Exploring how tokenization is reshaping ownership and financial infrastructure

In this episode, we discuss an important, and yet misunderstood idea at the intersection of technology and finance: tokenization.

While much of the conversation around digital assets has focused on cryptocurrency, tokenization is fundamentally about the evolution of ownership and the evolution of financial infrastructure. To unpack these questions, Laura Baker, Associate Client Portfolio Manager, is joined by Sébastien Davies, Partner at Primal Capital, focused on early-stage financial and digital asset infrastructure. Drawing on his background in institutional capital markets and digital asset platforms, Sébastien discusses how tokenization is moving from experimentation toward real-world adoption, and what that could mean for investors, institutions, and the future of markets.

02:50
What tokenization is and why it’s often misunderstood in the context of crypto.
05:50
Cybersecurity and information security risks when looking at tokenization.
10:05
Why now? Technology, regulation, and market structure enabling real-world adoption.
12:00
Institutional interest: How traditional finance is approaching tokenized assets.
17:00
Benefits of tokenization.
26:30
Challenges and constraints: Regulatory uncertainty, infrastructure gaps, and adoption hurdles.
30:10
Tokenization vs. traditional systems
40:20
How can tokenization making illiquid assets more liquid?
44:30
The long-term vision: How tokenization could reshape capital markets and ownership models.