Around The Coin
Around The Coin
Stephen Sargeant and Mike Townsend
How Tokenized Assets Work in Crypto Markets? - Jesse Knutson | ATC #603
54 minutes Posted Mar 18, 2026 at 8:00 pm.
Welcome and Episode Preview
Marker
Background From Banking to Blockstream
Blockstream Products and Mining Note STO
Lightning Network and Bitcoin Payments
Bitfinex Securities Platform and Tokenization Vision
El Salvador Boomtown
Latin America Growth Bet
Building a Fintech Hub
Why Securities Centralize
Fixing Disclosure Overload
Banks Stablecoins and CBDCs
Freedom Case for USDT
Next Wave Token Markets
AI Agents Meet Finance
Challenges and Closing Thoughts
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54:40
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Show notes
Host Stephen Sargeant interviews Jesse Knutson, Head of Operations at Bitfinex Securities, about his path from investment banking (Barclays, Macquarie) to early Blockstream work and the Blockstream Mining Note, which he describes as an early flagship tokenized security. They discuss Liquid and the Lightning Network, why stablecoins and taxation affected Bitcoin payments, and how Bitfinex Securities (launched 2021) has grown to about $250M in assets with tokenized bonds, microfinancing bonds, ...