51 Insights – What Matters in Digital Assets The $400 trillion tokenization migration, with Carlos Domingo, CEO Securitize
Hi, it’s Marc. ✌️
“The $400 trillion market is any asset that is recorded on an antiquated ledger... If we go to $2 trillion in the next five or 10 years, that would be a very good outcome for everybody.”
That’s Carlos Domingo, CEO and co-founder of tokenization pioneer Securitize.
And he clears up a big myth:
“Tokenization makes the asset easier to trade... But that doesn’t necessarily make it liquid unless the asset is liquid itself because the liquidity is intrinsic to the asset.”
In this episode, we sit down with Carlos to understand how tokenisation moves from a buzzword to reality.
Carlos explains why 2025 is an inflection point for tokenization. He breaks down why Securitize is going public via a SPAC at a ~$2B valuation , and why the “liquidity myth” of tokenizing real estate is a trap.
We also cover the critical shift from stablecoins to tokenized treasuries, the entry of BlackRock, and the inevitable future where your Tesla shares aren’t just entries in a DTCC database, but liquid collateral in your digital wallet
About Carlos: Carlos Domingo is the Co-founder and CEO of Securitize, the leading compliance platform for tokenizing digital securities. He founded the company in 2017 when the space was pure speculation. He has led Securitize to become the transfer agent of choice for giants like BlackRock and KKR. Before Securitize, he worked at Fortune 500 companies and was co-founder and managing partner at SPiCE Fund.
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🎧 Jump to the best parts
* (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.
Important Links
* LinkedIn: https://www.linkedin.com/in/carlosdomingo/
* X: https://x.com/carlosdomingo
* Instagram: https://www.instagram.com/carlosdomingo/
* Medium: https://medium.com/@carlosdomingo
* Securitize: https://securitize.io/
* BlackRock BUIDL Fund: https://securitize.io/buidl
🎙️ In our conversation, we discussed:
* The “big bang” moment for tokenized assets: Why 2025 might be the tipping point as BlackRock, JPMorgan, and Citi scale tokenized funds and treasuries.
* Why Stablecoins were the Trojan Horse: How the $300B stablecoin market proved the tech works, paving the way for yield-bearing instruments like Treasuries.
* The “infrastructure war”: Why banks are building private chains due to regulation, not utility, and why open innovation always wins.
* Tokenized equities: The roadmap to taking shares of companies like Tesla or Apple out of the centralized depository and into your digital wallet.
* The “service provider” alpha: Why investing in the picks and shovels (transfer agents, compliance layers) is the safest bet on the tokenization megatrend.
Watch or listen now:YouTube • Apple Podcasts
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My biggest takeaways from this conversation & who to bet on:
1. Private blockchains are the “Intranets” of finance (and they will die)