Exec Director @provenancefdn | Co-Founder @FigureMarkets / @Figure | Previously SoFi Building the premiere L1 for Real Assets w/ Real World Impact
Joined June 2009
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Today we officially announce the launch of @HelloNavra. Our goal is to bring retail and institutional TradFi dollars over to DeFi by delivering better user experience, keyless self custody and enterprise control. The dollars will flow into products like @Figure's Democratized Prime, but also into other DeFi lending, borrowing and trading platforms.
Thank you to @RibbitCapital for leading this oversubscribed round!
I'm still performing my Figure duties as executive chairman and am excited about the synergies between the two companies. Figure joins @jump_ as first strategic partners.
axios.com/pro/fintech-deals/…
june ou retweeted
We're excited to announce Navra's successful Series A, led by @RibbitCapital
Thank you to our investors Jump , DCM, DST Global Partners, Faction, Baseline Ventures, DA, Distributed Global, Blockchange, RPM Ventures, Morgan Creek Digital, Figure and others who believe in what we're building. 🧵
june ou retweeted
🚨Big news in the RWA ecosystem!
Congrats to @Figure on launching the new RWA Consortium, bringing together leading Solana and crypto partners to expand institutional-grade, onchain credit markets for DeFi users.
1/ Simple staking.
Real-world yield.
Supercharged by DeFi.
Introducing PRIME, backed by leading brands across @solana.
june ou retweeted
Today, we’re announcing the RWA Consortium, led by Figure and key crypto partners, to bring real-world yield to @Solana.
We’re setting a new standard for cross-chain RWA collaboration.
This marks the first time Figure’s $1B+/month in on-chain loan originations becomes accessible to everyday DeFi users on Solana.
1/ Simple staking.
Real-world yield.
Supercharged by DeFi.
Introducing PRIME, backed by leading brands across @solana.
june ou retweeted
Our CMO (@therealmiso2049) is live on Chain Reactions w/ @myosin_xyz 🎙
Talking through digitizing finance, democratizing access to onchain capital, and more 👇
june ou retweeted
Big news: $YLDS is coming to Solana 🚨
We are proud to be working with @Figure to bring access to their RWA yield products to the entire Solana ecosystem, with Provenance remaining as the backbone for Figure's assets.
We’re starting with their securitized stablecoin: $YLDS.
Together, we’re delivering compliant, real-world assets that move at the speed of DeFi.
june ou retweeted
@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: investors.figure.com/news-re…
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.
june ou retweeted
Another step forward for DeFi. We’re teaming up with @SuiNetwork to bring the first SEC-registered stablecoin, YLDS, natively to Sui.
As part of this, @DeepBookonSui's new margin system will integrate YLDS to transform idle USDC into yield-bearing assets.
june ou retweeted
Yield shouldn't stop at one chain.
YLDS, built on Provenance, is now issued natively on @SuiNetwork.
More access. More utility. More liquidity, bringing us one step closer to a world where real-world assets move freely for everyone.
The future is interoperable 🔗
Another step forward for DeFi. We’re teaming up with @SuiNetwork to bring the first SEC-registered stablecoin, YLDS, natively to Sui.
As part of this, @DeepBookonSui's new margin system will integrate YLDS to transform idle USDC into yield-bearing assets.
june ou retweeted
Excited to be minting $YLDS on @SuiNetwork! This is the beginning of moving @Figure assets to other L1s to support DeFi, fiat rails and more while continuing to leverage @provenancefdn - in this case as the TA ledger for the security. More to come!
figure.com/newsroom/announce…
june ou retweeted
A Q3 Report from InvestaX shows that Provenance Blockchain is the leading chain in tokenized real world asset value, with dominance in the largest onchain market → private credit.
Our rails aren’t being built, they are already trusted and enterprise-grade.
source: @investax
june ou retweeted
Super excited to have been on @MorningsMaria this morning talking about @Figure, @FigureMarkets and blockchain. Thank you for having me @MariaBartiromo.
foxbusiness.com/video/637949…
june ou retweeted
Figure just went public and wants to modernize Wall Street.
I sat down with founder @mcagney to discuss how they are disrupting legacy finance infrastructure, where crypto is most disruptive to banks, how DeFi will gain mainstream adoption, what his thoughts on bitcoin are, and the current stablecoin landscape.
$FIGR @Figure
Enjoy!
YouTube: youtube.com/watch?v=n9DB2xap…
Spotify: open.spotify.com/episode/6Mo…
Apple: podcasts.apple.com/us/podcas…
TIMESTAMPS:
0:00 - Intro
1:17 - Taking Figure public and why it’s good for business
4:58 - Opportunities to improve financial infrastructure
17:32 - Why it’s the “golden moment" for DeFi
18:52 - Are regional banks in trouble?
20:51 - Launching a stable coin and GENIUS Act
25:45 - The regulatory shift and now having political support
29:48 - Partnerships and consolidation in the industry
38:33 - Figure is modernizing financial infrastructure
39:01 - Bitcoin backed loans and how it works
43:20 - Advice for entrepreneurs
45:14 - Figure's plan for the future
june ou retweeted
I am late in posting this but still wanted throw a huge shoutout to my friend and maverick entrepreneur @mcagney on his 2nd bumper Fintech IPO through @Figure !! Me and @jump_ were lucky to ride this wave with him, @juneou , Michael Tannenbaum and rest of @Figure team. Mike is a man of unlimited ideas and he somehow manages to see through many of them - look forward to keep working with him to re-build traditional finance rails through blockchain infrastructure.
june ou retweeted
Now tracking @provenancefdn
Provenance is a Cosmos-based proof-of-stake blockchain designed for financial services, enabling tokenization, lending, and real-world asset management through permissioned smart contracts and IBC-enabled interoperability
june ou retweeted
Cool seeing institutions lean in to deploy cash reserves in DeFi. Solutions like @FigureMarkets Democratized Prime - are going to be necessary to support capital markets as the GENIUS act-fueled bank liability (deposit) flight takes hold. housingwire.com/articles/syn…
june ou retweeted
We’ve moved billions in real-world assets.
Now, we’re moving the boundaries of who gets to access them.
Time to become your own bank.
Meet the new Provenance: provenance.io🌐
june ou retweeted
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 and bringing the best decentralized products to market through both.