Securitize CEO Carlos Domingo has underscored the liquidity challenges facing tokenized assets, despite their potential to democratize ownership of real-world assets like Manhattan real estate. Domingo noted that while tokenization was initially seen as a means to enhance liquidity, it has not significantly improved the ability to sell investments quickly without value loss. He emphasized that tokenized assets, such as shares in apartment buildings or collectibles, inherit the liquidity issues of their physical counterparts. Domingo pointed out that the current focus is on tokenizing assets that already have liquidity, such as cash and U.S. Treasuries. He highlighted that stablecoins, backed by cash and government bonds, now account for $300 billion in the crypto market, with tokenized U.S. Treasuries reaching $9 billion, far surpassing tokenized stocks at $681 million. Securitize, a key player in bringing tokenization to Wall Street, previously assisted in launching BlackRock’s BUIDL fund, which has grown to $2 billion since March 2024. BlackRock executives have also noted tokenization's potential to expand the investable asset universe, especially in emerging markets.