With Figure in the news this week completing their first securitization using blockchain we thought it would be interesting to revisit CEO Mike Cagney’s keynote from LendIt Fintech USA 2019; he goes through a detailed explanation of how he intended to complete a securitization using their Provenance blockchain technology; from origination to receiving payments to trading, financing and securitizing loans he lays out how this process will work; the value proposition is a savings of 150-200 bps over a traditional securitization; he also describes how the tokenization will work with their Hash token. Register Here
