Should Tokenized Stock Only Come From Issuers? Yes, Says Carlos Domingo
Show notes
Wall Street's transfer agents want issuers, not outside platforms, to control tokenized stock. Securitize's CEO says the alternative invites insider trading. ======================================================== Thank you to our sponsor! Cape: Your biggest crypto vulnerability isn't your wallet, it's your phone number. Cape is America's privacy-first mobile carrier that rotates your SIM identity daily and blocks SIM swaps before they happen. Get 33% off your first six months at cape.co/unchained (use code: UNCHAINED). ======================================================== Securitize took itself public twice this year: once through a direct listing, and once by tokenizing more than $265 million of its own stock via a SPAC with Cantor Equity Partners, testing whether Wall Street lets equities trade onchain. Carlos Domingo, founder and CEO of Securitize, joins Laura Shin to argue that much of crypto's tokenized stock boom is unauthorized, offshore paper exposing investors and issuers to real legal risk, and to make the case that transfer agents, not outside platforms, should control what gets tokenized. They cover Rule 611, the SEC rule locking onchain and offchain share prices together, the Securities Transfer Association's push for issuer authorization, and a Netflix stock split that left an unauthorized derivative trading five times off. Domingo also lays out Securitize's NYSE partnership, launching tokenized trading in the fourth quarter. The SEC is now weighing whether to unwind the rule that keeps those prices identical, with real stakes for how equities trade next. Host: Laura Shin, Host / Unchained Guests: Carlos Domingo - Founder and CEO of Securitize Timestamps 🏛️ 01:09 Why Domingo took Securitize public after Circle's IPO opened the door 💹 04:12 Securitize's SPAC: tokenizing over $265M in stock with Cantor Equity Partners 📣 10:10 Cape: Get 33% off your first six months with code unchained at https://cape.co/unchained 🔗 10:24 Why Securitize tokenized SECZ on Solana for trading, Avalanche for lockup 📜 14:51 DTCC entitlement vs onchain shares: what you actually own on Robinhood ⚠️ 16:46 Why owning tokenized versus traditional shares carries real risk ⚖️ 20:53 Why Rule 611 keeps onchain and offchain share prices identical 🧩 28:37 The three models of tokenized equity, and who should authorize them 🚨 34:47 Tom Farley's insider trading warning about unauthorized stock derivatives 🏦 40:10 Why institutions still fear crypto after Celsius, BlockFi, and FTX 🗽 44:02 Inside Securitize's tokenized trading partnership with the NYSE 🪙 50:01 Why Domingo calls Robinhood a partner, not a competitor Learn more about your ad choices. Visit megaphone.fm/adchoices
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