Why Only Issuers Should Be Able to Tokenize Stock, Says Carlos Domingo

Summary

Carlos Domingo, CEO of Securitize, discusses the company's dual path to going public via a traditional NYSE listing and tokenizing its own stock (SECZ) onchain. He argues for issuer-sponsored tokenization over unauthorized offshore derivatives, highlighting the regulatory and reputational risks of the latter. The conversation also covers the SEC's potential repeal of Rule 611, the choice of Solana and Avalanche for tokenization, and Securitize's upcoming Q4 trading launch with the NYSE.

• Securitize went public via a traditional listing and tokenized $265M of its equity onchain.
• Carlos Domingo advocates for issuer-sponsored tokenization to ensure regulatory compliance and protect corporate reputations.
• Unauthorized offshore tokenized derivatives pose significant legal and counterparty risks to investors.
• The SEC is considering repealing Rule 611, which could allow onchain equities to trade independently of offchain national best bid and offer (NBBO) prices.
• Securitize chose Avalanche for its deterministic settlement and Solana for its trading infrastructure.
• Securitize is partnering with the NYSE to launch a digital ATS for tokenized securities in Q4.
• Securitize plans to use its $400M balance sheet for strategic acquisitions in fund administration and international expansion.