon FIGR.B on @provenancefdn. So who doesn't the SEC take seriously But you're missing the forest through the trees here. There is room for lots of L1s in this ecosystem and isn't a winner-take-all. But @Figure and @provenancefdn are at the front of this effort. https://twitter.com/i/web/status/1991257102782984244 https://twitter.com/i/web/status/1991257102782984244" [X Link](https://x.com/mcagney/status/1991257102782984244) 2025-11-19T21:27Z 22.2K followers, [---] engagements "@xiaoredevil If BTC rallies the borrower gets the benefit - Figure's interest rate is fixed. So if you put up $100K of BTC and borrow $50K in $YLDS (for example) and your BTC goes to $200K - you get that benefit and Figure gets its $50K plus interest back" [X Link](https://x.com/mcagney/status/1995262739430916559) 2025-11-30T22:44Z 22.2K followers, [--] engagements "Isn't it better to earn staking yield backed by US mortgages than through some algorithm you don't understand @HastraFi is changing the game for yield on @solana using @Figure assets on @provenancefdn. Hastra Open Beta is live 🚨 Test the protocol Get wYLDS Stake for PRIME We're coming up on our full-scale launch with huge announcements lined up. This is your chance to get in ahead of the rest. Be early to the next era of DeFi yield. https://t.co/Cdr2mGZRXK Hastra Open Beta is live 🚨 Test the protocol Get wYLDS Stake for PRIME We're coming up on our full-scale launch with huge announcements" [X Link](https://x.com/mcagney/status/1995908763484635526) 2025-12-02T17:31Z 21.7K followers, 34.3K engagements "When we started @Figure I was trying to get banks to originate loans on public blockchain. No one wanted to go first. So we built @provenancefdn made it public and decentralized and starting originating our own mortgages on chain. The goal was always to ultimately bring these assets to DeFi. Skip the Goldman warehouse and go directly to sources of capital with a liquid asset as collateral. The disintermediation promise of public blockchain. @HastraFi is a big step forward here. Partnering with @solana @Raydium @chainlink and Provenance Blockchain to bring high quality consistent and" [X Link](https://x.com/mcagney/status/1996292839118942333) 2025-12-03T18:57Z 22K followers, 64.1K engagements "So not only can you go to @HastraFi on @solana to buy wYLDS and stake that wYLDS to earn a return backed by @Figure HELOCs that are on @provenancefdn but you can take your staking token $PRIME to @kamino to borrow against and @Raydium to trade. You know what the coolest part of this is Stakers are alternatives to the banks. Not only are they capturing an intuitive and competitive yield they are lowering the cost of capital to borrowers ultimately yielding to lower loan rates. Great things happen when you disintermediate tradfi capital allocators." [X Link](https://x.com/mcagney/status/1997000653395169283) 2025-12-05T17:50Z 22.1K followers, 43.6K engagements "I am always excited to speak with @nickducoff - especially in Abu Dhabi We get to talk about the incredible start to @HastraFi on @solana and the RWA consortium with @kamino and @Raydium. Plus maybe something about @Figure 's upcoming on-chain secondary equity offering. I'm moderating a fireside chat with @mcagney Co-Founder of @FigureMarkets on December [--] that you won't want to miss. We'll be exploring real world asset pipelines institutional credit markets moving on-chain and the role @Solana plays in scaling financial infrastructure. https://t.co/yuJg4OcHGM I'm moderating a fireside chat" [X Link](https://x.com/mcagney/status/1997064455625085071) 2025-12-05T22:04Z 21.8K followers, 12.1K engagements "@WillPeets @HastraFi @solana @Figure @provenancefdn @kamino @Raydium Maybe - but I'm trying to tackle liquidity head on with better tokenomics and broader listing. Hopefully Coinbase finally gives in and lists $HASH" [X Link](https://x.com/mcagney/status/1997815938633326756) 2025-12-07T23:50Z 21.9K followers, [---] engagements "@subjectiveviews Why not issue the equity native to blockchain and eliminate the need for DTCC altogether And a digital twin unfortunately still has to adhere to reg NMS and can't trade bilaterally on a blockchain" [X Link](https://x.com/mcagney/status/1999709888533135827) 2025-12-13T05:16Z 22K followers, 22.6K engagements "@wayne_nelmz Real estate has been a red herring. Most likely assets to migrate to blockchain are ones that are liquid - and therefore can leverage DeFi. DeFi (lending) is the primary reason to do anything on blockchain but it won't work without liquid (or stable value) assets" [X Link](https://x.com/mcagney/status/2001031670347259984) 2025-12-16T20:48Z 21.9K followers, [---] engagements "@arampell Citadel isn't buying order flow to warehouse the risk. You could say they are a market maker who also happens to buy flow to cross profitably internally" [X Link](https://x.com/mcagney/status/2001032205854789888) 2025-12-16T20:50Z 21.9K followers, [---] engagements "Let's say the market is $10.00 by $10.02. You enter a market buy I enter a market sell. Citadel buys both orders sells to you at $10.015 and buys from me at $10.005. The net $0.01. If they aren't there that $0.01 goes back to us in the form of a cheaper buy or higher sell. How are we better off with them in the middle" [X Link](https://x.com/mcagney/status/2001033153079640132) 2025-12-16T20:54Z 21.9K followers, [----] engagements "@BrianInCrypto I'll direct you to my comment here. Buyers and sellers do not get the same price. https://x.com/mcagney/status/2001033153079640132s=20 @burckmeister Let's say the market is $10.00 by $10.02. You enter a market buy I enter a market sell. Citadel buys both orders sells to you at $10.015 and buys from me at $10.005. The net $0.01. If they aren't there that $0.01 goes back to us in the form of a cheaper buy or higher sell. How https://x.com/mcagney/status/2001033153079640132s=20 @burckmeister Let's say the market is $10.00 by $10.02. You enter a market buy I enter a market sell." [X Link](https://x.com/mcagney/status/2001033343589032315) 2025-12-16T20:55Z 21.9K followers, [---] engagements "@robbin_arora The LOB isn't on chain" [X Link](https://x.com/mcagney/status/2001033440070672486) 2025-12-16T20:55Z 21.9K followers, [--] engagements "@DeadFishCapital Toxic flow is an entirely different thing. The reason Citadel pays for flow is here: And yes I know what market makers do. Very well. https://x.com/mcagney/status/2001033153079640132s=20 @burckmeister Let's say the market is $10.00 by $10.02. You enter a market buy I enter a market sell. Citadel buys both orders sells to you at $10.015 and buys from me at $10.005. The net $0.01. If they aren't there that $0.01 goes back to us in the form of a cheaper buy or higher sell. How https://x.com/mcagney/status/2001033153079640132s=20 @burckmeister Let's say the market is $10.00 by" [X Link](https://x.com/mcagney/status/2001035652326953441) 2025-12-16T21:04Z 22K followers, [--] engagements "@NervaYield True - and getting rid of DTCC the centralized exchanges prime brokerage - even the introducing broker. Those are big changes" [X Link](https://x.com/mcagney/status/2001035845936070967) 2025-12-16T21:04Z 22K followers, [--] engagements "@BondsbondRate Citadel doesn't buy order flow to warehouse risk. These are two entirely separate activities. You will still have market makers doing the latter - they just can't do the former" [X Link](https://x.com/mcagney/status/2001036159208583569) 2025-12-16T21:06Z 21.9K followers, [--] engagements "@0x_RWA @subjectiveviews I think the SEC is all-in on self custody" [X Link](https://x.com/mcagney/status/2001038230020342179) 2025-12-16T21:14Z 22K followers, [---] engagements "@CarlKVogel Well - it's public and immutable when it happens" [X Link](https://x.com/mcagney/status/2001038780493369849) 2025-12-16T21:16Z 22K followers, [--] engagements "@BrianInCrypto @burckmeister Check your math. You are wrong. Citadel is netting $0.01 that would have gone to some combination of the buyer and seller" [X Link](https://x.com/mcagney/status/2001041121120555330) 2025-12-16T21:25Z 21.9K followers, [---] engagements "I'm retweeting because some of you are confusing market making and buying order flow. While related the distinction is that firms buy flow to cross markets internally at a profit. See I'm not saying there's not role for market makers in blockchain-based LOBs. There are though you have to solve for how they manage encumbering bids/offers without tying up capital (not trivial but solved through integrating DeFi). I'm also talking about blockchain-based LOBs not AMMs. Yes - EVM is a problem - for AMMs. If the LOB works the right way there is no advantage to change block ordering as the order" [X Link](https://x.com/mcagney/status/2001042819733946727) 2025-12-16T21:32Z 22K followers, [----] engagements "@mean_field_zane How It's an atomic transaction. Bid/offer are encumbered. It settles as fast as the block is written (but is encumbered real time)" [X Link](https://x.com/mcagney/status/2001043169023070707) 2025-12-16T21:34Z 21.9K followers, [--] engagements "@BrianInCrypto @burckmeister They aren't. And that wasn't the math I asked you to check. In your scenario the buyer pays $10.015 and the seller gets $10.005. Citadel gets $.01. Let's assume the market crossed mid. The buyer pays $10.01 and the seller gets $10.01. Both are better off. Citadel gets $0.00" [X Link](https://x.com/mcagney/status/2001046389682254214) 2025-12-16T21:46Z 21.9K followers, [--] engagements "When the market is $10.00 and $10.02 and you submit a market buy and I submit a market sell what price do you think gets done $10.005 (to sell) and $10.015 (to buy) Nope. While it isn't necessarily evenly split some combination of the buyer and seller is net better $0.01 here than with Citadel buying the flow" [X Link](https://x.com/mcagney/status/2001050104988332248) 2025-12-16T22:01Z 21.9K followers, [--] engagements "So this MEV (maximal extractable value) thing and Solana - it's a real issue. MEV let's you pay to reorder transactions in a block. This can be problematic in certain situations - like an AMM (e.g. pancakebunny among other examples). More broadly it underscores the challenge L1s face. At current TPS ()transacitons-per-second) gas fees aren't enough to support multi-billion dollar token valuations. MEV is one way to capture incremental token fees but that capture comes at the expense of a subset of users. I think the bet L1 token holders have to make is that the technology will evolve to" [X Link](https://x.com/mcagney/status/2001086383759261932) 2025-12-17T00:25Z 22.1K followers, 13.7K engagements "@KyleSamani I am confident the Solana team will solve this. That confidence is why we are doing so much on Solana like native $YLDS and @HastraFi" [X Link](https://x.com/mcagney/status/2001304926228463832) 2025-12-17T14:54Z 22.2K followers, [---] engagements "As the market gets punch-drunk on the idea of tokenizing everything it's worth taking a step back to ask "why tokenize something". Generally when someone pitches me an idea of putting something on blockchain it's because of perceived efficiencies (blockchain is generally not an efficient technology) or tapping a pool of money previously unavailable to them (that doesn't exist). There are three reasons you would put an asset on blockchain. First - transactional efficiencies. @figure - as an example - uses @provenancefdn to reduce the cost of originating aggregating and securitizing loans. Real" [X Link](https://x.com/mcagney/status/2001353579622264990) 2025-12-17T18:07Z 22.1K followers, 11.8K engagements "DTCC won't disintermediate itself - it will be competed away. @figure is issuing equity native to blockchain - no DTCC. The equity will trade on a self custody self settle ATS (LOB with atomic settlement) - with real time netting. Holders can leverage DeFi to finance against or lend out their stock. And the security will be convertible to the NMS version ensuring the same liquidity on the ATS as in the Nasdaq. If you don't think that's the future we disagree" [X Link](https://x.com/mcagney/status/2001354710704624067) 2025-12-17T18:12Z 22K followers, [----] engagements "@Shrimp_a_Whales Cross collateralization is huge. Ask any large player - their prime silo's assets. Try to use BTC to buy public equity or vice versa. Doing it all on chain solves this problem" [X Link](https://x.com/mcagney/status/2001355005102821570) 2025-12-17T18:13Z 22K followers, [---] engagements "@chainyoda @ThomasUhm @masonic_tweets @subjectiveviews I don't think you reconcile. The TA knows what wallet holds the security. If it mints on one L1 it burns on the other. We do this already - for example - moving $YLDS across SUI to Provenance to Solana" [X Link](https://x.com/mcagney/status/2001362187852616035) 2025-12-17T18:41Z 22.2K followers, [--] engagements "Netting is the thing DTCC cites as a blockchain limitation. It came up in the FT panel I did yesterday from Adena (Nasdaq). But it's a false dichotomy. True bilateral blockchain transactions need to be encumbered. But you settle real time not EOD. So you net continuously through the day. A trader with $1M in equity can still trade $1B in volume - and without the collateral they have to put up at DTCC to do so today. The trick here is around market making. They don't have the equity (or want to use it) to fund the bid/offer ladders. We solved this through a "just in time" delivery construct" [X Link](https://x.com/mcagney/status/2001369193678090729) 2025-12-17T19:09Z 22.1K followers, [---] engagements "@ZawadaJacob @Figure I think the buyside will push their companies to do this - but ultimately the blockchain share will be worth more than the Nasdaq share - greater utility better stock loan value. Companies will have a fiduciary responsibility to issue on chain" [X Link](https://x.com/mcagney/status/2001404761577250916) 2025-12-17T21:30Z 22K followers, [---] engagements "If I was running a DAT with a NAV below par Id start sending the crypto in the DAT to shareholders as a non-taxable distribution of capital which should drive the price back up to par. But how do you send a Nasdaq shareholder crypto So what Id really do is a second DAT equity issuance (secondary) native on @provenancefdn and trading on @Figure's