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The $400 trillion tokenization migration, with Carlos Domingo, CEO Securitize
Carlos Domingo, Securitize CEO and co-founder, at publication
Carlos Domingo explains how he thinks about the market for tokenization and the work of moving financial assets onto new infrastructure. The discussion includes Securitize's origins, tokenized Treasuries and the participation of established asset managers. A central distinction is between making an asset easier to transfer and creating demand or liquidity for it. The guest's market estimates and company plans remain dated views from the December 2025 conversation.
In this conversation
- Tokenization infrastructure
- Asset transferability and liquidity
- Institutional participation
Listen on the original episode page →
Watch the conversation on YouTube →
Chapters
- 00:25 — The $400T opportunity: Why tokenization isn’t a threat to traditional finance, it’s an upgrade to it. And why $2-10T in real tokenized assets over the next 10 years is the realistic target.
- 04:39 — Why Carlos started Securitize in 2017: The founding story, watching shares take weeks to transfer, getting inspired by ICOs, and realizing institutions needed the same efficiency.
- 08:57 — The BlackRock moment: Why the largest asset manager in the world launching a tokenized product wasn’t just a win for Securitize, it was the moment the entire industry’s eyes opened.
- 18:39 — The public vs. private blockchain war: Why private blockchains (like JP Morgan’s) will lose to open ecosystems, using the same logic that killed AOL and won the internet for everyone.
- 23:36 — Tokenizing public equities: Why shares trapped in DTCC databases need to be freed onto blockchains, and why the first big marquee company to do it unlocks everything.
- 31:15 — How to profit from tokenisation: Three buckets - infrastructure tokens, service providers like Securitize, and enterprise exposure. Why betting on all three matters, and why buying the asset is better than buying the company.