Talking Tokenization: Why Every Internet Company Must Tokenize in 2026 | Yat Siu

Dec 23, 2025

Yat Siu, Co-founder and chairman of Animoca Brands, is a key player in the web3 landscape. He shares insights on why he believes altcoins will soon surpass Bitcoin, and how tokenization will revolutionize global markets by 2026. Yat discusses the emergence of utility tokens from memecoin culture, and the need for regulatory clarity to unlock mass tokenization. He delves into Animoca's public plans, the complexities of gaming and crypto performance, and why Gen Z views trading as a form of entertainment. He wraps up with advice for navigating crypto volatility.

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INSIGHT

Altcoins Drive Onboarding And Utility

Altcoins are the primary growth engine because real product usage happens on tokens beyond Bitcoin.
Yat Siu argues Bitcoin is a store of value while altcoins drive onboarding and utility.

INSIGHT

Clarity Will Unlock Tokenization

Regulatory clarity ("clarity") will unlock mass tokenization and let projects discuss token utility legally.
Yat expects U.S. legal certainty to set a global example and accelerate token launches.

INSIGHT

Meme Coins Will Evolve Toward Utility

Meme coins emerged as regulatory arbitrage but will be absorbed into utility narratives as legal clarity arrives.
Projects will increasingly reframe tokens with real utility instead of pure speculation.

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In this episode of Talking Tokenization, Jacquelyn Melinek sits down with Yat Siu, Co-Founder and Chairman of Animoca Brands, to discuss why he believes altcoins will outperform bitcoin, how tokenization will reshape global markets, and why Animoca is preparing to go public through a reverse merger.

Yat explains why he thinks utility tokens are entering a new era, how regulatory clarity will unlock mass tokenization, and why memecoins emerged from regulatory arbitrage. He also breaks down Animoca’s strategy as one of the largest investors in web3, the logic behind owning liquid tokens, why gaming hasn’t yet translated to token performance, and how investor relations is forming in crypto.

The conversation also explores DAOs, consolidation of crypto IPOs, his experience on the ground with institutions in the US, Europe and Asia, and why Gen Z treats trading as entertainment. Yat closes with long-term market outlooks for 2026 and personal advice for surviving the volatility of crypto.This episode is sponsored by Securitize, the proven leader in tokenized funds, equities, and private markets. Discover more at securitize.io.

Timestamps(00:00) – Intro

(00:53) – Yat on market evolution across 620 portfolio companies

(01:40) – Institutional era of crypto and why Animoca is preparing to go public

(02:58) – Bitcoin’s macro correlation and institutional support

(03:53) – Regulatory clarity in 2026 and the coming tokenization wave

(04:33) – Utility tokens absorbing memecoin culture and why the memecoin era is ending

(07:19) – Why Animoca now buys undervalued liquid tokens over early-stage deals

(08:54) – Real revenue from small gaming projects & token utility reconnecting value

(10:22) – How funds now evaluate tokens beyond momentum trading

(13:10) – Good products ≠ good tokens: investor relations challenges

(16:01) – DAOs aren’t built to run like public companies — consolidation ahead

(18:36) – Liquidation risks, Bitcoin DAOs, and tokenized asset buyouts

(20:00) – Every major token needing a DAO or ETP for institutional access

(24:02) – Animoca’s reverse merger and improving public investor access

(27:07) – Altcoins as crypto’s growth engine and unlocking real utility

(29:03) – Crypto today = early internet: funds miss upside

(31:00) – Ethereum, Solana, and the value they don’t capture

(33:47) – Making private web3 exposure available to public investors

(37:00) – Regional institutional demand: US vs Europe vs Asia

(42:05) – Trump, volatility, and shifting capital pools in tokens and prediction markets

(45:14) – Finance as entertainment: Gen Z’s gamified investing mindset

(46:42) – 2026 outlook: political stability and institutional flows

(51:01) – Yat’s long-game advice: don’t overleverage, know your edge

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