FIRST MOVER: Crypto Is 'Waking Up' to Real World Assets: Securitize CEO
Apr 5, 2024
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Securitize CEO, Carlos Domingo, discusses BlackRock's launch of a tokenized asset fund on Ethereum network. They explore real-world assets in crypto, BlackRock's investment in Securitize, and regulatory challenges in the industry.
Securitize CEO emphasizes the efficiency of tokenizing real assets for improved ownership representation and global tradability.
Partnership between Securitize and BlackRock signifies a shift towards tokenizing real world assets, integrating traditional finance with blockchain technology.
Deep dives
Tokenization of Real World Assets in Traditional Finance
The podcast discusses the recent partnership between Securitize and BlackRock, which resulted in the creation of the BlackRock USD Institutional Digital Liquidity Fund (BIDL). BIDL is a tokenized money market fund that invests in US Treasury bills, repurchase agreements, and cash using the Ethereum blockchain. This innovative approach signifies a shift towards tokenizing real assets and integrating traditional finance with blockchain technology, highlighting the potential for increased efficiency and liquidity in the market.
Benefits and Use Cases of Tokenizing Real World Assets
Securitize CEO Carlos Stomingo highlights the advantages of tokenizing real world assets, emphasizing improved efficiency in ownership representation and asset movement. By bringing assets on-chain, they become more tradable globally. The podcast explores various use cases for tokenized real world assets, including cash management, derivative product development, and collateral for trading, showcasing the versatility and potential impact of this innovative approach.
Regulatory Engagement and Future Outlook in Tokenizing Real World Assets
The conversation delves into the regulatory landscape surrounding tokenization of real world assets, with Securitize engaging with regulators to ensure compliance and legality. The podcast highlights regulators' evolving understanding of blockchain technology and the challenges related to infrastructure and key security issues. Looking ahead, Carlos Stomingo predicts significant growth in the tokenization of real world assets, aiming for the industry to reach a trillion-dollar market cap, transforming traditional capital markets infrastructure.
Securitize founder and CEO Carlos Domingo discusses BlackRock's launch of its tokenized asset fund on the Ethereum network.
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Asset management giant BlackRock (BLK) partnered with Securitize to launch its tokenized asset fund on the Ethereum network. Securitize founder and CEO Carlos Domingo joins "First Mover" with insights on the partnership and evolution of real-world assets in the crypto space.
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This episode was hosted by Jennifer Sanasie. “First Mover” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.