FICC Focus All Options Considered: Bloomberg Volatility Forum NYC 2025, Part II
Nov 6, 2025
Guest
Jeff Blazek
Guest
Matthew Glazier
Guest
Bob Elliott
Guest
Nancy Davis
Guest
Randy Little
Guest
Stacy-Marie Ishmael
Join Stacy-Marie Ishmael, executive editor at Bloomberg News, as she leads a thought-provoking discussion with crypto experts Randy Little and macro strategists Nancy Davis, Bob Elliott, Matthew Glazier, and Jeff Blazek. They tackle the ins and outs of tokenization and stablecoins, examine AI's impact on jobs and the economy, and explore how to navigate the volatile digital asset landscape. From ETFs and gold's market dynamics to tactical use of options, this conversation is packed with insights for navigating today’s complex financial world.
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Transcript
Episode notes
Tokenization's Practical Benefits And Limits
- Tokenization can fractionalize, settle instantly, and trade globally by representing assets digitally.
- Early tokenization uses SPVs and stablecoins, but native on-chain issuance promises deeper change.
Early Tokenization Found Its Footing
- Tokenized treasuries and money-market assets found early product-market fit via stablecoins and tokenized funds.
- Many current tokenized offerings still rely on centralized legal structures and limited trading hours.
Why Crypto Is So Volatile
- Crypto's volatility stems from early-stage tokens, retail-driven leverage, and liquidation cascades.
- Institutional flows and ETFs should gradually mute retail-driven swings over time.