Wall Street Is Tokenizing Assets — My 70 20 10 Split!

BWB - Business With Brian•Jan 13, 2026

Summary

Brian explains that the current stock market infrastructure relies on physical paper certificates held in a Manhattan vault by the DTCC. He highlights a critical shift triggered by an SEC no-action letter on December 11, 2025, which paves the way for a full production rollout of tokenized assets by the second half of 2026. This transition to 'atomic settlement' allows for instantaneous transfers, eliminating the need for billions in trapped margin capital and saving an estimated $20 billion annually in manual paperwork. Brian suggests that tokenization will eventually encompass private equity, credit, real estate, and intellectual property.

To capitalize on this shift, Brian proposes a 70/20/10 investment allocation strategy:

JPMorgan (JPM): Brian recommends JPM as a core infrastructure play, noting their Kexus network already moves $2 billion daily. He highlights that the bank is using blockchain to unlock trapped liquidity in its global treasury. For Brian, JPM represents a 'safe bet' because they control the rails and earn fees without protocol risk.

Securitize (SECZ): Brian views Securitize as the highest conviction 'pure play' in the tokenization space, serving as BlackRock's infrastructure partner. He notes the company is an SEC-registered broker-dealer that handles the legal and technical plumbing for putting traditional assets on-chain. Brian points to their upcoming IPO in early 2026 with an expected valuation of $1.25 billion as a major entry opportunity.

Ethereum (ETH): Brian acknowledges Ethereum as the dominant backbone, hosting 65% of current tokenized real-world assets. While he considers it a speculative part of his strategy, he notes it could see massive growth if it remains the dominant settlement layer. He mentions Tom Lee's price prediction of $7,000 to $9,000 by early 2026, though he remains more cautious than Lee.

Goldman Sachs (GS): Brian includes Goldman Sachs as a primary beneficiary of the infrastructure shift through their GS DAP platform. He argues the bank is transforming into a software-and-fees business by inviting others to trade on their proprietary rails. This move allows them to capture the efficiency of blockchain while maintaining institutional control.