Figure Co-Founder Mike Cagney Launches New Project The Wallet Co, Combining Self-Custody with AI Agents

August 20 news, Mike Cagney, co-founder of SoFi and Figure, announced on platform X that he has launched a new project, The Wallet Co, a mobile application that combines the ease of use of modern fintech with self-custody and blockchain-native products, with the initial team to be announced soon. The Wallet Co is positioned as a consumer layer, offering spendable yield cash, RWA yields, securities prediction markets, and an AI agent within each wallet. Cagney is hiring for operations and compliance lead roles, requiring candidates with hands-on experience in KYC/AML, state licensing, audits, payments, and fund flows, with the ultimate goal of delegating repetitive tasks to AI agents while retaining human judgment for decisions that truly require it.