Securitize & Computershare Are Bringing Equities On-Chain

Welcome to FinTech TV.

I'm Emmy Blair coming to you live from Consensus Miami 2026.

Well, the real world asset tokenization market has grown to about $31 billion in terms of market value, excluding stablecoins, and it is expected to climb to the trillions by the end of the decade as institutions aim to bring stocks on chain.

Well, securitize is working with big firms to advance this future.

And it was just made a deal with ComputerShare to allow publicly traded companies to issue shares directly on the blockchain.

Well joining us live here in Miami is Billy Miller, Chief Operating Officer for Securitize.

Billy, great to have you here.

Thank you so much for joining me.

Thank you for having me.

Happy to.

Well, there are a lot of announcements that are unfolding here as we speak.

So tell us about this deal with ComputerShare.

So it's been very exciting for us as a transfer agent to see the transfer agent industry grow and get the recognition that it's had for a long time.

It's such a critical component of how our financial system works.

And when it comes to tokenization, a lot of the pushback that we've gotten is, will all the issuers actually come to the table to tokenize their stock and derive the utility and take advantage of the benefits of what blockchain can do?

And computershare is the world's largest transfer agent.

They represent the majority of the S&P 500, and they have the largest issuers in the world.

So being able to work with them and provide the tokenization technology directly to them, they can then in turn offer that to clients very quickly to hopefully bring these tokenized equities to market at scale.

And Billy, while I have you here, you and I were talking ahead of the interview, and we're talking about the role of transfer agents.

So for the layperson out there, give us an understanding of why it's so important.

So transfer agents are the company that equity issuers or anybody that needs to issue shares and keep track of them.

They hire an agent to look after the books and records.

So they effectively keep track of who owns what and when.

They are the ones that perform the transactions like share transfers or Paying dividends or facilitating an annual meeting for voting.

And so a lot of people interact with a transfer agent in some capacity, they may just not realize that they do.

But nearly every single publicly traded issuer hires a transfer agent to perform that critical role.

And I understand there's another announcement as well.

You're also launching an on-chain regulated trading for tokenized equities on Solana.

So can you take us through this agreement with Jump and Jupiter?

Yeah, I mean, the objective is, once you tokenize an asset, if you have any chance to get that asset adopted, you have to have utility.

And when it comes to tokenized equities, a lot of people may say, this is really cool to get the asset on the blockchain and hold it in my wallet, but the end objective is to create a, you know, trading mechanism in a compliant way.

And you know, with jumps liquidity and Jupiter's distribution and trading in Solana and securitized markets, we can bring all the pieces of the puzzle together to make sure that when these equities are tokenized, that there's a safe and functional and liquid market for them to trade in.

And speaking of which, I do want to get your take on regulation because we're here at consensus, and we know it's not just tradfi, Defi innovators and builders, there are also policymakers here on the ground.

In 2026, there are a lot of expectations when it comes to the regulatory side of digital assets and DFI here.

So give us your take on where we stand right now, especially in a midterm election era.

I'm happy they're here.

I mean, these are the places that we hope that regulators come to keep their finger on the pulse of what's happening and what they should be paying attention to and what they should be ignoring, right?

It's, it's a lot of noise, so it's very important for them to understand the state of where we are today.

So, I think, um, you know, this, this SEC has done a better job of providing some clarity, especially to the transfer agent world of Effectively telling issuers that it's OK to use blockchain as a ledger if you want to issue shares onto it.

It's OK for transfer agents to use the ledger of their choice, which sometimes may be blockchain.

Uh, Genius Act really providing structure and regulation of stable point usage here in the USA.

Um, we welcome regulation.

I mean, it's securitized as a heavily regulated entity.

We have a broker dealer, a transfer agent, um, we're in progress of registering an RIA, so we are very used to the regulated standard, and honestly, we hope to see more people in this room seek regulation instead of trying to play regulatory arbitrage or trying to issue products in other jurisdictions to avoid US regulation.

So I think we're getting closer and closer to bringing everything together where the regulators have a good idea of exactly what's happening and what they need to do, and hopefully delivering that for us.

And Billy, finally, before I let you go, it's 2026.

Some of the key themes that we are paying attention to is obviously uh institutional adoption, but also tokenization.

So tell us what areas of tokenization you're paying attention to and what impact it can have to both the institutional as well as retail investor out there.

So, we first saw the adoption happen in the institutional space.

So we tokenized with the likes of the Black Rocks of the world as their transfer agents.

That was a huge moment that institutions are embracing the technology and they want to bring this to their products to offer it to a net new investor base, but also Um, you know, start bridging the gap between Tradfi and crypto and making these products more globally accessible.

So we've seen healthy adoption in the tokenized treasury space, you know, products like our Biddle Fund with BlackRock has, has been very successful from a treasury perspective, a collateral use case perspective, more of an institutional product.

But we're asset agnostic when it comes to tokenization.

If, if it is an asset that's issued and needs record keeping and functionality, we want to be the ones that do it.

So whether it's, you know, yield bearing instruments like CLOs and credit, or whether it's more speculative investments that could be retail accessible, we still want to be there.

Since the, the speed of crypto, uh, the investment mandates often change where one day you could be targeting a treasury product and the market.

Changes a little bit and you want something higher in yield or a little riskier.

We want to be well positioned to have a product in each vertical to make sure that we're serving the market.

Well, Billy, great having you here on the show at Consensus 2026.

Thank you so much for joining us and thank you so much for sharing the story.

Thank you.

That was great.

Thank you.