Carlos Domingo, CEO of Securitize, told a panel at ETHConf that tokenizing stocks and exchange-traded funds could unlock a market worth up to $5 trillion. He contrasted that potential with the current onchain asset sector, which sits at roughly $30 billion today, suggesting a more than 150-fold expansion.
Domingo's bullish projection rests on the idea that bringing traditional securities onto blockchain rails will attract institutional capital and retail investors alike. The mechanism, he argued, could dramatically increase liquidity and reduce settlement times, making crypto markets more accessible to mainstream finance.
Yet not all voices are optimistic about near-term crypto performance. Analyst Quinn Thompson highlighted Bitcoin's growing divergence from tech stocks as a risk factor, noting that surging AI spending is shifting investor attention away from digital assets. Thompson advised waiting until after the summer for a clearer market direction, indicating potential headwinds for tokenization narratives in the months ahead.
The conflicting signals underscore a fragmented market outlook. While the tokenization thesis hinges on long-term structural adoption, short-term price action may remain subdued by macroeconomic and sector rotation dynamics. Investors should weigh Domingo's transformative vision against Thompson's cautious timing.