ATS - just like Figure is doing with its stock. The second stock would be pari pasu in rights and privileges to the Nasdaq version but a different security. It would also be convertible 1:1 to the Nasdaq security. I would then run a tender for the" [X Link](https://x.com/mcagney/status/2001788642281578603) 2025-12-18T22:56Z 22.1K followers, 39.8K engagements "@MonetSupply Over $600M in blockchain loans traded on @provenancefdn in the last [--] hours. Look at CoinGecko - but I'll paste if for you here" [X Link](https://x.com/mcagney/status/2001810399751287127) 2025-12-19T00:22Z 22.1K followers, [----] engagements "@perahodlr @provenancefdn @solana Working on it" [X Link](https://x.com/mcagney/status/2002168687990878356) 2025-12-20T00:06Z 22.1K followers, [---] engagements "@HeywardIIGeorge @Figure You misunderstand what we are doing. The blockchain shares are voting class shares that can trade in an on-chain LOB" [X Link](https://x.com/mcagney/status/2002169057173516416) 2025-12-20T00:07Z 22K followers, [---] engagements "Had a great time with @MorningsMaria - but it was really early (5:20 a.m.) and dark - I had to turn off the pinball machine because the lights would overwhelm the shoot But fun discussing the first public equity native on chain - and the roadmap for more company's to follow @Figure. I also got to geek out on some macro numbers - finally put those economics degrees (2 of them) to work. Figure Technology announces first blockchain-native IPO on Provenance https://t.co/VjkR60AeZA @MorningsMaria @FoxBusiness Figure Technology announces first blockchain-native IPO on Provenance" [X Link](https://x.com/mcagney/status/2003904675310133690) 2025-12-24T19:04Z 22.1K followers, [----] engagements "@fltmu @chuk_xyz For one yes. We can scale KYC directly. For two it's a bit of a false dichotomy. So much volume on the centralized exchanges (Nasdaq NYSE) is because of high frequency trading and order flow purchase that goes away in a blockchain self custody LOB" [X Link](https://x.com/mcagney/status/2003905624850289106) 2025-12-24T19:08Z 22.1K followers, [--] engagements "@djatlantic @provenancefdn @rwa_io @coinbase They have asked for our GTM which we are overhauling to send this weekend. We have a $HASH holder meeting next Tuesday to announce a related community vote. Irrespective we are going to start moving on listing on other exchanges in January" [X Link](https://x.com/mcagney/status/2004631861411365225) 2025-12-26T19:14Z 22.1K followers, [---] engagements "Working on the TVL representation. The issue is historically loans were asynchronously settled when traded - loans traded on chain but a wire settled the fiat. We are migrating to coin-only settlement and working with the @DefiLlama team on how to best represent this without undermining the credibility of the reporting. https://twitter.com/i/web/status/2005684708341170296 https://twitter.com/i/web/status/2005684708341170296" [X Link](https://x.com/mcagney/status/2005684708341170296) 2025-12-29T16:57Z 22.1K followers, [--] engagements "Streaming links for the @provenancefdn call at [--] a.m. PT / [--] p.m. ET today. https://x.com/i/broadcasts/1OdJrOLANowxX https://www.youtube.com/watchv=J9qGJ-hyu4w https://x.com/i/broadcasts/1OdJrOLANowxX https://www.youtube.com/watchv=J9qGJ-hyu4w" [X Link](https://x.com/mcagney/status/2006051820469133564) 2025-12-30T17:16Z 22.1K followers, [----] engagements "Im in Paris for a week. I need recommendations for a dive-y beer bar a high end wine bar and the best steak frites. Suggestions" [X Link](https://x.com/mcagney/status/2006093943046557943) 2025-12-30T20:04Z 22.2K followers, [----] engagements "@MichaelRosmer How does supply matter if the token generates no value Do I care if there are [--] [---] or a billion tokens if each one pays $0.00" [X Link](https://x.com/mcagney/status/2007699600816386556) 2026-01-04T06:24Z 22.3K followers, [---] engagements "@Anubi_sab re durability - if you have the right tokenomics (balance of yield utility and governance) you will maintain a robust validator network and decentralization. That isn't sufficient but it's necessary to last past the hype" [X Link](https://x.com/mcagney/status/2007700422207909927) 2026-01-04T06:27Z 22.1K followers, [---] engagements "@profr33dom @4B1LL10N41R3 @6days1week @ThePPseedsShow @Hey_ross @ryancohen They won't be second but I'd love to do this" [X Link](https://x.com/mcagney/status/2008456275479179716) 2026-01-06T08:31Z 22.2K followers, [--] engagements "#USDF driving #stablecoin on Provenance Blockchain Foundation #blockchain. Every is talking #cbdc's but #USDF and the USDF Consortium is live now. https://lnkd.in/gFp4rurX https://lnkd.in/gFp4rurX" [X Link](https://x.com/mcagney/status/1486199224924442631) 2022-01-26T04:48Z 22.6K followers, [--] engagements "Excellent piece by Ashley Harris in the American Banker on #stablecoin and how #USDF from the USDF Consortium can solve the problem of fiat on #blockchain. https://lnkd.in/d_VNPrTE https://lnkd.in/d_VNPrTE" [X Link](https://x.com/mcagney/status/1528764253297119233) 2022-05-23T15:46Z 22.3K followers, [--] engagements "@FrankSIII nailed it here. The best #blockchain #stablecoin is #usdf from the USDF Consortium run on Provenance Blockchain Foundation. The OCC Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board should let https://lnkd.in/gbAGEhvv https://lnkd.in/gXGpa5k9 https://lnkd.in/gbAGEhvv https://lnkd.in/gXGpa5k9" [X Link](https://x.com/mcagney/status/1563229790538465282) 2022-08-26T18:20Z 22.4K followers, [--] engagements "Adam Yarnold at Fin3 Technologies Inc. is doing some great stuff on #stablecoin for #banks. Reach out to him to harness #usdf and the USDF Consortium. https://lnkd.in/grabxywh https://lnkd.in/grabxywh" [X Link](https://x.com/mcagney/status/1567723645770014721) 2022-09-08T03:56Z 22.4K followers, [--] engagements "Here is my current thinking on Ionic and the Celsius creditors. We think there is value in Ionics infrastructure. We think with the right leadership there is a business model that serves crypto mining AI and green in a way to create real enterprise value for the business. Core Scientific has demonstrated this path and it is something that could and should be replicated at Ionic. We need this path to value to generate liquidity and ultimately return for creditors. We are going to propose to the board a new CEO and board representation and a quick process to evaluate what Ionic has now and how" [X Link](https://x.com/mcagney/status/1822856801253286100) 2024-08-12T04:45Z 22.3K followers, 17.2K engagements "@VladimirVjel @elveton101 @IonicDigital Wouldn't you have concerns that the board that gave Hut8 the misaligned management contract and removed the liquidity provision wouldn't strike the best deal selling them the assets" [X Link](https://x.com/mcagney/status/1823441987858784517) 2024-08-13T19:30Z 22.3K followers, [---] engagements "@H564859 It's not. An [--] LTV Figure HELOC would be 10% (starting from 8.5% but averaging around 10%)" [X Link](https://x.com/mcagney/status/1866981621355909272) 2024-12-11T23:01Z 22.5K followers, [---] engagements "So we have been able to get @Figure HELOCs - one of the first consumer loans native to public blockchain - onto @coingecko. However @DefiLlama is balking at showing this volume on @provenancefdn. Why Because they claim we don't have enough X followers to support a $13B TVL public chain. This is antithetical to the truth and transparency blockchain stands for. Yes - Figure loans are primarily traded by large institutions and not meme coin traders. But they are on a public blockchain. I'm hoping someone at @DefiLlama reaches out to me to discuss. It would be a shame if you gave up on the" [X Link](https://x.com/mcagney/status/1965766119073120612) 2025-09-10T13:15Z 22.5K followers, 59.7K engagements "Im going to write a multi-part longer form essay on blockchain and the application for RWAs. I was thinking about the parts as follows: 1.) Why public blockchain matters (and why private blockchains dont work). 2.) The three value props of blockchains: transactional efficiency liquidity and financing. 3.) What RWA markets make sense - and what dont - on blockchain. 4.) How to think about the value of L1 blockchains in the RWA space (and generally). Thoughts on this agenda/format I'd use @provenancefdn as a reference given @figure's use and it's dominance in the RWA space but not write this" [X Link](https://x.com/mcagney/status/1981379590271402495) 2025-10-23T15:18Z 22.3K followers, [----] engagements "Excited to be talking about $YLDS on @SuiNetwork $FIGR and more with @martypartymusic and @EmanAbio - this will be a good one https://x.com/i/spaces/1djxXWXrElvJZ https://x.com/i/spaces/1djxXWXrElvJZ" [X Link](https://x.com/mcagney/status/1984379986808357284) 2025-10-31T22:00Z 22.5K followers, [----] engagements "Updated reminder for tomorrow. Talking $YLDS on @SuiNetwork @Figure and more https://x.com/i/spaces/1rmxPvbMXgEGN https://x.com/i/spaces/1rmxPvbMXgEGN" [X Link](https://x.com/mcagney/status/1985041523059347901) 2025-11-02T17:49Z 22.5K followers, [----] engagements "@MoneyLobster @jackmallers @Figure Yes - he can get a Figure HELOC" [X Link](https://x.com/mcagney/status/1993054596970037423) 2025-11-24T20:30Z 22.5K followers, [--] engagements "Citadel makes a lot of money paying for order flow. They pay over $1B a year for flow so you can bet they made a lot more than that (they aren't in the business of losing money). The problem (for Citadel) with a blockchain native equity market is that those markets trade bilaterally with atomic settlement. I put a bid out - you put an offer out. If you lift my offer (say through a market order) that's the price we both get. There is no way to intermediate between buyer and seller as a market maker. That's bad for Citadel. So it's not surprising they don't seem to be fans of putting equity" [X Link](https://x.com/mcagney/status/1999751028556857763) 2025-12-13T07:59Z 22.3K followers, 73.5K engagements "DTCCs primary role is registry which allows them to net transactions. The street has $50B of equity capital at DTCC on any given day. That isn't necessary in an atomically settled limit order book on blockchain. The registry service is trivial - a blockchain TA just tracks the token across wallet addresses. It's less involved - and much cheaper - than what a TA does today. You will still have custodians because the SEC requires that of funds (having a QC). You'll still have market makers. Broker dealers are less relevant because you don't need an introducing broker to attach to the ATS to" [X Link](https://x.com/mcagney/status/2001357468434071758) 2025-12-17T18:22Z 22.4K followers, [---] engagements "@0x_RWA I can't deny that - but I hated wrapped tokens. Maybe I am being too dogmatic but I personally wouldn't take an IOU as collateral" [X Link](https://x.com/mcagney/status/2001368202803339462) 2025-12-17T19:05Z 22.3K followers, [---] engagements "I'd be curious on others take here but I think people conflate anonymity with decentralization. To me decentralization is principled on peer-to-peer transactions without intermediation (pre or post trade for example). Whether the peers are KYC'd isn't a gating condition (e.g. you can have a KYC'd DEX etc.). Thoughts" [X Link](https://x.com/mcagney/status/2006137165785489866) 2025-12-30T22:55Z 22.3K followers, [----] engagements "Crypto tokens have three primary drivers for value: yield utility and governance. Yield what does the token pay you to hold it Yield is derived from gas and other fees on the blockchain. Utility what benefits to I get holding the token Do I pay reduced fees get better loan rates etc. Governance how does the token support decentralization the token foundation and allow for voting relating to yield and utility There is a fourth driver novelty but Im leaving that out as I dont believe in it. So when you think about what a token should be worth things like ecosystem and even TVL dont really" [X Link](https://x.com/mcagney/status/2007428589734564225) 2026-01-03T12:27Z 22.3K followers, [----] engagements "@KoBaKBCH I view this as governance. Transparency and decentralization are paramount to the blockchain value proposition - without them you might as well be using a database" [X Link](https://x.com/mcagney/status/2007699034128167263) 2026-01-04T06:22Z 22.3K followers, [---] engagements "Here's looking to more all time high days ahead Figure Technologies has achieved the most signficant productmarket fit in the RWA sector while building deep institutional liquidity with its marketplace model. One of my core holdings for [----]. Congrats @mcagney on todays fresh all-time highs (disclosure: long) $FIGR https://t.co/J1Exwsl6yw Figure Technologies has achieved the most signficant productmarket fit in the RWA sector while building deep institutional liquidity with its marketplace model. One of my core holdings for [----]. Congrats @mcagney on todays fresh all-time highs (disclosure:" [X Link](https://x.com/mcagney/status/2008207630888497584) 2026-01-05T16:03Z 22.3K followers, [----] engagements "While I'm going to be thrilled when @Figure issues the first public stock native to public blockchain (on @provenancefdn) I'm going to be sad if it happens before @IonicDigital goes public the old fashioned way. I'm proud of the work we did with the community to drive board change and optimistic about what Ionic can become under its new leadership and I hope liquidity is on the near term horizon for creditors. Ionic board - I'm happy to make you the third public company listing on blockchain (second is already spoken for). You know how to reach me" [X Link](https://x.com/mcagney/status/2008211474720694545) 2026-01-05T16:18Z 22.4K followers, [----] engagements "@CoinEdition It's not about DTCC on blockchain. It's about not needing DTCC BECAUSE OF blockchain" [X Link](https://x.com/mcagney/status/2008545407249653761) 2026-01-06T14:25Z 22.3K followers, 11.4K engagements "How is it disingenuous Visa exists because people get their cards or card numbers stolen. Biometric verification solves cards and there are no card numbers. So what fraud is Visa resolving in a blockchain-based ecosystem Granted I'm assuming biometric - not password - wallets with MPC backend. Which