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HomePeer to Peer LendingFintech Nexus Publication (March 18, 2024): Determine launches a blockchain-native "alternate for...

Fintech Nexus Publication (March 18, 2024): Determine launches a blockchain-native “alternate for all the things”


Once I first chatted with Mike Cagney again in 2011, when he was CEO of SoFi, it was clear he had massive targets.

His second act in fintech, Determine, shortly grew to become a frontrunner in dwelling fairness lending with all loans originated and processed by way of blockchain know-how. However Determine was by no means nearly lending. The corporate had expanded into capital markets, funds and exchanges.

At present, the corporate introduced a $60 million funding spherical for the launch of Determine Markets, a brand new decentralized crypto alternate. This would be the first step towards the objective of constructing an alternate for all the things.

In a LinkedIn publish in the present day, Cagney shared extra of the small print. Determine Markets shall be spun out of Determine and Determine shall be rebranded to Determine Know-how Options. Cagney shall be CEO of each firms.

A part of the explanation for this launch is that every one the foremost crypto exchanges are totally centralized and Cagney thinks is time for a decentralized method. Whereas they’re beginning with crypto Cagney envisions an alternate for a lot of asset lessons together with public equities and asset-backed securities.

One factor I’ve realized over time is that, whereas Cagney typically talks a giant recreation, he has the experience and drive to make these massive concepts a actuality.


> Determine raises $60m for Determine Markets blockchain alternate, lending

By Ledger Insights

Determine will launch Determine Markets as a crypto alternate in April, with securities and bonds to comply with. It raised $60m in backing.


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  • Peter RentonPeter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media firm centered on fintech. Peter has been writing about fintech since 2010 and he’s the writer and creator of the Fintech One-on-One Podcast, the primary and longest-running fintech interview collection.



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