The Largest Securities Exchange in the World is Coming Onchain | Michael Blaugrund of NYSE and Carlos Domingo of Securitize
April 7, 2026
AI Summary
5 min read🎙️ The Voices & The Context
- The Format: This is a deep-dive, casual-yet-technical interview. The hosts (Ryan and David from Bankless) act as curious crypto natives, while the guests are the experts explaining a major new partnership.
- The Key Players:
- Carlos Domingo (Securitize): CEO of a leading tokenization platform. He's the "digital transfer agent" expert, bridging crypto and regulated finance.
- Michael Blaugrund (NYSE): A senior executive from the New York Stock Exchange. He represents the "TradFi" establishment, explaining why the 230-year-old institution is building a new, parallel on-chain trading venue.
- The Vibe: Educational and optimistic. The conversation is filled with "aha" moments as the hosts unpack complex concepts. There's a palpable sense of a historic shift happening, with both guests and hosts sharing a genuine excitement about the future.
🗝️ Key Themes & Topics
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What you'll learn
- 1 (00:00) **🎙️ Introduction: Carlos Domingo (Securitize) & Michael Blaugrund (NYSE)**
- 2 (01:06) **What is a Digital Transfer Agent?**
- 3 (06:46) **Native Securities vs. Derivatives**
- 4 (08:37) **Which Blockchains and Issuer Choice**
- 5 (11:12) **The NYSE Affiliated Tokenized Securities Platform (ATS)**
- 6 (15:10) **How the ATS Aggregates Tokens**
- 7 (16:39) **Timeline for All Stocks Being On-Chain**
+ Full timestamped outline available in the app
Show Notes
NYSE and Securitize are laying the rails to bring real, issuer-backed securities onchain.
Michael Blaugrund of NYSE and Carlos Domingo of Securitize break down how blockchain-native equities could work in practice: transfer agents, tokenized issuance, interoperable trading infrastructure, 24/7 markets, and what it will take for public stocks to move from legacy rails to crypto rails. T
They also explore how onchain equities could unlock faster settlement, better shareholder utility, and new DeFi use cases without sacrificing regulatory compliance.
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TIMESTAMPS
0:00 Intro
0:52 NYSE x Securitize Partnership
4:57 Digital Transfer Agent
8:39 Blockchain Infrastructure
11:07 NYSE Alternative Trading System
17:01 Every NYSE Asset?
22:30 Portability & KYC
33:38 RWA Decentralization Debate
38:47 New NYSE Paradigm
44:46 24/7 365 Markets
48:03 Clarity Act
52:21 Issuer Choice
57:08 Tokenized Securities vs Perpetuals
1:00:24 Securitize Going Public
1:03:20 When Launch
1:04:04 Closing & Disclaimers
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RESOURCES
Carlos Domingo
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