happens to be what we use at @figure" [X Link](https://x.com/mcagney/status/2008548833198768378) 2026-01-06T14:38Z 22.3K followers, [---] engagements "@banamlas As I said in a response to this thread - it's not about DTCC on blockchain. It's about not needing DTCC BECAUSE of blockchain" [X Link](https://x.com/mcagney/status/2008557317948928027) 2026-01-06T15:12Z 22.3K followers, [----] engagements "@Patrick_Bush_VE The point of stables - coupled with a biometric MPC wallet - there is (almost) no fraud - no identity to steal no card number to abscond with. The need for Visa and Mastercard - at least in that role - goes away" [X Link](https://x.com/mcagney/status/2008560275650412702) 2026-01-06T15:24Z 22.3K followers, [---] engagements "@0ooouch Or is it a "stay close to your enemy" type of thing" [X Link](https://x.com/mcagney/status/2008563762975093101) 2026-01-06T15:38Z 22.3K followers, [---] engagements "Ok - I think we need to bring Blocky back. So I'm running a poll. My marketing people hate Blocky but I think @Figure needs a face to the name. Thoughts https://www.adsoftheworld.com/campaigns/blocky Bring Blocky Back Retire Blocky for Good https://www.adsoftheworld.com/campaigns/blocky Bring Blocky Back Retire Blocky for Good" [X Link](https://x.com/mcagney/status/2008572337092993145) 2026-01-06T16:12Z 22.4K followers, [----] engagements "Interchange can still exist. The network can charge fees but they go to different parties. Today you have issuing processor issuing bank Visa/MC merchant acquirer and merchant bank. On a blockchain stablecoin rail you could have none of them or keep the issuing bank (who collects the bulk of the interchange but pays the rewards) merchant bank etc. The net is you can get rid of at least SOME of the parties (reducing cost) and settle real time" [X Link](https://x.com/mcagney/status/2008574363054821857) 2026-01-06T16:20Z 22.3K followers, [---] engagements "@onchaineduX Well blockchain eliminates the need for at least part of the interchange cost - Visa/MC - and probably the acquirers as well. It also supports real time payment which is a bigger merchant issue than the interchange expense" [X Link](https://x.com/mcagney/status/2008577524008448338) 2026-01-06T16:32Z 22.3K followers, [--] engagements "My experience thus far is most of the "toe dipping" by tradfi firms is to make sure they don't get blindsided by a blockchain competitor. It's the keep you friends close and enemies closer philosophy. I think very few have the resolve to reinvent themselves to the extent blockchain requires them to. But I hope you are right and I'm wrong" [X Link](https://x.com/mcagney/status/2008622743093497978) 2026-01-06T19:32Z 22.3K followers, [---] engagements "@SanRT1 @Figure I came up with Blocky I wasn't bored and my salary at @Figure is $1 a year (check the filings to confirm). Maybe if they paid me more he'd look a little cooler" [X Link](https://x.com/mcagney/status/2008624612725403938) 2026-01-06T19:40Z 22.3K followers, [--] engagements "How much have they paid in fees since that was announced. If the number ever got big they'd figure out how to do it another way. Right now it's more window dressing. Blockchain is - in its nature - disruptive. I don't think marginal use cases survive. I think the winners embrace the wholesale disruption and build better models. @Figure didn't build a better way to originate a Fannie Mae loan. It build an entirely new mortgage - outside of the Fannie ecosystem and on blockchain. It costs $13K to originate a Fannie Mae mortgage. It costs $1K to do one in Figure's ecosystem - with the same" [X Link](https://x.com/mcagney/status/2008628917679382729) 2026-01-06T19:57Z 22.3K followers, [---] engagements "@aesmonty @Patrick_Bush_VE It will be interesting to see how this plays out. No doubt fraudsters are an enterprising lot but I think it's a much harder paradigm to perpetrate on blockchain" [X Link](https://x.com/mcagney/status/2008629219543425517) 2026-01-06T19:58Z 22.3K followers, [--] engagements "@gumdalf_ @ajbanon No doubt the "halo effect" is real but how substantive those toe dippers are to the long run ecosystem - especially around fees to L1 tokens - is where I'm suspect" [X Link](https://x.com/mcagney/status/2008632717097718144) 2026-01-06T20:12Z 22.3K followers, [--] engagements "@Jvstheman @Figure @provenancefdn I'm confident it scales. I believe we will do to the equity market what we have been successfully doing to the mortgage market. And that market (mortgage) involves plenty of execution custody and compliance" [X Link](https://x.com/mcagney/status/2008635390094197199) 2026-01-06T20:22Z 22.4K followers, [----] engagements "Credit on chain isn't easy and no less regulated. There is a reason @Figure dominates RWAs - if it was easy everyone would be doing loans on chain. Those reasons are why I believe Figure will dominate in equity (and every other market it goes into) as well. @provenance is an important part of this - I think more players will realize this in [----] and start leveraging that L1. https://twitter.com/i/web/status/2008637683086881096 https://twitter.com/i/web/status/2008637683086881096" [X Link](https://x.com/mcagney/status/2008637683086881096) 2026-01-06T20:31Z 22.3K followers, [--] engagements "The key is for @provenancefdn to capture the economic value of using the blockchain via network fees. Gas fees alone won't cut it (for Provenance Blockchain or any L1). For network fees to matter the economic value prop has to be tangible. Fortunately there is so much rent seeking across financial services building disintermediation on Provenance Blockchain could drive massive network fees. https://twitter.com/i/web/status/2008639275731189864 https://twitter.com/i/web/status/2008639275731189864" [X Link](https://x.com/mcagney/status/2008639275731189864) 2026-01-06T20:38Z 22.3K followers, [--] engagements "Visa and MC have together over a $1T market cap. Is it crazy to think the blockchain that disrupts them has a similar value But it won't happen on gas fees alone - it needs to happen through network fees. @provenancefdn is one L1 (which we at @Figure use extensively) that has a tokenomics model that captures network fees. Others will follow. I think what you will see is the greatest migration of public market capitalization from the current guard to the blockchains and dApp builders that will disrupt them. https://twitter.com/i/web/status/2008641728484708463" [X Link](https://x.com/mcagney/status/2008641728484708463) 2026-01-06T20:48Z 22.4K followers, [--] engagements "@Maverickein99 I'm going to use this again - will make sure I credit you" [X Link](https://x.com/mcagney/status/2008644937492160914) 2026-01-06T21:00Z 22.3K followers, [--] engagements "@donlyree My post was about exactly that - there is nothing to cheer about until they start paying fees that are commensurate with the L1s market cap(s)" [X Link](https://x.com/mcagney/status/2008646228490547646) 2026-01-06T21:05Z 22.3K followers, [--] engagements "@flipdazed @adamlawrencium @carlosdomingo @CantonNetwork @provenancefdn Why is @provenancefdn disingenuous Provenance is a public chain. The loans are driving the fastest yielding protocol on Solana @HastraFi. They trade every day on chain. Soon equity will be there as well. Please explain" [X Link](https://x.com/mcagney/status/2009115599646183531) 2026-01-08T04:11Z 22.4K followers, [---] engagements "I went to The Moose which wasn't all that French but fun. And had some great wine at dinner at Chez Fernand Christine. Picked up a killer bottle of La Mission Haut Brion at Les Caves Legrand. Had a great pasta dish and bottle of Tignanello at Pink Momma. And had a horrible experience at Monsieur Bleu (left an unhappy Google review on that one). https://twitter.com/i/web/status/2009116835040645145 https://twitter.com/i/web/status/2009116835040645145" [X Link](https://x.com/mcagney/status/2009116835040645145) 2026-01-08T04:15Z 22.3K followers, [--] engagements "Our argument was actually around the issue that while the loans were on chain the settlement for trading loans was happening asynchronously via wire. We're migrating towards $YLDS for all on-chain transactions and working out a way to validate legacy transactions for accurate TVL. @provenancefdn is public and decentralized. It's loans - which are native not digital twins - power @HastraFi the fastest growing token on Solana. The loans trade every day on chain. And soon equities (native not digital twins). https://twitter.com/i/web/status/2009119436914250199" [X Link](https://x.com/mcagney/status/2009119436914250199) 2026-01-08T04:26Z 22.4K followers, [--] engagements "I'm glad you brought up prime brokers. Prime brokers make money by lending and locating stock for borrow. The latter is the big money maker. Self-custody blockchain means using DeFi to borrow and lend - the latter in a lit limit order book where the stock lender gets 100% of the economics from the borrower vs. the prime broker taking the bulk of the economics. It's just better for the buy side. https://twitter.com/i/web/status/2009121916490264788 https://twitter.com/i/web/status/2009121916490264788" [X Link](https://x.com/mcagney/status/2009121916490264788) 2026-01-08T04:36Z 22.4K followers, [--] engagements "@refibikc On blockchain you can't short what you don't have - so it eliminates the ability to naked short. That's a big gripe from these companies" [X Link](https://x.com/mcagney/status/2009124195196916109) 2026-01-08T04:45Z 22.3K followers, [---] engagements "@hanni_abu @CoinEdition Well natively built on public blockchain at least" [X Link](https://x.com/mcagney/status/2009125449159594214) 2026-01-08T04:50Z 22.3K followers, [--] engagements "This is why value won't come just from gas fees. Problem with gas fees is that in a public chain if gas fees get outsized more validators join and compete them down. For differentiated value L1s need a defensible network fee. Defensible as in a moat. This is challenging as the moat won't be tech (they are open source) so has to be ecosystem. This is the synergy between @Figure and @provenancefdn - Figure has brought infrastructure - like an ATS $YLDS for fiat rails massive tradfi participation - and leveraged Provenance Blockchain's data control processes to build something unique and" [X Link](https://x.com/mcagney/status/2009126320618582306) 2026-01-08T04:53Z 22.4K followers, [---] engagements "@wealth_HZ The only way blockchain works is if the assets are originated on chain. IOUs/Digital Twins/Tokenization doesn't work. Who is going to lend against a fake asset" [X Link](https://x.com/mcagney/status/2009126758742937960) 2026-01-08T04:55Z 22.3K followers, [----] engagements "@RamondDEgreat @provenancefdn has been decentralized for years. It just never participated in the meme coin token rug pull game and because of that doesn't get credit from certain crypto degens" [X Link](https://x.com/mcagney/status/2009129206056407374) 2026-01-08T05:05Z 22.3K followers, [--] engagements "@DepierroChris @_Synthquest @CoinEdition I don't know enough about what they are doing to opine" [X Link](https://x.com/mcagney/status/2009130103914287189) 2026-01-08T05:08Z 22.3K followers, [--] engagements "@curiousgurnoor @CoinEdition I'm not sure what instance a multi-lateral netting would be better than real time atomic netting - give me an example and let me opine" [X Link](https://x.com/mcagney/status/2009130661677027583) 2026-01-08T05:10Z 22.3K followers, [--] engagements "@flipdazed @adamlawrencium @carlosdomingo @CantonNetwork @provenancefdn @HastraFi @RWA_xyz [--]. Yes. @HastraFi - the fastest growing token on Kamino/Solana - is backed by Figure assets. [--]. Yes. There is no off-chain registry. [--]. Yes. Even securities $YLDS for example a registered yielding stable can move p2p" [X Link](https://x.com/mcagney/status/2009131441331032261) 2026-01-08T05:13Z 22.5K followers, [---] engagements Limited data mode. Full metrics available with subscription: lunarcrush.com/pricing
@mcagney Mike Cagney
Mike Cagney posts on X about blockchain, $ylds, rwa, solana the most. They currently have [------] followers and [---] posts still getting attention that total [------] engagements in the last [--] hours.
Engagements: [------] #
- [--] Week [-------] +1,283%
- [--] Month [-------] +109%
- [--] Months [---------] +326%
- [--] Year [---------] +3.40%
Mentions: [--] #
- [--] Week [--] +41%
- [--] Month [--] -13%
- [--] Months [---] +170%
- [--] Year [---] +43%
Followers: [------] #
- [--] Week [------] +1%
- [--] Month [------] +2.60%
- [--] Months [------] +17%
- [--] Year [------] +30%
CreatorRank: [-------] #
Social Influence
Social category influence finance cryptocurrencies #932 exchanges stocks technology brands automotive brands currencies social networks events countries
Social topic influence blockchain #230, $ylds, rwa #44, solana, native #343, $hash, defi #304, money, liquidity #1096, fiat
Top accounts mentioned or mentioned by @figure @provenancefdn @figuremarkets @elveton101 @ionicdigital @celsiusnetwork @solana @booklilifee @hastrafi @coingecko @simondixontwitt @ftxofficial @celsiusfacts @suinetwork @madeye181 @patrabbitte1 @aarondbennett @defillama @mhebe3et @kamino
Top assets mentioned Solana (SOL) Celsius (CEL) Coinbase Global Inc. (COIN) Kamino (KMNO) USDC (USDC) Raydium (RAY) Bitcoin (BTC) Ethereum (ETH) Figure Technology Solutions, Inc. (FIGR) Goldman Sachs (GS) Rally (RLY)
Top Social Posts
Top posts by engagements in the last [--] hours
"I wonder what #blockchain and #crypto will look like #25years from now Feels like we're already moving past the fiasco's of 2022"
X Link 2024-03-28T15:49Z 21.1K followers, [----] engagements
"Thank you to the thousands of shareholders who have filled out the form supporting a public board meeting at Ionic Digital. We did meet privately with the company yesterday per their press release. We pressed for changes including overhauling the board replacing the mining agreement and providing immediate liquidity for shareholders with capital to buy for those who want to sell and a path to create value for those who want to stay in. If you had gotten BTC instead of Ionic shares you'd be up 68% since 2/1. Instead you are down (probably over 75%) - and have no liquidity. Let's fix this."
