BitGo CEO: Tokenization is primarily about expanding access, and the depreciation of the dollar exacerbates the K-shaped economy

According to Bitcoin Magazine, BitGo's CEO Mike Belshe stated in an interview on Bitcoin Magazine's BMTV that the core of tokenization is not trading, but rather 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 halt trading every week to complete physical stock deliveries, and the framework built to solve this problem still primarily serves large institutions.

Belshe believes that the inability of retail investors to borrow against assets and the necessity to sell assets is a key reason driving the K-shaped economic divergence. He discussed how "phantom stocks" and tokenized stocks could change this situation and mentioned that long-term confidence of holders can be demonstrated through proof of reserves and setting time locks for shares.

The interview also covered the new centralized risks that may arise from custodial concentration, how multi-signature and MPC can eliminate single points of failure, the aspects that still need to be supplemented in the U.S. regulatory framework beyond clarity, and the role of AI agents in asset management. Belshe also explained the true meaning behind his previous comments about the dollar going to zero.