Bitcoin Was Recovering. Then Wall Street's AI Problem Hit. | Carlos Domingo

Carlos Domingo argued that tokenized stocks are moving from theory to implementation, and that the U.S. regulatory shift is making the first compliant models viable. He laid out three structures: actual shares recorded on chain, custodial tokenized entitlements backed by real shares, and synthetic products that he said are not the same security and generally do not fit the new U.S. framework. In his view, the innovation exemption is important because it gives venues room to launch tokenized trading without a full exchange license, while still keeping the model inside U.S. securities rules.

Domingo said Securitize is positioned as the default infrastructure partner for compliant tokenization, including the OKX/ICE venue and other regulated platforms. He expects more issuers to stop opting out once they understand the benefits: more investors, more liquidity, 24/7 trading, and better holder engagement. He also said the market structure will likely remain multi-chain, with Solana attractive for speed and fees and Ethereum for other properties, while users increasingly trade through interfaces that hide the underlying chain.

Beyond equities, Domingo was especially bullish on stablecoins and yield-bearing tokenized assets. He said the long-term opportunity is to make idle cash productive on-chain, then pair programmable dollars with programmable assets and AI agents. He framed Bitcoin as orthogonal to that system: a reserve asset rather than the core plumbing of tokenized finance.