X Link 2024-10-29T14:35Z 20.6K followers, [----] engagements
"So what if we offered the following. BTC second mortgage. Let's say you have a $500K home and a $350K mortgage. We lend you up to $250K (1.2 CLTV) to buy BTC subject to you holding the BTC in escrow as collateral. No credit check no underwriting. Market interest rate. Fully prepayable without penalty. Or BTC first mortgage. We've done these before. You put up $500K in BTC as collateral and we lend you $500K to buy a $500K property. No money down. What other creative crypto/real estate loans should we bring to market"
X Link 2024-11-28T18:14Z 20.7K followers, 478.6K engagements
"@booklilifee @CelsiusNetwork @IonicDigital When Fahrenheit fell apart we submitted an even better proposal/bid - but were told that the UCC was not interested and if I published my bid W&C was going to sue me because the debtor had exclusivity. But I'm focused on the future now - and getting Ionic liquid"
X Link 2025-01-29T18:38Z 18.6K followers, [----] engagements
"If Coinbase has $420B in assets it would actually be the 10th largest bank in between Capital One and TD Bank. But I'm not sure that's something to boast about. No one should be holding your crypto but you. FTX was only three years ago - how fast people forget"
X Link 2025-02-08T18:37Z 18.2K followers, [----] engagements
"This week three shareholders VentonVejseli Brett Perry and Chris Villinger with the support of Figure Markets and GXD Labsfiled suit against Ionic Digital in Delaware Chancery Court to compel production of a complete list of the Companys stockholders to enable a solicitation for an alternate slate of directors at the [----] annual meeting. The complete complaint can be found here: Ionic forced this action as it has denied legitimate shareholder requests for the stockholder list for months. More coming here - stay tuned https://drive.google.com/file/d/1SEWOCjkjwY7fwvyiX4Y2UQlbELaF9-80/view"
X Link 2025-02-11T22:11Z 18.3K followers, 11.2K engagements
"The answer to this WSJ question: not you. With decentralized MPC there is no reason to use centralized custodians. Don't forget FTX. https://www.wsj.com/finance/currencies/coinbase-crypto-ownership-accounting-7c97b26amod=lead_feature_below_a_pos1 https://www.wsj.com/finance/currencies/coinbase-crypto-ownership-accounting-7c97b26amod=lead_feature_below_a_pos1"
X Link 2025-02-19T18:43Z 18.3K followers, [----] engagements
"Big day for Figure Markets. First I got to talk about blockchain RWAs and our vision for the future with @RaoulGMI. I really appreciate him taking the time to speak with me and hope this helps bring more light to the goals of Figure Figure Markets and Provenance. https://x.com/raoulgmi/status/1892529643724657081s=46&t=sVpRYO3j8bLfeoWFnrtQig https://x.com/raoulgmi/status/1892529643724657081s=46&t=sVpRYO3j8bLfeoWFnrtQig"
X Link 2025-02-20T15:25Z 18.4K followers, 16.7K engagements
"Second big piece of news - we launched YLDS today. First public blockchain public security stable coin. Pays over 3.8% (today) p2p transferable on Provenance Blockchain but the Provenance Foundation will wrap it to other L1s/DeFi protocols. Will be used for collateral payments cross border remit and more. This is the beginning of real transformation. https://www.figuremarkets.com/resources/figure-markets-announces-ylds-first-yield-bearing-stablecoin/ https://www.figuremarkets.com/resources/figure-markets-announces-ylds-first-yield-bearing-stablecoin/"
X Link 2025-02-20T18:39Z 21.2K followers, [----] engagements
"Ok - now that YLDS is live who wants to start building on it On chain public security. Fixed dollar price and daily accumulated interest. Freely transferable p2p. Beyond the use case of exchange collateral I'd love to see third parties lean in to use YLDS for cross border remit payment rails and fintech backend. First movers will get a huge advantage here and the @provenancefdn is providing support for teams to build on YLDS. https://lnkd.in/g55rtPuT https://lnkd.in/g55rtPuT https://lnkd.in/g55rtPuT https://lnkd.in/g55rtPuT"
X Link 2025-02-23T21:03Z 21.4K followers, [----] engagements
"Talking about using your home equity to buy BTC - and giving some BTC away in the process Come join @FigureMarkets for an AMA/Giveaway about Bitcoin HELOCa product that lets homeowners use their home equity to invest in Bitcoin. Mike Cagney CEO @mcagney will be live on Feb. 25th to answer. The [--] best questions wins $100 in BTC as a reward. https://t.co/FpK919SW1m Come join @FigureMarkets for an AMA/Giveaway about Bitcoin HELOCa product that lets homeowners use their home equity to invest in Bitcoin. Mike Cagney CEO @mcagney will be live on Feb. 25th to answer. The [--] best questions wins $100"
X Link 2025-02-24T17:59Z 18.4K followers, [----] engagements
"Thanks NYSE for giving a nod to YLDS today"
X Link 2025-02-24T20:26Z 21.3K followers, [----] engagements
"This. If you say you are tired of the "trust me bro" how do you put up with this behavior How has a public company (and they are public just not listed) gone over a year without producing a single financial report - even unaudited I'd suggest we ask Elizabeth LaPuma to do a spaces to debate with Abbate and let shareholders decide but she needs an X account first. Unless she's one of those very few anonymous company cheerleaders. Ionic issued its proxy materials last night and and left more questions than answers: - What is the size of the Board - How many total board seats are there - When"
X Link 2025-02-25T22:35Z 18.4K followers, [----] engagements
"Excited to be on @FintechTvGlobal today talking YLDS and blockchain with @VinceMolinari https://www.fintech.tv/News/Detail/9392-figure-markets-launches-yield-bearing-stablecoin-poised-to-drive-blockchain-adoption-mike-cagney-co-founder-ceo-of-figure-markets- https://www.fintech.tv/News/Detail/9392-figure-markets-launches-yield-bearing-stablecoin-poised-to-drive-blockchain-adoption-mike-cagney-co-founder-ceo-of-figure-markets-"
X Link 2025-02-25T22:38Z 21.3K followers, [----] engagements
"@punk2641 @FigureMarkets @ProvLabs You will be able to go directly to Figure Certificate Company to buy YLDS soon and there are third parties who will buy/sell YLDS coming online now. Prov Labs is a good option to build applications on YLDS"
X Link 2025-02-26T20:22Z 21.3K followers, [--] engagements
"@happytokenizing @Figure Not just funded - the largest RWA company period. Over $42B in public blockchain RWA transactions and growing"
X Link 2025-02-27T17:28Z 21.4K followers, [---] engagements
"With YLDS we have the ability to move dollars - backed by a security issued by a US regulated company with 1:1 reserves - on blockchain. One use case that I've thought about for awhile is the UAE/India cross border remit corridor. Using YLDS would allow for instant low cost transfer - no nostro/vostro accounts and intermediaries. I have UAE on ramps and India off ramps but how do I take this to market Looking for thoughts and/or partners here"
X Link 2025-03-03T16:44Z 21.3K followers, [----] engagements
"@pitdesi Provenance Blockchain is a public blockchain. I don't believe in private/permissioned blockchains"
X Link 2025-07-15T21:01Z 20.6K followers, [---] engagements
"Excited to announce that we are recombining @Figure and @FigureMarkets. I split the company in two last year given the regulatory headwinds around blockchain. I was fortunate to bring Mike Tannenbaum in as CEO of Figure and I became CEO of Figure Markets. With the change in the regulatory environment and the growing public market enthusiasm for blockchain companies it made sense to recombine the companies. Michael will be the CEO of the recombined Figure and I'll be the Executive Chairman. I won't be doing anything different - I'm still 100% focused on Figure Provenance Blockchain Foundation"
X Link 2025-07-17T18:09Z 20.6K followers, 21.8K engagements
"I just spent a few minutes responding to someone falsely suggesting Provenance Blockchain is a permissioned chain so let me set the record straight on Provenance Blockchain and how Figure uses it in one post for subsequent reference (by me or you). Provenance Blockchain is a decentralized public proof of stake blockchain. It is built on the Cosmos SDK and uses the Tendermint consensus module. It has a robust independent community of validators. Figure - the largest holder of $HASH which is the governance token - holds 20% of the supply but does not vote and delegates across multiple"
X Link 2025-08-06T18:28Z 20.6K followers, [----] engagements
"Slowly working our way onto the aggregator's reporting. Figure HELOCs represent the 17th largest crypto asset on CoinGecko. Now we need them to show Provenance Blockchain as the #2 public chain by TVL and capture loan trading volume on Figure Markets - stay tuned"
X Link 2025-09-02T12:50Z 20.6K followers, [----] engagements
"Super excited to have been on @MorningsMaria this morning talking about @Figure @FigureMarkets and blockchain. Thank you for having me @MariaBartiromo. https://www.foxbusiness.com/video/6379496837112 https://www.foxbusiness.com/video/6379496837112"
X Link 2025-09-15T19:05Z 20.6K followers, [----] engagements
"We are very focused on helping list $HASH at the largest CEXs. Once that happens we'll expand listing. As I've said there are/were several steps in this process including aggregator listing (partially done with more work in progress) market makers (we are negotiating terms) and listing. We're in this for the long haul and managing lots of priorities between Figure and Provenance. Some pretty impressive numbers on re: loan growth. https://provenance.io/pulse https://provenance.io/pulse https://provenance.io/pulse https://provenance.io/pulse"
X Link 2025-09-30T18:30Z 20.6K followers, [---] engagements
"Per Freddie Macs [----] Cost to Originate document retail lenders paid an average of $11600 to produce a mortgage. On a $200000 mortgage $11600 is 5.8%. You generally arent going to be selling Freddie (or Fannie or anyone) that loan for a 5.8% gain. As a result loan officers wont originate these loans because they cant make money. By harnessing the efficiency of blockchain - reducing origination costs providing for market liquidity and soon - cheaper warehousing through DeFi - @Figure makes these loans profitable for originators and loan officers. We enable our partners to offer competitively"
X Link 2025-10-06T21:30Z 21.4K followers, [----] engagements
"If you are a smaller bank the big banks are coming after your retail deposits with a compelling stablecoin value prop. As a small bank you can defend against this by offering a yielding coin. All the utility of stablecoin but with a yield. And you keep the deposits on your balance sheet (but have to pay interest). You are taking fungible counterparty risk but the coin is backed exclusively with treausries and bank deposits and is SEC-regulated with regular audits and reporting"
X Link 2025-10-08T21:46Z 20.6K followers, [---] engagements
"@EpochParallax @FigureMarkets @provenancefdn Working on it - it's one of my top three priorities. I made some mistakes when we launched $HASH several years ago that have made this more complicated than it should be but they are being remedied"
X Link 2025-10-10T15:50Z 20.7K followers, [---] engagements
"Im looking forward to joining a tremendous group of entrepreneurs at @GoldmanSachs Builders and Innovators Summit this week. And I'm especially excited to see @Chef_Valette pouring his Valette Cab Wednesday night #GSInnovators"
X Link 2025-10-13T16:41Z 20.6K followers, [----] engagements
"Expand on that more for me. I view liquidity as being germane to knowledge of ownership and provenance. For example with our loans you know there is only one loan (on chain) and how it's performed (also on chain). For liquidity I view the same value prop for bilateral lending. Neither seem dependent on transactional efficiency"
X Link 2025-10-23T19:19Z 20.7K followers, [---] engagements
"@djatlantic @CryptoTiMb3R @RWAwatchlist_ @provenancefdn We are working on that goal but you can trade $HASH on with self-custody and no transaction fees. http://figuremarkets.com http://figuremarkets.com"
X Link 2025-10-25T19:29Z 21.4K followers, [---] engagements
"Lots of questions around the volatility of $FIGR_HELOC price on @coingecko the past few days. And I have answers. Coingecko takes a feed from the Figure loan marketplace. Whenever loans trade the price is updated. Usually that price is around $1 (right now it's $1.03). That translates to about $13.6B in TVL today. And that's close to what's on Sometimes loans will trade at different prices. For example delinquent loans might trade at a sharp discount as a small pool did this weekend. Or high coupon loans could trade at a big premium as a pool did earlier this morning (the 28th). The net is"
X Link 2025-10-28T19:35Z 21K followers, [----] engagements
"@drcreeptic @coingecko And we are public blockchain RWA"
X Link 2025-10-29T21:30Z 20.7K followers, [--] engagements
"@malekanoms This is right. There is no utility in a tokenized bank deposit. And remember @provenancefdn is public not permissioned"
X Link 2025-11-02T16:44Z 21K followers, [---] engagements
"Big numbers Thanks to @artemis for capturing @Figure activity on @provenancefdn. Figure is the largest public chain RWA player and Provenance Blockchain is the leading public chain for RWAs. First it was credit then stables and soon.equity https://x.com/artemis/status/1985390247656706470 Real-world assets are moving on-chain. Today Artemis adds dashboards for: @Figure: $13.1B TVL + loan balance of $13.6B @provenancefdn (HASH): $17.7B TVL + 60.1K DAUs Track every metric below 👇 https://t.co/AtAGp4D4hP https://x.com/artemis/status/1985390247656706470 Real-world assets are moving on-chain."
