The Best Risk-Adjusted Yield in Crypto Right Now w/ Nic Santomauro, Figure Markets

Can blockchain revolutionize a $1.6 trillion market—and no one’s talking about it? In this episode, Jay sits down with Nick Santomauro, CMO at Figure Markets and former Global Growth Director at Binance, to unpack how tokenized private credit could quietly reshape the financial system.Nick explains how Figure has already put over $12 billion worth of home equity loans on-chain, and why that could be just the beginning. They dive into the impact of the Genius Act, the $6.6 trillion threat to traditional banks, and how retail investors can now access yields that were once reserved for institutions.If you've been waiting for a real-world crypto use case, this is it.In this episode you’ll learn:- What tokenized private credit is, and why it matters- How Figure Markets has quietly become a leader in real-world asset tokenization- Why the Genius Act could trigger a massive capital shift out of the banking system- How DeFi is positioned to absorb that shift and offer new yield opportunities- What “Democratized Prime” is and how retail investors can access ~9% yield- The difference between traditional HELOCs and on-chain home equity loans- Why decentralized custody is crucial post-FTX- Nick’s perspective on where crypto is headed over the next 6–12 months- The growing opportunity in tokenized debt vs tokenized equities