Negative Rates, Nexon Buys Bitcoin and ETH

Get your weekend macro fix with Blockworks’ own Mike Ippolito and Tyler Neville.

May 3, 2021 09:50 am

In the weekly roundup episode of Blockworks’ podcast “On the Margin,” Michael Ippolito, co-founder, sits down with Senior Editor Tyler Neville to talk about the news in macro, including: rates on one-month issued US treasuries turning negative, Japanese gaming company Nexon buying $100 million in Bitcoin, ETH‘s run, and Germany embracing crypto.

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“On the Margin” is a two-part show. Once a week, Mike interviews industry experts, and then at the end of the week he is joined by co-host Tyler Neville where they break down the top crypto and macro stories. Episodes go live every Wednesday and Saturday morning.

Subscribe to “On the Margin” today on Apple or Spotify, or watch the episode on YouTube.

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Tokenize, Trade, Expand: The Figure Thesis

Figure, founded by former SoFi CEO Mike Cagney, has emerged as a leader in onchain RWAs, with ~$17.5B publicly tokenized. The platform’s ecosystem volume is growing ~40% YoY as it expands beyond HELOCs into student loans, DSCR loans, unsecured loans, bankruptcy claims, and more. Operationally, Figure cuts average loan production cost by ~93% and compresses median funding time from ~42 days to ~10, creating a durable speed-and-cost advantage.

by Marc-Thomas Arjoon, CFA