X Link 2025-11-03T17:28Z 21.4K followers, [----] engagements
"Blockchain solves this. @Figure can't double pledge or pledge fraudulent loans to @GoldmanSachs because we use @provenancefdn and DART. Soon this will be the norm. via @WSJ https://www.wsj.com/finance/investing/wall-street-intensifies-scrutiny-of-fraud-after-spate-of-loan-losses-0397bc55st=Wv133u https://www.wsj.com/finance/investing/wall-street-intensifies-scrutiny-of-fraud-after-spate-of-loan-losses-0397bc55st=Wv133u"
X Link 2025-11-04T15:57Z 21.4K followers, [----] engagements
"Crypto volatility can be rough - especially on days like today. To better manage volatility with peace of mind you now can borrow against your BTC at @Figure with the option of no liquidation/margin risk and your coins stay in your MPC wallet (we don't lend them out and you are bankruptcy remote from us). Rates with liquidation protection on [--] month loans start at 8.91% (12.12% APR). We're working on extending this to ETH and SOL as well - stay tuned. Figure is the blockchain loan leader withover$20B in loans originated since2018." https://www.figure.com/crypto-backed-loan/"
X Link 2025-11-04T21:08Z 20.8K followers, [----] engagements
"The @Figure team made this with AI. Never face a margin call again Let's say you put up $100 in BTC to borrow $50. If at maturity the value of the BTC is $30 you walk away. No margin calls - ever. https://youtu.be/rqZmYAhL8MYsi=JuUkhGTpXI0R7weG https://youtu.be/rqZmYAhL8MYsi=JuUkhGTpXI0R7weG"
X Link 2025-11-05T14:29Z 20.8K followers, [----] engagements
"@djatlantic @Figure We hedge it - you can think of it as us buying puts"
X Link 2025-11-05T15:59Z 20.8K followers, [---] engagements
"No - we take the risk. The key for borrowers is - you put up $100K in BTC. You borrow $50K. If the value of the BTC falls below the $50K plus interest when the loan matures in [--] months you walk. If not you pay your principal and interest and take the remaining BTC. The BTC sits in an MPC wallet. What we do to hedge doesn't impact your collateral or the terms of the contract - you don't take Figure risk"
X Link 2025-11-06T13:31Z 20.8K followers, [--] engagements
"If you own $HASH and/or are interested in @provenancefdn tune in tomorrow for our update https://x.com/provenancefdn/status/1986528571024928943 Reminder Provenance Pulse Check This Friday Join @juneou Executive Director of Provenance and @mcagney Board Member of Provenance Blockchain and Executive Chairman of @Figure for a live discussion on: - Provenance network growth and adoption - Institutional use cases https://t.co/8BhrGNDazP https://x.com/provenancefdn/status/1986528571024928943 Reminder Provenance Pulse Check This Friday Join @juneou Executive Director of Provenance and @mcagney Board"
X Link 2025-11-07T02:17Z 21.4K followers, [----] engagements
"Blockchain wallets are going to completely disrupt how financial services work. Today you have an account at a firm like SoFi. They provide you access to crypto markets securities markets banking loans all through their native app. Its convenient but you are captive to their solutions and they intermediate your access to these things at your expense (e.g. as introducing broker to exchanges etc.). I believe this paradigm will shift. You will have a wallet. The wallet can attach to whatever crypto exchange securities marketplace or DeFi (lending) protocol you choose. You self-custody your"
X Link 2025-11-09T21:33Z 20.9K followers, 28.8K engagements
"@AlexH_Johnson Historically it hasn't been great re: user experience but it can - and will. For securities safety will be better than the tradfi alternatives. For true bearer assets MPC is one way to mitigate (or eliminate) key risk"
X Link 2025-11-10T01:45Z 20.8K followers, [---] engagements
"@standing5033 Not for securities and with MPC not for crypto either"
X Link 2025-11-10T01:49Z 20.8K followers, [---] engagements
"@TridentSolana @SolanaFndn @nickducoff @Figure Being able to use your stock to buy BTC or lend you stock out for borrow on DeFi is way better than trading at [--] a.m"
X Link 2025-11-12T16:37Z 20.9K followers, [--] engagements
"@NathanielJ65018 Tokens are only valuable if they yield have utility applications or for novelty. And yield is the most important. That's why the @provenancefdn is working to bolster tokenomics against RWA use cases"
X Link 2025-11-12T16:50Z 21.4K followers, [--] engagements
"@jevgenijs That would be great - but it disrupts their own model. Will they let you trade crypto - for example - on DeFi and give up the economics themselves Or will they charge you for it and defeat the benefit of having that choice. We'll see"
X Link 2025-11-12T16:53Z 20.9K followers, [---] engagements
"@GanguliArko I think @Figure and @provenancefdn are driving these use cases. We can't rely on others to step in and innovate here - I think we'll do for most assets what we've already done for credit"
X Link 2025-11-12T16:55Z 21.4K followers, [--] engagements
"@AlexH_Johnson It hasn't - and user experience has been one of the biggest impediments to broader adoption. But this can be fixed (albeit a bit of threading the needle)"
X Link 2025-11-12T16:59Z 20.9K followers, [--] engagements
"Figure released earnings after the close. Net income for the quarter is up 227% year over year to $90 million. Adjusted net revenue for the quarter of $156 million with an EBITDA margin at 55%. Figure is killing it. But what I am most excited about is this: Figure is doing a second IPO - a non-dilutive secondary of true blockchain native public equity on @provenancefdn. Not a tokenized DTCC stock. The real deal. Can't wait to talk more about this. https://investors.figure.com/news-releases/news-release-details/figure-technology-solutions-inc-announces-confidential-1"
X Link 2025-11-13T22:53Z 20.9K followers, [---] engagements
"@Figure released earnings after the close. Net income for the quarter is up 227% year over year to $90 million. Adjusted net revenue for the quarter of $156 million with an EBITDA margin at 55%. Figure is killing it. But what I am most excited about is this: Figure is doing a second IPO - a non-dilutive secondary of true blockchain native public equity on @provenancefdn. Not a tokenized DTCC stock. The real deal. Can't wait to talk more about this. https://investors.figure.com/news-releases/news-release-details/figure-technology-solutions-inc-announces-confidential-1"
X Link 2025-11-13T23:16Z 21K followers, [----] engagements
"@provenancefdn On @provenancefdn through @Figure"
X Link 2025-11-14T01:32Z 21.4K followers, [---] engagements
"We're looking at moving to Las Vegas this year. If you live there - views on Henderson vs Summerlin"
X Link 2025-11-17T17:16Z 21K followers, [----] engagements
"So this dropped today. I've been so behind I'm just getting time to post it. @Figure public equity. Native on @provenancefdn. DeFi access. Hopefully the major crypto wallets lean in to offer access to the marketplace. The world is changing - fast. https://www.figure.com/newsroom/announcement/figure-announces-public-filing-of-registration-statement-for-proposed-offering-of-blockchain-native-equity-securities/ https://www.figure.com/newsroom/announcement/figure-announces-public-filing-of-registration-statement-for-proposed-offering-of-blockchain-native-equity-securities/"
X Link 2025-11-18T05:00Z 21.4K followers, [----] engagements
"@MBTannenbaum and I penned this blog on issuing the first public equity native to public blockchain. Sadly the lawyers and bankers cut a lot out of this but it's still pretty good - and explains why we are issuing stock on blockchain and why it's so important. Equity on chain is native not a DTCC copy. It can trade 24x7 in a self-custody marketplace with visible bids/offers like a limit-order-book decentralized exchange. But the real value is the ability to use the stock as collateral in decentralized financing and to lend it out directly instead of through the prime brokers. This is a huge"
X Link 2025-11-18T17:01Z 21K followers, [----] engagements
"@HunterQThompson @Figure @provenancefdn I think very quickly especially the other blockchain IPOs in the pipe"
X Link 2025-11-18T17:43Z 21.4K followers, [---] engagements
"@chiafarmers @anthonymoro111 @provenancefdn @Figure @The_DTCC @NYSE @NasdaqExchange @provenancefdn is a public chain and putting equities native on chain is much bigger than this. Sorry"
X Link 2025-11-19T21:13Z 21.4K followers, [----] engagements
"What if you could put up $100K in BTC borrow $50K against it for [--] months at a 12.17% APR and never worry about a margin call BTC crashes and your collateral is only worth $35K No problem. It rallies back to $100K at maturity Pay off the loan and get your coin. Or net your loan against your BTC. If BTC doesn't rally back Keep the loan and walk away. @Figure builds the best products"
X Link 2025-11-28T20:32Z 21.4K followers, [----] engagements
"@HunterQThompson Working on this - part of why we are issuing FIGR stock natively on blockchain - so you can borrow against it on Democratized Prime"
X Link 2025-11-29T18:57Z 21.3K followers, [--] engagements
"@Gmoneymay @SolanaConf @solana @Figure @HastraFi Everything pays $HASH fees"
X Link 2025-12-01T00:43Z 21.6K followers, [---] engagements
"While I disagree with some of what @citsecurities wrote to the @SECGov I actually agree with one important aspect of their argument: "As we detail below granting broad exemptive relief to facilitate the trading of a tokenized share via DeFi protocols would create two separate regulatory regimes for the trading of the same security." Tokenizing DTCC securities won't work. It won't work because trading such securities bilaterally on blockchain violates reg NMS and creates a bifurcated regulatory process (per Citadel's argument above) and the SEC doesn't have the authority to ignore law. But"
X Link 2025-12-04T15:51Z 21.6K followers, [----] engagements
"@HunterQThompson @citsecurities @SECGov To do this you need a.) an ATS that functios like a DEX (self settle) b.) a way to convert the securities without tax and c.) a regulator willing to let it happen. We're fortunate to have all of those but it wasn't easy getting here - hence why this is the first"
X Link 2025-12-04T16:09Z 21.6K followers, [---] engagements
"I think the buy side will push every one of their portfolio companies to issue stock on chain as that stock has better collateral value and can be leant directly (better stock loan economics). But beyond that any company that wants to fight naked short selling as you can't naked short on chain"
X Link 2025-12-04T16:29Z 21.6K followers, [---] engagements
"$75K in cash incentives People should be paying YOU for access But awesome to see. Who would have thought earning yield from mortgages on public blockchain would be this cool 1/ In less than [--] hours PRIME Market on Kamino has surpassed $10M in deposits PRIME can be used as collateral on Kamino allowing users to take leveraged exposure to its 8% APY. Additionally up to $75K incentives are live for CASH borrows in collaboration with @phantom https://t.co/ET3uWWjkBH 1/ In less than [--] hours PRIME Market on Kamino has surpassed $10M in deposits PRIME can be used as collateral on Kamino allowing"
X Link 2025-12-05T18:53Z 21.6K followers, [----] engagements
"@marshallsebas @HastraFi @solana @Figure @provenancefdn @kamino @Raydium You are just stepping in to replace Goldman as the warehouse lender. You have an overcollateralized asset-backed loan with liquid collateral"
X Link 2025-12-07T23:55Z 21.6K followers, [--] engagements
"@zkmattwyatt @HastraFi @solana @Figure @provenancefdn @kamino @Raydium YLDS holds treasury bills/treasury repo"
X Link 2025-12-07T23:55Z 21.6K followers, [--] engagements
"Had a great time doing this podcast. Exciting to see more and more banks lean in on #blockchain and #USDF through Provenance Blockchain Foundation. https://lnkd.in/d3dsCAMX https://lnkd.in/d3dsCAMX"
X Link 2022-02-14T17:00Z 21.9K followers, [--] engagements
"Three thoughts about the upcoming Celsius auction. 1.) Listing on the Nasdaq (or any centralized exchange) is a long and uncertain process. I think regulatory counsel would suggest this could take over a year if it happens at all. I believe Figure can support secondary trading on our ATS quickly. 2.) There will be lots of creditors who will want to sell on day one. Liquidity doesnt just show up regardless of where the stock is listed. $100s of millions of bids need to be lined up to support day one selling otherwise the stock crashes before anyone gets out. I believe NovaWulf/Figure are in"
X Link 2023-04-25T03:08Z 22.1K followers, 74.6K engagements
"Ionic shareholders - you will be getting two proxy ballots for the upcoming board meeting. The first will come from the company. If you want change do not vote this proxy. Voting "not" to the board candidates doesn't matter - the company only counts how many "yes" votes each board member receives. The "Nominating Shareholders" proxy (Ionic shareholders supported by Figure Markets and GXD Labs) will go out electronically by the end of this week. Our candidates are Mike Abbate and Oliver Wiener We believe Mike and Oliver will drive the change needed for the company. The company is fighting the"
X Link 2025-02-18T18:33Z 22.2K followers, [----] engagements
"At this point with Ionic - with moves like updating company bylaws mid proxy battle - I'm starting to think it's less about the board and W&C maintaining their compensation and more about being terrified of new shareholder aligned board members uncovering what's gone on for the past year making that public and forcing accountability"
X Link 2025-02-26T21:18Z 22.2K followers, [----] engagements
"Had a great time speaking with @APompliano at the Bitcoin Investor Week Thanks for having me on to talk about YLDS and how @provenancefdn is going to transform finance"
X Link 2025-02-28T22:00Z 22.2K followers, [----] engagements
"Great news out of @Figure. Figure's onchain registry system DART is being used by big names like Goldman Sachs and Jefferies - and they love the efficiency. DART allows for a UCC section [--] perfected lien on a public blockchain asset. In addition to being a better alternative to MERS DART is used in @FigureMarkets to allow users to self-custody crypto and other blockchain native assets and trade the security interest on those assets in the marketplace. DART is built on @provenancefdn the largest RWA public blockchain with over $11.8B in RWA TVL and over $1B in monthly RWA transactions."
X Link 2025-03-05T23:28Z 22.2K followers, [----] engagements
"I'm talking live with @Nsantoma at 3:30 ET to discuss what's going on at @FigureMarkets. Specifically we'll talk about $YLDS MPC self custody and P2Prime (formerly democratized prime). Tune in https://x.com/i/spaces/1vOGwXQyQjVJB/peek https://x.com/i/spaces/1vOGwXQyQjVJB/peek"
X Link 2025-03-27T16:56Z 22.2K followers, [----] engagements
"With $YLDS you can hold a yielding public security stable coin on blockchain - backed by the same securities held in a prime money market fund. You can send $YLDS to anyone use it to buy things like the Figure REIT or turn it into USD. $YLDS is currently offered through @FigureMarkets but soon you can buy it directly from Figure Certificate Company. $YLDS can be exchange collateral used for global treasury used for cross border remit and many more applications - try it out at http://www.figuremarkets.com https://twitter.com/i/web/status/1905384463162642672 http://www.figuremarkets.com"
X Link 2025-03-27T22:20Z 22.2K followers, [----] engagements
"Had a great time talking about tokenization and stable coins with @Ryan__Barney at @PanteraCapital and @nathanlallman from @OndoFinance. Excited with what @FigureMarkets is doing with $YLDS here https://panteracapital.com/blockchain-letter/full-spectrum-investing-approach/#_ftn2 https://panteracapital.com/blockchain-letter/full-spectrum-investing-approach/#_ftn2"
X Link 2025-04-01T19:19Z 22.2K followers, [----] engagements
"@CampbellJAustin @brian_armstrong @FigureMarkets pays interest on $YLDS. It is a public security freely transferable p2p. I think it - not bank coin - will be the catalyst for narrow banking"
X Link 2025-04-03T00:22Z 22.2K followers, [---] engagements
"@TradFiAnalyst Very confident. $YLDS is a security - but - unlike money market funds - it is freely transferable p2p"
X Link 2025-04-03T04:18Z 22.2K followers, [--] engagements
"@ronits_fin_adv @CampbellJAustin @brian_armstrong @FigureMarkets It is a security that was written into law in the [--] Act - now that it is effective they cant kill it unless they change the laws. The bigger issue is making sure the new stablecoin purchase networks dont preclude $YLDS - we are lobbying hard on that front"
X Link 2025-04-03T04:20Z 22.2K followers, [---] engagements
"@TradFiAnalyst Yes - as a security it's outside of the scope of what I call "bank coin". We just have to thread the needle to make sure it isn't precluded from the payment rails that result from bank coin legislation. That's why the p2p transferability is key"
X Link 2025-04-03T19:28Z 22.2K followers, [--] engagements
"Agreed - @phtevenstrong - why no $YLDS mention This list is missing YLDs from @Figure @FigureMarkets. This is the first to be registered with the SEC. The daily accrual w/out need for staking also nice/differentiated YLDS. will be invested in securities such as Treasuries and commercial paper. Users of the stablecoin This list is missing YLDs from @Figure @FigureMarkets. This is the first to be registered with the SEC. The daily accrual w/out need for staking also nice/differentiated YLDS. will be invested in securities such as Treasuries and commercial paper. Users of the stablecoin"
X Link 2025-04-09T04:29Z 22.2K followers, [----] engagements
"@provenancefdn is a public blockchain. When it first launched in [----] it was permissioned - and maybe thats what @diogomonica is referencing - but in [----] it was relaunched as a public proof of stake blockchain. @Figure loans on Provenance are more legitimate RWA assets than funds like BUIDL - the loans are actually on chain vs. the fund holding off chain assets. Institutions (like Goldman Apollo and others) have been trading Figure loans on chain for years. The issue has been that the settlement currency wasnt a listed stable coin so the aggregators werent tracking the assets. That is"
X Link 2025-04-28T17:27Z 22.2K followers, [----] engagements
"DP doesn't directly involve yielding stables - that's $YLDS which went effective with the SEC on Feb [--]. DP does step in to replace banks/prime brokers in that it allows borrowers to put up their native digital assets as collateral for bilateral loans from lenders. For example Figure is beginning to move it's $15B in assets on Provenance to DP for financing vs. bilateral warehousing from Goldman and others. What's unique is that DP functions as an hourly auction - so anyone can compete with Goldman (and Jefferies etc.) in funding Figure assets. Our goal is to allow entities that take their"
X Link 2025-05-02T15:02Z 22.2K followers, [--] engagements
"@sudhu_aru You can bid to fund asset with $YLDS but $YLDS itself is backed by the same securities in prime money market mutual funds"
X Link 2025-05-02T16:34Z 22.2K followers, [---] engagements
"Very excited to be doing this with @martypartymusic on Tuesday the 20th - will be talking $YLDS moving $14B of Figure RWA loans onto DeFi and more https://x.com/i/spaces/1yoJMoBmrnlKQ https://x.com/i/spaces/1yoJMoBmrnlKQ"
X Link 2025-05-16T21:09Z 22K followers, 14.9K engagements
"$YLDS today $14B+ of Figure loans soon Working to get @Figure and @FigureMarkets assets on @provenancefdn tracked by all of the major aggregators Now tracking @FigureMarkets's YLDS coin on our Stables Dashboard YLDS is a fixed-price interest-bearing stablecoin that accrues daily and is native to a public blockchain. Its transferable SEC-registered and backed by the same assets as prime money market funds https://t.co/RqYvGeI8UZ Now tracking @FigureMarkets's YLDS coin on our Stables Dashboard YLDS is a fixed-price interest-bearing stablecoin that accrues daily and is native to a public"
X Link 2025-06-10T19:36Z 22.2K followers, [----] engagements
"@mjpldn @StephaneDeBaets @davehendricks @tZERO @BeyondBYON @marcuslemonis @AlderLaneEggs @Tether_to @circle @Vertalo_ Yes - you can self custody $YLDS - it's the only SEC-registered p2p transferable yielding coin I know of at this point"
X Link 2025-07-21T17:44Z 22.2K followers, [---] engagements
"All public securities require a TA. We use Figure Equity Solutions an SEC registered TA. The TA "listens" to the blockchain (and now keeps all records on chain). $YLDS is a face amount certificate - the only type of public security transferable p2p without any regulated intermediary (no BD no ATS etc.). I (Mike) can move $YLDS directly to you (Stephane) on public chain. The TA records that movement. The TA must make best efforts to identify you but you can choose not to offer up name and address (though you would forsake interest as you would not be KYC'd)."
