BitGo CEO: Tokenization Is About Expanding Access, Dollar Depreciation Is Worsening the K-Shaped Economy
TechFlame
2026-09-23 14:01
TechFlame2026-09-23 14:01
English
TechFlame News — According to Bitcoin Magazine, Mike Belshe, CEO of crypto custody firm BitGo, said in an interview on Bitcoin Magazine's BMTV that the core of tokenization is not trading, but expanding access.
He pointed out that the current financial system can be traced back to the paper stock certificate crisis of the 1960s, when the New York Stock Exchange had to shut down every week to complete physical stock settlement, and the architecture built to solve that problem still primarily serves large institutions today.
Belshe believes that retail investors being unable to borrow against their assets and having no choice but to sell them is a key driver of K-shaped economic divergence. He discussed how "ghost shares" and tokenized stocks would change this, and mentioned that proof of reserves and time-locks on shares could be used to demonstrate holders' long-term confidence.
The interview also covered the new centralization risks that custody concentration may bring, how multisig and MPC can eliminate single points of failure, what the U.S. regulatory framework still needs beyond clarity, and the role AI agents play in asset management. Belshe also explained what he really meant by his earlier remark that the dollar would go to zero.