# The Largest Securities Exchange in the World is Coming Onchain | Michael Blaugrund of NYSE and Carlos Domingo of Securitize Page: https://stenobird.com/podcast/bankless-357756/the-largest-securities-exchange-in-the-world-is-coming-onchain-michael-blaugrund-of-nyse-and-carlos-domingo-of-securitize Text version: https://stenobird.com/podcast/bankless-357756/the-largest-securities-exchange-in-the-world-is-coming-onchain-michael-blaugrund-of-nyse-and-carlos-domingo-of-securitize.md Podcast: [Bankless](https://stenobird.com/podcast/bankless-357756) Published: 2026-04-07T11:43:00+00:00 Episode link: https://episode.flightcast.com/01KNKTKQ1416X6VJHYN30XN6G6.mp3 Audio file: https://episode.flightcast.com/01KNKTKQ1416X6VJHYN30XN6G6.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/bankless-357756/episodes/the-largest-securities-exchange-in-the-world-is-coming-onchain-michael-blaugrund-of-nyse-and-carlos-domingo-of-securitize Duration seconds: 3886 ## Resource 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. ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium ------ 🔮POLYMARKET | #1 PREDICTION MARKET https://bankless.cc/polymarket-podcast 🪐GALAXYONE | SOLANA STAKING https://bankless.cc/GalaxyOne 🦊 METAMASK | DOWNLOAD NOW https://go.metamask.io/BL-Pod-Download 🏅BITGET TRADFI | TRADE GOLD WITH USDT https://bankless.cc/bitget 🎯THE DEFI REPORT | ONCHAIN INSIGHTS https://thedefireport.io/bankless 🐇MEGAETH | 1ST REAL-TIME BLOCKCHAIN https://bankless.cc/megaeth ------ 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 ------ RESOURCES Carlos Domingo https://x.com/carlosdomingo Michael Blaugrund https://x.com/mblaugrund Securitize https://securitize.io/ RWA Decentralization Debate https://www.youtube.com/watch?v=m-h-PeUOvDw ------ Not financial or tax advice. See our investment disclosures here: https://www.bankle… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/bankless-357756/episodes/the-largest-securities-exchange-in-the-world-is-coming-onchain-michael-blaugrund-of-nyse-and-carlos-domingo-of-securitize/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/bankless-357756/the-largest-securities-exchange-in-the-world-is-coming-onchain-michael-blaugrund-of-nyse-and-carlos-domingo-of-securitize.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.