X Link 2025-07-21T18:31Z 22.2K followers, [---] engagements
"@AaronDBennett @provenancefdn though people are waking up to it - largest RWA L1 and has the Figure protocol and $YLDS"
X Link 2025-08-07T00:33Z 22.2K followers, [---] engagements
"The recent exciting announcement from @animocabrands and @ProvLabs is part of a growing pool of third parties being able to access @Figure collateral on @provenancefdn. With $YLDS as a yielding stablecoin and fiat rail over $15B in accessible RWA TVL (and counting) and extensibility onto other L1s DeFi will start building on Provenance Blockchain. https://www.animocabrands.com/animoca-brands-and-provlabs-to-co-develop-nuva https://www.animocabrands.com/animoca-brands-and-provlabs-to-co-develop-nuva"
X Link 2025-08-12T23:51Z 22.2K followers, [----] engagements
"The era of megabank stablecoin is coming. The GENIUS Act will usher in JP Coin and it will suck the liabilities (deposits) out of regional banks. Just as Chase has won in credit card rewards JP Coin will likely offer comparable rewards and benefits. Hard to see how regionals can fight back but they can. Regional banks can partner with @Figure $FIGR to use $YLDS as a defensive measure to stablecoin competition. $YLDS is an SEC registered yielding stablecoin. As a security its not part of the GENIUS Act but it holds the same assets treasuries and bank deposits. Banks can use $YLDS as an"
X Link 2025-10-08T16:17Z 22.2K followers, 16.9K engagements
"@amr_080 @malekanoms Although we can hold the dollars backing $YLDS at the banks whose customers are migrating to the security"
X Link 2025-10-10T15:51Z 22K followers, [--] engagements
"Start with the construct that when a customer buys $YLDS we can back the security with a bank deposit. Thus we can direct deposits to banks commensurate with their customer flows. Now you have two scenarios. If you are liability flush stablecoins are a threat to that model. By using a yielding coin alternative and keeping the deposit on balance sheet you are paying more for the liability but maintain the customer and the cash - and at a lower cost than holding it as a demand deposit. If you are not liability flush and buying brokered deposits this is no more expensive to you than the cost of"
X Link 2025-10-10T15:57Z 22.2K followers, [--] engagements
"I think stablecoins are a new product that makes it both easier and more economically attractive for the megabanks to poach regional customers (retail and business). I believe $YLDS is the best defense and as a wholly owned sub of $FIGR see this as a significant opportunity for us"
X Link 2025-10-10T15:59Z 22.2K followers, [---] engagements
"@SuiNetwork @Figure Looking forward to what the @SuiNetwork builder community does with $YLDS. Fiat rails p2p payments yielding coin - lots to do here"
X Link 2025-10-14T17:21Z 22.2K followers, [---] engagements
"Looking forward to seeing what the builder community in the @SuiNetwork does with $YLDS. Tremendous payment remit and defi application waiting to be unlocked. https://blog.sui.io/figure-ylds-security-token/utm_source=twitter&utm_medium=organic&utm_campaign=news https://blog.sui.io/figure-ylds-security-token/utm_source=twitter&utm_medium=organic&utm_campaign=news"
X Link 2025-10-14T17:23Z 22.2K followers, 30.8K engagements
"@ryan_nikodem @SuiNetwork @provenancefdn @provenancefdn is the transfer agent tracking the security but these $YLDS are native on Sui"
X Link 2025-10-15T15:26Z 22K followers, [--] engagements
"Excited to be discussing $YLDS. Soon it will be everywhere"
X Link 2025-10-15T18:32Z 22.2K followers, [----] engagements
"One cool thing that will happen as $YLDS - @Figure's yielding stablecoin (as a registered security) is minted natively across more L1s - the transfer agent will allow you to move $YLDS immediately (or as fast as blocks are written) across any native L1. For example when $YLDS goes live on @SuiNetwork in a few weeks you will be able to instantly move $YLDS back and forth between Sui and @provenancefdn. As we add more L1s (e.g. Solana etc.) you will have more options as to where to move to/from. https://twitter.com/i/web/status/1978915654616101028"
X Link 2025-10-16T20:07Z 22.2K followers, 46.3K engagements
"@Th3Seafox @Figure We like them and they had a tangible plan on how they wanted to use $YLDS that made a ton of sense to us"
X Link 2025-10-16T20:18Z 22K followers, [---] engagements
"@marcarjoon @ryan_nikodem @SuiNetwork @provenancefdn Yes - TA is on @provenancefdn and pays gas fees in $HASH for every movement of $YLDS"
X Link 2025-10-17T21:05Z 22.2K followers, [---] engagements
"@sleepyweasal55 @Figure Yes. The TA is on @provenancefdn and all movements of $YLDS generate gas fees paid in $HASH"
X Link 2025-10-17T21:07Z 22.2K followers, [---] engagements
"$YLDS isn't a 40-act fund - it's a public fixed income security that can move p2p - greater utility than a 40-act product. Because it can move p2p with no broker there is no KYC requirement of the mover unless they are a regulated entity. I believe you will see updated filing stating our position is we can't remit to a non-kyc'd wallet but we won't restrict transfer to such. https://twitter.com/i/web/status/1979294399881449680 https://twitter.com/i/web/status/1979294399881449680"
X Link 2025-10-17T21:12Z 22.2K followers, [---] engagements
"@BruinMMA Thanks. We are doing something similar with $YLDS though I'd argue as interest bearing and with more use cases ours is better positioned to fed off the coming of JPCoin"
X Link 2025-10-23T19:17Z 22K followers, [--] engagements
"@CryptoPrifti @martypartymusic @EmanAbio You make 3.93% lending USDC on Aave right now. You make 3.69% with $YLDS but you have the utility of the coin - you can buy crypto swap to stables real time and fiat during banking hours - and soon we think you'll be able to buy coffee with it"
X Link 2025-11-03T14:14Z 22.2K followers, [--] engagements
"@LitixApp $YLDS - Figure's registered security yielding version of stablecoin - is one such medium for fiat on/off. And as a security it future proofs a change in bank regulation"
X Link 2025-11-10T01:43Z 22.2K followers, [---] engagements
"@LitixApp $YLDS from @Figure does this - now native on @provenancefdn @solana and @SuiNetwork with more to come"
X Link 2025-11-12T16:58Z 22.2K followers, [--] engagements
"@amr_080 @malekanoms @provenancefdn Every fintech should ditch the bank-as-a-service backend and just migrate to $YLDS. Fiat rails p2p transfer stablecoin utility and interest. What's not to like"
X Link 2025-11-13T17:08Z 22.2K followers, [---] engagements
"Hmmm.the only two SEC registered public securities trading native on public blockchains today are $YLDS and soon FIGR.B on @provenancefdn. So who doesn't the SEC take seriously But you're missing the forest through the trees here. There is room for lots of L1s in this ecosystem and isn't a winner-take-all. But @Figure and @provenancefdn are at the front of this effort. https://twitter.com/i/web/status/1991257102782984244 https://twitter.com/i/web/status/1991257102782984244"
X Link 2025-11-19T21:27Z 22.2K followers, [---] engagements
"@xiaoredevil If BTC rallies the borrower gets the benefit - Figure's interest rate is fixed. So if you put up $100K of BTC and borrow $50K in $YLDS (for example) and your BTC goes to $200K - you get that benefit and Figure gets its $50K plus interest back"
X Link 2025-11-30T22:44Z 22.2K followers, [--] engagements
"Isn't it better to earn staking yield backed by US mortgages than through some algorithm you don't understand @HastraFi is changing the game for yield on @solana using @Figure assets on @provenancefdn. Hastra Open Beta is live 🚨 Test the protocol Get wYLDS Stake for PRIME We're coming up on our full-scale launch with huge announcements lined up. This is your chance to get in ahead of the rest. Be early to the next era of DeFi yield. https://t.co/Cdr2mGZRXK Hastra Open Beta is live 🚨 Test the protocol Get wYLDS Stake for PRIME We're coming up on our full-scale launch with huge announcements"
X Link 2025-12-02T17:31Z 21.7K followers, 34.3K engagements
"When we started @Figure I was trying to get banks to originate loans on public blockchain. No one wanted to go first. So we built @provenancefdn made it public and decentralized and starting originating our own mortgages on chain. The goal was always to ultimately bring these assets to DeFi. Skip the Goldman warehouse and go directly to sources of capital with a liquid asset as collateral. The disintermediation promise of public blockchain. @HastraFi is a big step forward here. Partnering with @solana @Raydium @chainlink and Provenance Blockchain to bring high quality consistent and"
X Link 2025-12-03T18:57Z 22K followers, 64.1K engagements
"So not only can you go to @HastraFi on @solana to buy wYLDS and stake that wYLDS to earn a return backed by @Figure HELOCs that are on @provenancefdn but you can take your staking token $PRIME to @kamino to borrow against and @Raydium to trade. You know what the coolest part of this is Stakers are alternatives to the banks. Not only are they capturing an intuitive and competitive yield they are lowering the cost of capital to borrowers ultimately yielding to lower loan rates. Great things happen when you disintermediate tradfi capital allocators."
X Link 2025-12-05T17:50Z 22.1K followers, 43.6K engagements
"I am always excited to speak with @nickducoff - especially in Abu Dhabi We get to talk about the incredible start to @HastraFi on @solana and the RWA consortium with @kamino and @Raydium. Plus maybe something about @Figure 's upcoming on-chain secondary equity offering. I'm moderating a fireside chat with @mcagney Co-Founder of @FigureMarkets on December [--] that you won't want to miss. We'll be exploring real world asset pipelines institutional credit markets moving on-chain and the role @Solana plays in scaling financial infrastructure. https://t.co/yuJg4OcHGM I'm moderating a fireside chat"
X Link 2025-12-05T22:04Z 21.8K followers, 12.1K engagements
"@WillPeets @HastraFi @solana @Figure @provenancefdn @kamino @Raydium Maybe - but I'm trying to tackle liquidity head on with better tokenomics and broader listing. Hopefully Coinbase finally gives in and lists $HASH"
X Link 2025-12-07T23:50Z 21.9K followers, [---] engagements
"@subjectiveviews Why not issue the equity native to blockchain and eliminate the need for DTCC altogether And a digital twin unfortunately still has to adhere to reg NMS and can't trade bilaterally on a blockchain"
X Link 2025-12-13T05:16Z 22K followers, 22.6K engagements
"@wayne_nelmz Real estate has been a red herring. Most likely assets to migrate to blockchain are ones that are liquid - and therefore can leverage DeFi. DeFi (lending) is the primary reason to do anything on blockchain but it won't work without liquid (or stable value) assets"
X Link 2025-12-16T20:48Z 21.9K followers, [---] engagements
"@arampell Citadel isn't buying order flow to warehouse the risk. You could say they are a market maker who also happens to buy flow to cross profitably internally"
X Link 2025-12-16T20:50Z 21.9K followers, [---] engagements
"Let's say the market is $10.00 by $10.02. You enter a market buy I enter a market sell. Citadel buys both orders sells to you at $10.015 and buys from me at $10.005. The net $0.01. If they aren't there that $0.01 goes back to us in the form of a cheaper buy or higher sell. How are we better off with them in the middle"
X Link 2025-12-16T20:54Z 21.9K followers, [----] engagements
"@BrianInCrypto I'll direct you to my comment here. Buyers and sellers do not get the same price. https://x.com/mcagney/status/2001033153079640132s=20 @burckmeister Let's say the market is $10.00 by $10.02. You enter a market buy I enter a market sell. Citadel buys both orders sells to you at $10.015 and buys from me at $10.005. The net $0.01. If they aren't there that $0.01 goes back to us in the form of a cheaper buy or higher sell. How https://x.com/mcagney/status/2001033153079640132s=20 @burckmeister Let's say the market is $10.00 by $10.02. You enter a market buy I enter a market sell."
