Summary

• Financial market infrastructure is often invisible to investors, yet it powers every trade, settlement, and ownership record across capital markets.
• As technology evolves, tokenization is emerging as a new way to represent and transfer financial assets, raising questions about how markets may operate in the future.
• In this episode, Rob Goldstein, Chief Operating Officer at BlackRock, discusses what tokenization means in practice, how it differs from cryptocurrencies, and why digital assets are drawing increased attention from investors, institutions, and policymakers.
• Rob also shares his perspective on the coexistence of traditional financial systems and digital assets, the role of digital wallets, and the regulatory developments that could shape adoption in the years ahead.

Transcript

Oscar Pulido: Most investors spend a lot of time thinking about what to invest in, whether stocks, bonds, themes, or sectors, but very few think about how those investments actually move through the system. Behind every trade, there's a complex