X Link 2025-12-16T20:55Z 21.9K followers, [---] engagements
"@robbin_arora The LOB isn't on chain"
X Link 2025-12-16T20:55Z 21.9K followers, [--] engagements
"@DeadFishCapital Toxic flow is an entirely different thing. The reason Citadel pays for flow is here: And yes I know what market makers do. Very well. https://x.com/mcagney/status/2001033153079640132s=20 @burckmeister Let's say the market is $10.00 by $10.02. You enter a market buy I enter a market sell. Citadel buys both orders sells to you at $10.015 and buys from me at $10.005. The net $0.01. If they aren't there that $0.01 goes back to us in the form of a cheaper buy or higher sell. How https://x.com/mcagney/status/2001033153079640132s=20 @burckmeister Let's say the market is $10.00 by"
X Link 2025-12-16T21:04Z 22K followers, [--] engagements
"@NervaYield True - and getting rid of DTCC the centralized exchanges prime brokerage - even the introducing broker. Those are big changes"
X Link 2025-12-16T21:04Z 22K followers, [--] engagements
"@BondsbondRate Citadel doesn't buy order flow to warehouse risk. These are two entirely separate activities. You will still have market makers doing the latter - they just can't do the former"
X Link 2025-12-16T21:06Z 21.9K followers, [--] engagements
"@0x_RWA @subjectiveviews I think the SEC is all-in on self custody"
X Link 2025-12-16T21:14Z 22K followers, [---] engagements
"@CarlKVogel Well - it's public and immutable when it happens"
X Link 2025-12-16T21:16Z 22K followers, [--] engagements
"@BrianInCrypto @burckmeister Check your math. You are wrong. Citadel is netting $0.01 that would have gone to some combination of the buyer and seller"
X Link 2025-12-16T21:25Z 21.9K followers, [---] engagements
"I'm retweeting because some of you are confusing market making and buying order flow. While related the distinction is that firms buy flow to cross markets internally at a profit. See I'm not saying there's not role for market makers in blockchain-based LOBs. There are though you have to solve for how they manage encumbering bids/offers without tying up capital (not trivial but solved through integrating DeFi). I'm also talking about blockchain-based LOBs not AMMs. Yes - EVM is a problem - for AMMs. If the LOB works the right way there is no advantage to change block ordering as the order"
X Link 2025-12-16T21:32Z 22K followers, [----] engagements
"@mean_field_zane How It's an atomic transaction. Bid/offer are encumbered. It settles as fast as the block is written (but is encumbered real time)"
X Link 2025-12-16T21:34Z 21.9K followers, [--] engagements
"@BrianInCrypto @burckmeister They aren't. And that wasn't the math I asked you to check. In your scenario the buyer pays $10.015 and the seller gets $10.005. Citadel gets $.01. Let's assume the market crossed mid. The buyer pays $10.01 and the seller gets $10.01. Both are better off. Citadel gets $0.00"
X Link 2025-12-16T21:46Z 21.9K followers, [--] engagements
"When the market is $10.00 and $10.02 and you submit a market buy and I submit a market sell what price do you think gets done $10.005 (to sell) and $10.015 (to buy) Nope. While it isn't necessarily evenly split some combination of the buyer and seller is net better $0.01 here than with Citadel buying the flow"
X Link 2025-12-16T22:01Z 21.9K followers, [--] engagements
"So this MEV (maximal extractable value) thing and Solana - it's a real issue. MEV let's you pay to reorder transactions in a block. This can be problematic in certain situations - like an AMM (e.g. pancakebunny among other examples). More broadly it underscores the challenge L1s face. At current TPS ()transacitons-per-second) gas fees aren't enough to support multi-billion dollar token valuations. MEV is one way to capture incremental token fees but that capture comes at the expense of a subset of users. I think the bet L1 token holders have to make is that the technology will evolve to"
X Link 2025-12-17T00:25Z 22.1K followers, 13.7K engagements
"@KyleSamani I am confident the Solana team will solve this. That confidence is why we are doing so much on Solana like native $YLDS and @HastraFi"
X Link 2025-12-17T14:54Z 22.2K followers, [---] engagements
"As the market gets punch-drunk on the idea of tokenizing everything it's worth taking a step back to ask "why tokenize something". Generally when someone pitches me an idea of putting something on blockchain it's because of perceived efficiencies (blockchain is generally not an efficient technology) or tapping a pool of money previously unavailable to them (that doesn't exist). There are three reasons you would put an asset on blockchain. First - transactional efficiencies. @figure - as an example - uses @provenancefdn to reduce the cost of originating aggregating and securitizing loans. Real"
X Link 2025-12-17T18:07Z 22.1K followers, 11.8K engagements
"DTCC won't disintermediate itself - it will be competed away. @figure is issuing equity native to blockchain - no DTCC. The equity will trade on a self custody self settle ATS (LOB with atomic settlement) - with real time netting. Holders can leverage DeFi to finance against or lend out their stock. And the security will be convertible to the NMS version ensuring the same liquidity on the ATS as in the Nasdaq. If you don't think that's the future we disagree"
X Link 2025-12-17T18:12Z 22K followers, [----] engagements
"@Shrimp_a_Whales Cross collateralization is huge. Ask any large player - their prime silo's assets. Try to use BTC to buy public equity or vice versa. Doing it all on chain solves this problem"
X Link 2025-12-17T18:13Z 22K followers, [---] engagements
"@chainyoda @ThomasUhm @masonic_tweets @subjectiveviews I don't think you reconcile. The TA knows what wallet holds the security. If it mints on one L1 it burns on the other. We do this already - for example - moving $YLDS across SUI to Provenance to Solana"
X Link 2025-12-17T18:41Z 22.2K followers, [--] engagements
"Netting is the thing DTCC cites as a blockchain limitation. It came up in the FT panel I did yesterday from Adena (Nasdaq). But it's a false dichotomy. True bilateral blockchain transactions need to be encumbered. But you settle real time not EOD. So you net continuously through the day. A trader with $1M in equity can still trade $1B in volume - and without the collateral they have to put up at DTCC to do so today. The trick here is around market making. They don't have the equity (or want to use it) to fund the bid/offer ladders. We solved this through a "just in time" delivery construct"
X Link 2025-12-17T19:09Z 22.1K followers, [---] engagements
"@ZawadaJacob @Figure I think the buyside will push their companies to do this - but ultimately the blockchain share will be worth more than the Nasdaq share - greater utility better stock loan value. Companies will have a fiduciary responsibility to issue on chain"
X Link 2025-12-17T21:30Z 22K followers, [---] engagements
"If I was running a DAT with a NAV below par Id start sending the crypto in the DAT to shareholders as a non-taxable distribution of capital which should drive the price back up to par. But how do you send a Nasdaq shareholder crypto So what Id really do is a second DAT equity issuance (secondary) native on @provenancefdn and trading on @Figure's ATS - just like Figure is doing with its stock. The second stock would be pari pasu in rights and privileges to the Nasdaq version but a different security. It would also be convertible 1:1 to the Nasdaq security. I would then run a tender for the"
X Link 2025-12-18T22:56Z 22.1K followers, 39.8K engagements
"@MonetSupply Over $600M in blockchain loans traded on @provenancefdn in the last [--] hours. Look at CoinGecko - but I'll paste if for you here"
X Link 2025-12-19T00:22Z 22.1K followers, [----] engagements
"@perahodlr @provenancefdn @solana Working on it"
X Link 2025-12-20T00:06Z 22.1K followers, [---] engagements
"@HeywardIIGeorge @Figure You misunderstand what we are doing. The blockchain shares are voting class shares that can trade in an on-chain LOB"
X Link 2025-12-20T00:07Z 22K followers, [---] engagements
"Had a great time with @MorningsMaria - but it was really early (5:20 a.m.) and dark - I had to turn off the pinball machine because the lights would overwhelm the shoot But fun discussing the first public equity native on chain - and the roadmap for more company's to follow @Figure. I also got to geek out on some macro numbers - finally put those economics degrees (2 of them) to work. Figure Technology announces first blockchain-native IPO on Provenance https://t.co/VjkR60AeZA @MorningsMaria @FoxBusiness Figure Technology announces first blockchain-native IPO on Provenance"
X Link 2025-12-24T19:04Z 22.1K followers, [----] engagements
"@fltmu @chuk_xyz For one yes. We can scale KYC directly. For two it's a bit of a false dichotomy. So much volume on the centralized exchanges (Nasdaq NYSE) is because of high frequency trading and order flow purchase that goes away in a blockchain self custody LOB"
X Link 2025-12-24T19:08Z 22.1K followers, [--] engagements
"@djatlantic @provenancefdn @rwa_io @coinbase They have asked for our GTM which we are overhauling to send this weekend. We have a $HASH holder meeting next Tuesday to announce a related community vote. Irrespective we are going to start moving on listing on other exchanges in January"
X Link 2025-12-26T19:14Z 22.1K followers, [---] engagements
"Working on the TVL representation. The issue is historically loans were asynchronously settled when traded - loans traded on chain but a wire settled the fiat. We are migrating to coin-only settlement and working with the @DefiLlama team on how to best represent this without undermining the credibility of the reporting. https://twitter.com/i/web/status/2005684708341170296 https://twitter.com/i/web/status/2005684708341170296"
X Link 2025-12-29T16:57Z 22.1K followers, [--] engagements
"Streaming links for the @provenancefdn call at [--] a.m. PT / [--] p.m. ET today. https://x.com/i/broadcasts/1OdJrOLANowxX https://www.youtube.com/watchv=J9qGJ-hyu4w https://x.com/i/broadcasts/1OdJrOLANowxX https://www.youtube.com/watchv=J9qGJ-hyu4w"
X Link 2025-12-30T17:16Z 22.1K followers, [----] engagements
"Im in Paris for a week. I need recommendations for a dive-y beer bar a high end wine bar and the best steak frites. Suggestions"
X Link 2025-12-30T20:04Z 22.2K followers, [----] engagements
"@MichaelRosmer How does supply matter if the token generates no value Do I care if there are [--] [---] or a billion tokens if each one pays $0.00"
X Link 2026-01-04T06:24Z 22.3K followers, [---] engagements
"@Anubi_sab re durability - if you have the right tokenomics (balance of yield utility and governance) you will maintain a robust validator network and decentralization. That isn't sufficient but it's necessary to last past the hype"
X Link 2026-01-04T06:27Z 22.1K followers, [---] engagements
"@profr33dom @4B1LL10N41R3 @6days1week @ThePPseedsShow @Hey_ross @ryancohen They won't be second but I'd love to do this"
X Link 2026-01-06T08:31Z 22.2K followers, [--] engagements
"#USDF driving #stablecoin on Provenance Blockchain Foundation #blockchain. Every is talking #cbdc's but #USDF and the USDF Consortium is live now. https://lnkd.in/gFp4rurX https://lnkd.in/gFp4rurX"
X Link 2022-01-26T04:48Z 22.6K followers, [--] engagements
"Excellent piece by Ashley Harris in the American Banker on #stablecoin and how #USDF from the USDF Consortium can solve the problem of fiat on #blockchain. https://lnkd.in/d_VNPrTE https://lnkd.in/d_VNPrTE"
X Link 2022-05-23T15:46Z 22.3K followers, [--] engagements
"@FrankSIII nailed it here. The best #blockchain #stablecoin is #usdf from the USDF Consortium run on Provenance Blockchain Foundation. The OCC Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board should let https://lnkd.in/gbAGEhvv https://lnkd.in/gXGpa5k9 https://lnkd.in/gbAGEhvv https://lnkd.in/gXGpa5k9"
X Link 2022-08-26T18:20Z 22.4K followers, [--] engagements
"Adam Yarnold at Fin3 Technologies Inc. is doing some great stuff on #stablecoin for #banks. Reach out to him to harness #usdf and the USDF Consortium. https://lnkd.in/grabxywh https://lnkd.in/grabxywh"
X Link 2022-09-08T03:56Z 22.4K followers, [--] engagements
"Here is my current thinking on Ionic and the Celsius creditors. We think there is value in Ionics infrastructure. We think with the right leadership there is a business model that serves crypto mining AI and green in a way to create real enterprise value for the business. Core Scientific has demonstrated this path and it is something that could and should be replicated at Ionic. We need this path to value to generate liquidity and ultimately return for creditors. We are going to propose to the board a new CEO and board representation and a quick process to evaluate what Ionic has now and how"
X Link 2024-08-12T04:45Z 22.3K followers, 17.2K engagements
"@VladimirVjel @elveton101 @IonicDigital Wouldn't you have concerns that the board that gave Hut8 the misaligned management contract and removed the liquidity provision wouldn't strike the best deal selling them the assets"
X Link 2024-08-13T19:30Z 22.3K followers, [---] engagements
"@H564859 It's not. An [--] LTV Figure HELOC would be 10% (starting from 8.5% but averaging around 10%)"
X Link 2024-12-11T23:01Z 22.5K followers, [---] engagements
"So we have been able to get @Figure HELOCs - one of the first consumer loans native to public blockchain - onto @coingecko. However @DefiLlama is balking at showing this volume on @provenancefdn. Why Because they claim we don't have enough X followers to support a $13B TVL public chain. This is antithetical to the truth and transparency blockchain stands for. Yes - Figure loans are primarily traded by large institutions and not meme coin traders. But they are on a public blockchain. I'm hoping someone at @DefiLlama reaches out to me to discuss. It would be a shame if you gave up on the"
X Link 2025-09-10T13:15Z 22.5K followers, 59.7K engagements
"Im going to write a multi-part longer form essay on blockchain and the application for RWAs. I was thinking about the parts as follows: 1.) Why public blockchain matters (and why private blockchains dont work). 2.) The three value props of blockchains: transactional efficiency liquidity and financing. 3.) What RWA markets make sense - and what dont - on blockchain. 4.) How to think about the value of L1 blockchains in the RWA space (and generally). Thoughts on this agenda/format I'd use @provenancefdn as a reference given @figure's use and it's dominance in the RWA space but not write this"
X Link 2025-10-23T15:18Z 22.3K followers, [----] engagements
"Excited to be talking about $YLDS on @SuiNetwork $FIGR and more with @martypartymusic and @EmanAbio - this will be a good one https://x.com/i/spaces/1djxXWXrElvJZ https://x.com/i/spaces/1djxXWXrElvJZ"
X Link 2025-10-31T22:00Z 22.5K followers, [----] engagements
"Updated reminder for tomorrow. Talking $YLDS on @SuiNetwork @Figure and more https://x.com/i/spaces/1rmxPvbMXgEGN https://x.com/i/spaces/1rmxPvbMXgEGN"
X Link 2025-11-02T17:49Z 22.5K followers, [----] engagements
"@MoneyLobster @jackmallers @Figure Yes - he can get a Figure HELOC"
X Link 2025-11-24T20:30Z 22.5K followers, [--] engagements
"Citadel makes a lot of money paying for order flow. They pay over $1B a year for flow so you can bet they made a lot more than that (they aren't in the business of losing money). The problem (for Citadel) with a blockchain native equity market is that those markets trade bilaterally with atomic settlement. I put a bid out - you put an offer out. If you lift my offer (say through a market order) that's the price we both get. There is no way to intermediate between buyer and seller as a market maker. That's bad for Citadel. So it's not surprising they don't seem to be fans of putting equity"
X Link 2025-12-13T07:59Z 22.3K followers, 73.5K engagements
"DTCCs primary role is registry which allows them to net transactions. The street has $50B of equity capital at DTCC on any given day. That isn't necessary in an atomically settled limit order book on blockchain. The registry service is trivial - a blockchain TA just tracks the token across wallet addresses. It's less involved - and much cheaper - than what a TA does today. You will still have custodians because the SEC requires that of funds (having a QC). You'll still have market makers. Broker dealers are less relevant because you don't need an introducing broker to attach to the ATS to"
X Link 2025-12-17T18:22Z 22.4K followers, [---] engagements
"@0x_RWA I can't deny that - but I hated wrapped tokens. Maybe I am being too dogmatic but I personally wouldn't take an IOU as collateral"
X Link 2025-12-17T19:05Z 22.3K followers, [---] engagements
"I'd be curious on others take here but I think people conflate anonymity with decentralization. To me decentralization is principled on peer-to-peer transactions without intermediation (pre or post trade for example). Whether the peers are KYC'd isn't a gating condition (e.g. you can have a KYC'd DEX etc.). Thoughts"
X Link 2025-12-30T22:55Z 22.3K followers, [----] engagements
"Crypto tokens have three primary drivers for value: yield utility and governance. Yield what does the token pay you to hold it Yield is derived from gas and other fees on the blockchain. Utility what benefits to I get holding the token Do I pay reduced fees get better loan rates etc. Governance how does the token support decentralization the token foundation and allow for voting relating to yield and utility There is a fourth driver novelty but Im leaving that out as I dont believe in it. So when you think about what a token should be worth things like ecosystem and even TVL dont really"
X Link 2026-01-03T12:27Z 22.3K followers, [----] engagements
"@KoBaKBCH I view this as governance. Transparency and decentralization are paramount to the blockchain value proposition - without them you might as well be using a database"
X Link 2026-01-04T06:22Z 22.3K followers, [---] engagements
"Here's looking to more all time high days ahead Figure Technologies has achieved the most signficant productmarket fit in the RWA sector while building deep institutional liquidity with its marketplace model. One of my core holdings for [----]. Congrats @mcagney on todays fresh all-time highs (disclosure: long) $FIGR https://t.co/J1Exwsl6yw Figure Technologies has achieved the most signficant productmarket fit in the RWA sector while building deep institutional liquidity with its marketplace model. One of my core holdings for [----]. Congrats @mcagney on todays fresh all-time highs (disclosure:"
X Link 2026-01-05T16:03Z 22.3K followers, [----] engagements
"While I'm going to be thrilled when @Figure issues the first public stock native to public blockchain (on @provenancefdn) I'm going to be sad if it happens before @IonicDigital goes public the old fashioned way. I'm proud of the work we did with the community to drive board change and optimistic about what Ionic can become under its new leadership and I hope liquidity is on the near term horizon for creditors. Ionic board - I'm happy to make you the third public company listing on blockchain (second is already spoken for). You know how to reach me"
X Link 2026-01-05T16:18Z 22.4K followers, [----] engagements
"@CoinEdition It's not about DTCC on blockchain. It's about not needing DTCC BECAUSE OF blockchain"
X Link 2026-01-06T14:25Z 22.3K followers, 11.4K engagements
"How is it disingenuous Visa exists because people get their cards or card numbers stolen. Biometric verification solves cards and there are no card numbers. So what fraud is Visa resolving in a blockchain-based ecosystem Granted I'm assuming biometric - not password - wallets with MPC backend. Which happens to be what we use at @figure"
X Link 2026-01-06T14:38Z 22.3K followers, [---] engagements
"@banamlas As I said in a response to this thread - it's not about DTCC on blockchain. It's about not needing DTCC BECAUSE of blockchain"
X Link 2026-01-06T15:12Z 22.3K followers, [----] engagements
"@Patrick_Bush_VE The point of stables - coupled with a biometric MPC wallet - there is (almost) no fraud - no identity to steal no card number to abscond with. The need for Visa and Mastercard - at least in that role - goes away"
X Link 2026-01-06T15:24Z 22.3K followers, [---] engagements
"@0ooouch Or is it a "stay close to your enemy" type of thing"
X Link 2026-01-06T15:38Z 22.3K followers, [---] engagements
"Ok - I think we need to bring Blocky back. So I'm running a poll. My marketing people hate Blocky but I think @Figure needs a face to the name. Thoughts https://www.adsoftheworld.com/campaigns/blocky Bring Blocky Back Retire Blocky for Good https://www.adsoftheworld.com/campaigns/blocky Bring Blocky Back Retire Blocky for Good"
X Link 2026-01-06T16:12Z 22.4K followers, [----] engagements
"Interchange can still exist. The network can charge fees but they go to different parties. Today you have issuing processor issuing bank Visa/MC merchant acquirer and merchant bank. On a blockchain stablecoin rail you could have none of them or keep the issuing bank (who collects the bulk of the interchange but pays the rewards) merchant bank etc. The net is you can get rid of at least SOME of the parties (reducing cost) and settle real time"
X Link 2026-01-06T16:20Z 22.3K followers, [---] engagements
"@onchaineduX Well blockchain eliminates the need for at least part of the interchange cost - Visa/MC - and probably the acquirers as well. It also supports real time payment which is a bigger merchant issue than the interchange expense"
X Link 2026-01-06T16:32Z 22.3K followers, [--] engagements
"My experience thus far is most of the "toe dipping" by tradfi firms is to make sure they don't get blindsided by a blockchain competitor. It's the keep you friends close and enemies closer philosophy. I think very few have the resolve to reinvent themselves to the extent blockchain requires them to. But I hope you are right and I'm wrong"
X Link 2026-01-06T19:32Z 22.3K followers, [---] engagements
"@SanRT1 @Figure I came up with Blocky I wasn't bored and my salary at @Figure is $1 a year (check the filings to confirm). Maybe if they paid me more he'd look a little cooler"
X Link 2026-01-06T19:40Z 22.3K followers, [--] engagements
"How much have they paid in fees since that was announced. If the number ever got big they'd figure out how to do it another way. Right now it's more window dressing. Blockchain is - in its nature - disruptive. I don't think marginal use cases survive. I think the winners embrace the wholesale disruption and build better models. @Figure didn't build a better way to originate a Fannie Mae loan. It build an entirely new mortgage - outside of the Fannie ecosystem and on blockchain. It costs $13K to originate a Fannie Mae mortgage. It costs $1K to do one in Figure's ecosystem - with the same"
X Link 2026-01-06T19:57Z 22.3K followers, [---] engagements
"@aesmonty @Patrick_Bush_VE It will be interesting to see how this plays out. No doubt fraudsters are an enterprising lot but I think it's a much harder paradigm to perpetrate on blockchain"
X Link 2026-01-06T19:58Z 22.3K followers, [--] engagements
"@gumdalf_ @ajbanon No doubt the "halo effect" is real but how substantive those toe dippers are to the long run ecosystem - especially around fees to L1 tokens - is where I'm suspect"
X Link 2026-01-06T20:12Z 22.3K followers, [--] engagements
"@Jvstheman @Figure @provenancefdn I'm confident it scales. I believe we will do to the equity market what we have been successfully doing to the mortgage market. And that market (mortgage) involves plenty of execution custody and compliance"
X Link 2026-01-06T20:22Z 22.4K followers, [----] engagements
"Credit on chain isn't easy and no less regulated. There is a reason @Figure dominates RWAs - if it was easy everyone would be doing loans on chain. Those reasons are why I believe Figure will dominate in equity (and every other market it goes into) as well. @provenance is an important part of this - I think more players will realize this in [----] and start leveraging that L1. https://twitter.com/i/web/status/2008637683086881096 https://twitter.com/i/web/status/2008637683086881096"
X Link 2026-01-06T20:31Z 22.3K followers, [--] engagements
"The key is for @provenancefdn to capture the economic value of using the blockchain via network fees. Gas fees alone won't cut it (for Provenance Blockchain or any L1). For network fees to matter the economic value prop has to be tangible. Fortunately there is so much rent seeking across financial services building disintermediation on Provenance Blockchain could drive massive network fees. https://twitter.com/i/web/status/2008639275731189864 https://twitter.com/i/web/status/2008639275731189864"
X Link 2026-01-06T20:38Z 22.3K followers, [--] engagements
"Visa and MC have together over a $1T market cap. Is it crazy to think the blockchain that disrupts them has a similar value But it won't happen on gas fees alone - it needs to happen through network fees. @provenancefdn is one L1 (which we at @Figure use extensively) that has a tokenomics model that captures network fees. Others will follow. I think what you will see is the greatest migration of public market capitalization from the current guard to the blockchains and dApp builders that will disrupt them. https://twitter.com/i/web/status/2008641728484708463"
X Link 2026-01-06T20:48Z 22.4K followers, [--] engagements
"@Maverickein99 I'm going to use this again - will make sure I credit you"
X Link 2026-01-06T21:00Z 22.3K followers, [--] engagements
"@donlyree My post was about exactly that - there is nothing to cheer about until they start paying fees that are commensurate with the L1s market cap(s)"
X Link 2026-01-06T21:05Z 22.3K followers, [--] engagements
"@flipdazed @adamlawrencium @carlosdomingo @CantonNetwork @provenancefdn Why is @provenancefdn disingenuous Provenance is a public chain. The loans are driving the fastest yielding protocol on Solana @HastraFi. They trade every day on chain. Soon equity will be there as well. Please explain"
X Link 2026-01-08T04:11Z 22.4K followers, [---] engagements
"I went to The Moose which wasn't all that French but fun. And had some great wine at dinner at Chez Fernand Christine. Picked up a killer bottle of La Mission Haut Brion at Les Caves Legrand. Had a great pasta dish and bottle of Tignanello at Pink Momma. And had a horrible experience at Monsieur Bleu (left an unhappy Google review on that one). https://twitter.com/i/web/status/2009116835040645145 https://twitter.com/i/web/status/2009116835040645145"
X Link 2026-01-08T04:15Z 22.3K followers, [--] engagements
"Our argument was actually around the issue that while the loans were on chain the settlement for trading loans was happening asynchronously via wire. We're migrating towards $YLDS for all on-chain transactions and working out a way to validate legacy transactions for accurate TVL. @provenancefdn is public and decentralized. It's loans - which are native not digital twins - power @HastraFi the fastest growing token on Solana. The loans trade every day on chain. And soon equities (native not digital twins). https://twitter.com/i/web/status/2009119436914250199"
X Link 2026-01-08T04:26Z 22.4K followers, [--] engagements
"I'm glad you brought up prime brokers. Prime brokers make money by lending and locating stock for borrow. The latter is the big money maker. Self-custody blockchain means using DeFi to borrow and lend - the latter in a lit limit order book where the stock lender gets 100% of the economics from the borrower vs. the prime broker taking the bulk of the economics. It's just better for the buy side. https://twitter.com/i/web/status/2009121916490264788 https://twitter.com/i/web/status/2009121916490264788"
X Link 2026-01-08T04:36Z 22.4K followers, [--] engagements
"@refibikc On blockchain you can't short what you don't have - so it eliminates the ability to naked short. That's a big gripe from these companies"
X Link 2026-01-08T04:45Z 22.3K followers, [---] engagements
"@hanni_abu @CoinEdition Well natively built on public blockchain at least"
X Link 2026-01-08T04:50Z 22.3K followers, [--] engagements
"This is why value won't come just from gas fees. Problem with gas fees is that in a public chain if gas fees get outsized more validators join and compete them down. For differentiated value L1s need a defensible network fee. Defensible as in a moat. This is challenging as the moat won't be tech (they are open source) so has to be ecosystem. This is the synergy between @Figure and @provenancefdn - Figure has brought infrastructure - like an ATS $YLDS for fiat rails massive tradfi participation - and leveraged Provenance Blockchain's data control processes to build something unique and"
X Link 2026-01-08T04:53Z 22.4K followers, [---] engagements
"@wealth_HZ The only way blockchain works is if the assets are originated on chain. IOUs/Digital Twins/Tokenization doesn't work. Who is going to lend against a fake asset"
X Link 2026-01-08T04:55Z 22.3K followers, [----] engagements
"@RamondDEgreat @provenancefdn has been decentralized for years. It just never participated in the meme coin token rug pull game and because of that doesn't get credit from certain crypto degens"
X Link 2026-01-08T05:05Z 22.3K followers, [--] engagements
"@DepierroChris @_Synthquest @CoinEdition I don't know enough about what they are doing to opine"
X Link 2026-01-08T05:08Z 22.3K followers, [--] engagements
"@curiousgurnoor @CoinEdition I'm not sure what instance a multi-lateral netting would be better than real time atomic netting - give me an example and let me opine"
X Link 2026-01-08T05:10Z 22.3K followers, [--] engagements
"@flipdazed @adamlawrencium @carlosdomingo @CantonNetwork @provenancefdn @HastraFi @RWA_xyz [--]. Yes. @HastraFi - the fastest growing token on Kamino/Solana - is backed by Figure assets. [--]. Yes. There is no off-chain registry. [--]. Yes. Even securities $YLDS for example a registered yielding stable can move p2p"
X Link 2026-01-08T05:13Z 22.5K followers, [---] engagements
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